2 Dollars - Elizabeth II Virgin Mary

Niue has operated as a licensing jurisdiction for themed bullion and collector silver since the 1990s, issuing coins under New Zealand's currency umbrella while retaining nominal face values that bear no relationship to intrinsic worth. This piece belongs to a wave of square-format religious issues produced around 2011–2013, predominantly by the Mint of Poland on behalf of various Pacific microstate licensors — a commercially driven arrangement that generated hundreds of distinct types within a few years.

KM#811 attribution places it firmly in the collector bullion category rather than any circulating series.