2 Dollars - Charles III Valkyrie

Niue functions as a treaty partner with New Zealand and issues commemorative coinage under an arrangement that gives the island nominal authority while the New Zealand Mint handles production and distribution. The Valkyrie belongs to a series of Norse mythology-themed bullion rounds dressed as legal tender — the two-dollar face value is purely nominal against the silver melt, and these are designed from the outset for the collector and stacker market, not circulation.

Charles III's effigy appears here in one of his earliest years on coinage, following the updated portrait approved after Elizabeth II's death in September 2022.