Niue's arrangement with the New Zealand Mint has produced a long-running series of bullion and collector issues on the island territory's authority, leveraging its status as a self-governing state in free association with New Zealand to issue legal tender denominated in New Zealand dollars. The platinum Tree of Life issues occupy the premium tier of that program, struck in fractional and one-troy-ounce sizes targeting investors who track platinum spot closely — a market that spent most of 2021 trading at a significant discount to gold, an unusual inversion that has persisted since roughly 2015.
Niue's arrangement with the New Zealand Mint has produced a long-running series of bullion and collector issues on the island territory's authority, leveraging its status as a self-governing state in free association with New Zealand to issue legal tender denominated in New Zealand dollars. The platinum Tree of Life issues occupy the premium tier of that program, struck in fractional and one-troy-ounce sizes targeting investors who track platinum spot closely — a market that spent most of 2021 trading at a significant discount to gold, an unusual inversion that has persisted since roughly 2015.