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1 Dollar - Elizabeth II Oil discovery
| Issuer | Niue |
|---|---|
| Year | 2013 |
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| Value | Log in to see details |
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| Composition | Log in to see details |
| Weight | 25.0 g |
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| Obverse description | Log in to see details |
|---|---|
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| Reverse description | A dynamic coloured composition commemorating the 1953 Australian oil discovery, featuring two oil derrick workers in high relief set against a coloured background depicting a sunset over an arid outback landscape. A kangaroo silhouette is visible in the middle ground amid warm ochre and crimson tones. A gushing oil derrick tower rises at centre, with crude oil erupting in a spray at the apex against a dark sky. In the lower foreground, a pool of black oil is rendered in relief. The legend OIL DISCOVERY 1953 is inscribed in bold lettering to the left of the central design. |
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| Reverse lettering | OIL DISCOVERY 1953 |
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| Additional information |
Niue has issued commemorative silver dollars under licensing arrangements since the 1970s, effectively renting its sovereign issuing authority to foreign minting operations — primarily the New Zealand Mint — as a revenue stream. The oil discovery theme almost certainly references a specific petroleum find, but Niue itself has no known hydrocarbon resources; these coins are thematic issues for the collector market, not documents of national economic history.