1 Dollar - Elizabeth II Fai chun

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.