25 Dollars - Elizabeth II Gandalf the Grey

Niue has functioned as a prolific licensing vehicle for the New Zealand Mint since the 1990s, its status as a self-governing territory in free association with New Zealand giving it the authority to issue legal tender while the actual production and distribution runs through Auckland. The Tolkien estate's licensing agreements have generated dozens of precious metal issues across multiple mints globally, this being part of a broader 2021 series tied to renewed franchise interest ahead of Amazon's The Rings of Power production.

The .9999 fineness places it at the top of commercial gold purity — one step above the more common .999 used in bullion.