2 Dollars - Charles III Winged Liberty

Niue has operated as a prolific bullion and numismatic licensing jurisdiction since the 1990s, leasing its sovereign issuing authority to private mints — in this case, producing a piece that grafts an American numismatic icon onto a Commonwealth realm's coinage under a reigning British monarch. The arrangement is entirely legal and increasingly common among small Pacific island nations whose mint revenue far exceeds anything generated by local circulation coinage.