2 Dollars - Elizabeth II Cheetah

Niue's authority to issue legal tender coinage derives from a 1981 agreement with New Zealand, which remains responsible for the island's defense and foreign affairs. The arrangement has made Niue one of the most prolific small-territory mints in the modern collector market, with annual programs running into the hundreds of distinct types. Black rhodium plating on silver became fashionable among bullion-adjacent commemoratives in the mid-2010s primarily as a way to create selective contrast effects that photography reproduces well — a frank acknowledgment that the secondary market for these pieces runs almost entirely through online sales platforms.