2 Dollars - Elizabeth II Panda

Niue has served as a licensing vehicle for the New Zealand Mint since the 1990s, providing legal tender status to bullion and collector issues that have no practical circulation on the island — whose population sits below 2,000. The panda-themed series competes directly with the official Chinese Gold and Silver Panda program, deliberately targeting the same collector base while circumventing Chinese Mint exclusivity.

KM#5000 as a catalog reference almost certainly reflects a placeholder assignment rather than a verified Krause listing for this specific date.