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2 Dollars - Charles III Bull and Bear

Issuer Niue
Year 2025
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Composition Ruthenium plated silver (.999)
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Reverse script Latin
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Edge Plain
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Additional information

Niue has operated as a prolific licensing vehicle for novelty bullion since the 1990s, its status as a New Zealand associated state giving it the legal standing to issue coins bearing the Commonwealth monarch's effigy. The ruthenium plating here is a relatively recent technique in the commemorative market, applied selectively to create contrast against the silver field — the process requires electrodeposition at lower temperatures than gold or rhodium to avoid stress fracturing the planchet surface.

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