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1 Dollar - Elizabeth II Fai chun

Issuer Niue
Year 2021
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Engraver(s) Ian Rank-Broadley
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Obverse description Right-facing effigy of Queen Elizabeth II, depicted as a diademed and draped bust after the fourth portrait by Ian Rank-Broadley, with the engraver's initials IRB truncated below the neck. The legend ELIZABETH II arcs above the portrait along the upper border of the rectangular field. Below the effigy, the date 2021 and issuer name NIUE appear to the left, with the denomination 1 DOLLAR to the right. Along the bottom edge, a colored band displays a repeating sequence of currency symbols: ¥ $ € £, rendered in gold coloring against a contrasting background. The coin's irregular rectangular shape with decorative corner notches evokes the form of a traditional Chinese fai chun ornamental banner.
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Obverse lettering ELIZABETH II IRB 2021 1 NIUE DOLLAR Ag999 5g ¥ $ € £ ¥ $ € £ ¥ $
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Additional information

Fai chun are the red decorative banners hung during Lunar New Year — a tradition with roots in Tang dynasty China, when poetic couplets were brushed onto peach wood to ward off evil spirits. Niue has issued themed bullion in this vein for the Chinese collector market, where demand for small-denomination silver with culturally resonant motifs has grown sharply since the early 2010s. At 5 grams, this piece sits at the lower end of the modern fractional silver bullion format that Pacific island sovereigns have leaned on heavily as a revenue mechanism.

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