2 Dollars - Elizabeth II Posthumous, 4th Portrait - Tokoeka Kiwi, Silver Proof

New Zealand's tokoeka — the southern brown kiwi subspecies found primarily in Fiordland and on Stewart Island — is the largest of the kiwi species and the only one regularly observed foraging by day. The posthumous portrait of Elizabeth II presented here follows her death in September 2022, making 2023 the first full year New Zealand's mint navigated the transition before Charles III coinage entered circulation. These proof issues typically bridge that gap, honoring the outgoing monarch while the new effigy is prepared and approved.

The gold plating over .999 silver places this squarely in the collectibles market rather than any monetary function — New Zealand's circulating $2 coin has been a small aluminum-bronze piece since 1990.