2 Dollars - Elizabeth II Hercules

Niue has functioned since the 1990s as a licensing vehicle for foreign mints — primarily New Zealand's Downies and various European houses — to produce collector silver under Cook Island-style arrangements. This piece is part of a broader mythology series almost certainly contracted through a European producer, most likely the Polish Mint or a comparable central European facility that has cornered the market on gemstone-inset commemoratives aimed at the themed collector trade. The embedded garnet is pressure-set post-striking.