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1 Dollar - Elizabeth II Study of a Skull

Issuer Niue
Year 2011
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Orientation Medal alignment ↑↑
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Obverse description Right-facing effigy of Queen Elizabeth II after the portrait by Raphael David Maklouf, wearing the George IV State Diadem and draped in robes. The legend ELIZABETH II flanks the date 2011 along the upper arc, with NIUE ISLAND inscribed along the right field. The denomination 1/24th of 24 Dollars appears in the lower portion of the field beneath the portrait.
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Mintage 2011 - Proof - 500
Additional information

Niue has operated as a prolific licensing platform for novelty bullion since the early 2000s, contracting its sovereign name and minting rights to third-party distributors who produce themed collector pieces with no connection to the island's domestic economy. This piece belongs squarely to that commercial model — a privately conceived design issued under Niuean authority purely for the collector market.

The KM#537 assignment places it within a densely packed catalog sequence reflecting just how many such issues Niue was approving annually by 2011.

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