10 Dollars - Elizabeth II Napoleon Bonaparte

Niue has long operated as a de facto mint-for-hire, licensing its sovereign status to produce collectible issues with no circulation intent whatsoever. This 155.5g silver piece — five troy ounces — falls squarely into the modern bullion-adjacent commemorative category that Pacific island nations have made a minor industry since the 1990s, when New Zealand's Realm territories discovered that numismatic licensing revenue substantially outpaced anything their domestic economies could generate.

Napoleon's bicentennial death anniversary in 2021 prompted a wave of French and international issues. The Niue entry competes in a crowded field that year.