12 Dollars - Charles III Taurus

Niue has operated as a prolific licensing vehicle for commemorative and bullion issues since the 1990s, with the New Zealand government backing its coinage rights under the Niue Act 1966. The resulting program has produced hundreds of themed releases with no connection to the island's roughly 1,500 residents or its economy.

The five-ounce format places this squarely in the collector bullion tier favored by European and Asian subscription buyers in the early 2020s.