1 Dollar - Elizabeth II Spaso-Preobrazhensky monastery

Niue has operated as a prolific licensing platform for commemorative silver issues since the 1990s, contracting with private minting firms — primarily the Polish Mint — to produce coins bearing its name and New Zealand-backed legal tender status. This monastery piece is one of hundreds issued under that arrangement, targeting the Russian collector market specifically. The Spaso-Preobrazhensky (Transfiguration) monastery series drew on deep demand among Russian buyers for religiously themed bullion collectibles, a market that expanded sharply after 1991.

Niue's population hovers around 1,600. It has never had a mint of its own.