10 Dollars - Elizabeth II IS-2

Niue has operated as a prolific licensing platform for international coin programs since the 1990s, with its government issuing collector coins almost entirely for export revenue rather than domestic circulation. The arrangement allows private mints — most commonly European houses — to produce pieces under Niue's legal authority while the island itself sees little of the physical production.

Without confirmed details on the specific IS-2 program's commissioning mint or release context, little more can be said with confidence.