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2.5 Dollars - Elizabeth II Santa's Gold

Issuer Government of Niue
Year 2020
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Value 2.5 Dollars
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Obverse description Right-facing effigy of Queen Elizabeth II after the fourth definitive portrait by Ian Rank-Broadley, depicting the Queen with a diademed and draped bust. The engraver's initials IRB appear below the truncation of the neck. The legend ELIZABETH II · D · G · arcs across the upper field, with NIUE to the right and 2.5 DOLLARS · 2020 · distributed around the lower portion of the coin. The portrait is rendered in high relief against a mirror-polished field, characteristic of the proof finish.
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Edge Reeded
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Additional information

Niue has operated as a prolific bullion and commemorative licensing platform since the 1990s, contracting private mints to produce legal-tender issues under its sovereign authority while the island's actual economy runs almost entirely on New Zealand aid and remittances. This piece is part of that arrangement — a fractional gold product aimed squarely at the gift and novelty collector market rather than the numismatic one.

At 0.5 grams, the gold content is negligible by bullion standards, and the KM# assignment reflects cataloging obligation more than numismatic significance.

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