2 Dollars - Elizabeth II Phoenix

Niue's coin program operates almost entirely as a licensing vehicle — the island's GDP is negligible, and its arrangement with New Zealand allows it to issue legal tender struck at overseas mints for the international collector market. This particular piece is part of a sprawling series of privately commissioned bullion and proof issues that bear Niue's authority in name only, produced in quantities calibrated to collector demand rather than any monetary need.

The Phoenix series drew on longstanding collaboration between the New Zealand Mint and international distributors. KM#3787 was struck at the New Zealand Mint in Auckland.