2 Dollars - Elizabeth II Year of the Horse

Niue's relationship with the commemorative bullion market is essentially contractual — the island nation licenses its name and issuing authority to third-party mints, primarily the New Zealand Mint, which designs and produces these pieces for international collector distribution. The local economy sees royalty revenue; the coins themselves never meaningfully circulate on the island.

This piece falls within a long-running lunar series targeting the Chinese-diaspora collector market, where 2014 marked the Year of the Horse under the sexagenary cycle.