1 Dollar - Elizabeth II Japanese Trade Dollar

The Japanese trade dollar was struck from 1875 at the Osaka Mint specifically to compete with the Mexican peso in Asian commerce, particularly in China, where foreign silver was weighed rather than counted. It was never legal tender in Japan itself — purely an instrument of export trade policy under the Meiji government's drive to integrate into international commerce on favorable terms.

Niue's numismatic program has issued this as part of a broader trade dollar series. The original Japanese type circulated through treaty ports until 1897, when Japan's adoption of the gold standard rendered the whole exercise obsolete.