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1 Dollar - Elizabeth II Year of the Rat: Wealthy

Issuer Niue
Year 2008
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Reference(s) KM#342
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Reverse description The reverse features a vibrant full-color applied illustration depicting a golden-brown rat perched atop green vegetables, holding a red Chinese lucky envelope bearing Chinese characters, set against a magenta background. The Chinese character 鼠 (rat) appears in the upper portion of the colored panel alongside the arched legend YEAR OF THE RAT. To the left, an uncolored silver panel displays the issue year 2008 and a chronological list of previous Years of the Rat: 1996, 1984, 1972, 1960, and 1948. At the base of the coin, the word WEALTHY is prominently inscribed flanked by two gilt ingot motifs, with the fineness and weight indication Ag .999 1oz below.
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Additional information

Niue's Chinese Lunar series occupies an odd corner of the commemorative market — the island nation of roughly 1,600 people has used its currency-issuing authority since the 1990s primarily as a licensing vehicle, with coins designed and distributed almost entirely for overseas collector markets, particularly in Asia and the Pacific diaspora. The 2008 Rat issue landed in a year of particular commercial pressure: global silver spot prices were climbing sharply toward their 2008 peak, making production costs for .999 fine bullion commemoratives notably higher than in previous years of the series.

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