1 Dollar - Elizabeth II 4th Portrait, Army of the Dead

Part of New Zealand's "Lord of the Rings" licensing program tied to Peter Jackson's film trilogy, this piece was issued during the global theatrical run of *The Return of the King*. The Reserve Bank contracted the New Zealand Mint for the series, one of the more commercially aggressive coin programs undertaken by a Pacific sovereign issuer at the time. Production was aimed squarely at the collector and film merchandise market rather than circulation.

KM#265 is one of several distinct reverse types in the series, each allocated its own catalog number despite sharing identical specifications throughout.