1 Dollar - Elizabeth II Kingfisher

Niue has functioned as a prolific licensing vehicle for foreign bullion and commemorative programs since the 1990s, issuing coins with legal tender status under New Zealand's monetary umbrella while actual production and marketing are handled entirely by outside mints and distributors. The Kingfisher dollar falls squarely into that model — a collector product aimed at the international market, not Niuean commerce.

KM# 110 is part of a broader wildlife series produced during a period when small Pacific island issuers were flooding the market with low-mintage silver rounds dressed as coinage.