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2 Dollars - Elizabeth II Saint Paul

Issuer Niue
Year 2012
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Composition Silver (.999)
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Obverse description Right-facing crowned effigy of Queen Elizabeth II after the portrait by Raphael David Maklouf, depicted wearing the George IV State Diadem and a pearl necklace with drop earring. The bust occupies the central field of the rectangular flan, rendered in high relief with fine detail to the hair and crown. The legend 'ELIZABETH II' and 'NIUE' appears above the effigy in two lines, while the denomination '2 DOLLARS' and the date '2012' are inscribed below in the lower field.
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Reverse description Full-color reproduction of a Byzantine-style icon depicting Saint Paul the Apostle in three-quarter view, rendered after a classical Eastern Orthodox iconographic tradition. The saint is portrayed as a bearded, dark-complexioned figure wearing a blue inner garment and a dark outer robe, holding a closed codex or epistle in his right hand. A golden nimbus encircles his head against a muted green and grey architectural background, and decorative foliate elements are visible to the left of the composition. The color application is achieved through a printing technique applied to the milled silver surface of the rectangular flan.
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Additional information

Niue has operated as a prolific bullion and commemorative issuing authority since the 1990s, leveraging its status as a self-governing territory in free association with New Zealand to access international numismatic markets. The arrangement allows Niue to issue legal tender coins without maintaining a domestic monetary system — the New Zealand dollar circulates locally instead.

KM#810 is one of dozens of themed silver ounce pieces struck for Niue by the New Zealand Mint around this period, distributed primarily through wholesale numismatic channels rather than any form of circulation.

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