1 Dollar - Elizabeth II Small Horse

Niue's dollar coinage program has functioned primarily as a revenue-generating vehicle for the Pacific island territory since the 1970s, with collector issues far outnumbering anything intended for domestic circulation. The "Small Horse" designation distinguishes this piece within a broader Chinese Lunar series, where design variants and sub-types proliferated rapidly enough that even specialist dealers occasionally conflate them.

KM#920 attribution places it firmly within the explosion of New Zealand Mint-produced Niue issues from this period — a market that peaked sharply around 2012–2014 before secondary values softened considerably on most types.