2 Dollars - Elizabeth II Virgin Mary

Niue has operated as a prolific licensing platform for commemorative silver issues since the 1990s, contracting private mints — predominantly the Polish Mint and Perth Mint — to produce themed collector pieces under its sovereign authority. This Virgin Mary issue is one of hundreds struck under that arrangement, with Niue collecting royalties while bearing none of the production costs.

KM#692 sits in a dense run of Niuean religious and iconographic commemoratives from the same period, most sharing identical planchet specifications.