2 Dollars - Elizabeth II Palmyra

Palmyra Atoll, the subject of this issue, is one of the most remote territories in the Pacific — an uninhabited National Wildlife Refuge administered by the U.S. Fish and Wildlife Service with no permanent civilian population. Niue has no geographic or historical connection to it whatsoever. The coin exists because Niue's government has operated a prolific bullion and commemorative licensing program since the 1990s, contracting with private minting houses to issue coins under its authority for the collector market. The underlying motivation is fiscal, not numismatic.