250 Dollars - Charles III Bitcoin

Niue has operated as a prolific license-issuer for novelty bullion since the 1990s, lending its sovereignty to dozens of themed programs with no connection to the island's 1,600-person population or its actual economy. This piece is a one-troy-ounce gold coin whose subject — Bitcoin — is a decentralized system explicitly designed to render state-issued currency obsolete, a tension the issuer has not publicly acknowledged.

Charles III's appearance here is nominal; Niue is a self-governing territory in free association with New Zealand, obligating the regal portrait under its constitutional arrangement rather than by any curatorial choice.