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2 Dollars - Elizabeth II Year of the Dragon

Issuer Niue
Year 2012
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Thickness 2.97 mm
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Obverse description Third-generation effigy of Queen Elizabeth II facing right, wearing the George IV State Diadem and a pearl necklace, as modelled by Raphael David Maklouf. The portrait is rendered in high relief against a mirror-polished field, with fine detail in the hair and crown. The legend ELIZABETH II arcs along the left periphery, NIUE along the upper field, and TWO DOLLARS along the right, all within a continuous beaded border. The date 2012 appears in the lower exergue.
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Edge Reeded
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Additional information

Niue's bullion and commemorative silver program, operated largely through the New Zealand Mint, has issued hundreds of licensed designs since the 1990s — most backed by legal tender status that exists on paper only, as the island's actual currency remains the New Zealand dollar. The 2012 Year of the Dragon release targeted the Chinese collector and gift market at a moment when demand for lunar-themed silver was outpacing traditional Western numismatic categories.

KM#677 is one of dozens of near-identical one-troy-ounce issues from this period, distinguished primarily by licensing arrangement rather than minting distinction.

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