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5 Dollars - Philippe of Belgium

Issuer Niue
Year 2023
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Technique Milled
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Obverse lettering FIVE DOLLARS PUBLIC SEAL OF NIUE ATUA NIUE TUKULAGI 2023 2.5g FINE GOLD
Reverse description Stylised effigy of King Philippe of Belgium depicted in three-quarter view, wearing military dress uniform with epaulettes and a sash. To the left of the portrait, the royal cipher FP surmounted by a crown appears in the upper corner, with the legend PHILIPPVS REX running vertically along the left border. The commemorative dates 2013-2023 are inscribed in the lower portion of the field, marking the first decade of his reign. The portrait is rendered in bold relief with clean, modern engraving against a polished ground.
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Additional information

Niue has functioned as a vehicle for foreign collector coinage since the 1990s, its status as a New Zealand realm territory granting it the legal authority to issue currency while its tiny population — under 2,000 — ensures none of it ever circulates domestically. This piece is a bullion-adjacent collector issue, part of a broader Belgian royal portrait series marketed primarily through European distributors.

At 2.5 g of .9999 fine gold, the denomination is nominal fiction — a $5 face value on a coin containing metal worth multiples of that at any spot price since the series launched.

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