1 Dollar - Elizabeth II Dingo

Niue has functioned since the 1990s as a licensing vehicle for the Perth Mint and other producers, issuing legal tender in its own name for coins that will never circulate on the island — a self-governing territory of roughly 1,500 people whose actual currency is the New Zealand dollar. This dingo piece is part of that well-worn arrangement, with Niue's nominal sovereignty providing the legal tender status while the collector market provides the economic rationale.