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2 Dollars 50 Cents - Elizabeth II Eagle

Issuer Niue
Year 2021
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Weight 0.31 g
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Obverse description Circular inset at left featuring the fourth definitive effigy of Queen Elizabeth II facing right, as designed by Ian Rank-Broadley, wearing a tiara and pearl earring. The legend ELIZABETH II and NIUE appear around the portrait within the circular inset. The rectangular field to the right bears the inscriptions SOLID GOLD, WEIGHT 1/100 Oz, and FINE GOLD 999.9 arranged vertically. The denomination 2 DOLLARS 50 CENTS and the date 2021 appear along the lower arc of the circular portrait surround.
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Obverse lettering ELIZABETH II NIUE IRB 2 DOLLARS 50 CENTS · 2021 SOLID GOLD WEIGHT 1/100 Oz FINE GOLD 999.9
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Additional information

Niue's arrangement with the New Zealand Mint produces legal tender coinage that Niue itself has no practical monetary use for — the island runs on New Zealand dollars. This piece, at 0.31 g of fine gold, belongs to the fractional bullion market almost entirely, the face value a legal fiction required to make it coinage rather than a commodity.

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