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2 Dollars - Elizabeth II Capricorn

Issuer Niue
Year 2011
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Currency Dollar of New Zealand (1987-date)
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Obverse description The obverse of this rectangular silver coin features a right-facing effigy of Queen Elizabeth II wearing a diamond tiara and pearl necklace, rendered in the fourth definitive portrait by Ian Rank-Broadley. The legend ELIZABETH II and NIUE appears above the portrait in the upper field. Below the effigy, the denomination 2 DOLLARS and the specifications 1oz 999 SILVER are inscribed in two lines, with the date 2011 positioned at the bottom margin. The rectangular border is decorated with the twelve zodiac symbols in relief, one at each cardinal and intermediate position around the frame, providing an elegant thematic border design.
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Reverse description The reverse presents a vivid full-color fantasy illustration depicting the Capricorn zodiac sign as a mythical sea-goat creature rendered in a luminous underwater or celestial scene, accompanied by a female figure in flowing garments amid swirling starlight and rocky formations. The Greek inscription Αιγόκερως (meaning Capricorn) appears at the top of the colored field in stylized lettering. The Capricorn astrological symbol is prominently displayed in the lower central portion of the image. Beneath the colored illustration, the legend CAPRICORN and the date range DECEMBER 22 - JANUARY 20 are inscribed in the silver border, identifying the zodiac period.
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Additional information

Niue's legal tender coinage is struck under contract — the island nation itself has no mint — and these issues are produced almost entirely for the collector market rather than circulation. The "Capricorn" piece belongs to a zodiac series Niue licensed during a period when Pacific microstates were aggressively competing for a share of the themed bullion market, largely driven by demand from collectors in Germany, Poland, and Southeast Asia.

KM#594 is one of dozens of Niue-issued silver dollars cataloged within a narrow window around 2010–2012, when the series proliferated quickly enough that secondary market premiums collapsed on many issues within months of release.

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