2 Dollars - Elizabeth II Crocodile Eye

Niue has functioned as a prolific licensing platform for foreign bullion and collector programs since the 1990s, with the New Zealand government administering its currency arrangements under a 1974 agreement that makes these coins legal tender in name while targeting almost exclusively the international collector market. The "Crocodile Eye" is part of a nature-themed series marketed largely to European and Asian buyers.

KM#2040 cross-references suggest Pacific island attribution with no domestic circulation whatsoever.