Catalog
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| Issuer | Niue |
|---|---|
| Year | 2011 |
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| Engraver(s) | Raphael David Maklouf |
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| Obverse description | Central effigy of Queen Elizabeth II in right-facing profile, featuring the third definitive portrait as modelled by Raphael David Maklouf, depicting the Queen wearing the Girls of Great Britain and Ireland tiara. The legend 'ELIZABETH II' arcs along the upper left periphery, with the date '2011' positioned at the top centre and 'NIUE ISLAND' arcing along the upper right. The denomination inscription '1/24th of 24 Dollars' is inscribed in the lower field beneath the portrait. The entire design is rendered in high relief against a polished rectangular field. |
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| Edge | Plain |
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| Additional information |
Niue has leveraged its status as a New Zealand realm territory to issue an extraordinary volume of commemorative silver since the 1990s, contracting production primarily through the New Zealand Mint in Auckland. KM#548 falls squarely within this commercial program — coins produced not for circulation but for the international collector market, with Niue's nominal sovereignty providing the legal issuing authority.
The 42.5g specification places it outside the standard one-ounce format, a deliberate choice by the mint to justify premium pricing over spot silver.