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5 Dollars - Charles III Siren

Issuer Niue
Year 2023
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Currency Dollar of New Zealand (1987-date)
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Reverse description A highly detailed, fully colored depiction of a siren rendered in a contemporary fantasy art style dominates the field. The mythological creature is portrayed as a blue-skinned, pointed-eared female figure with long flowing blue hair and a scaled fish tail, shown in three-quarter profile gazing downward. She cradles a human skull in her outstretched clawed hands, with dramatic red and blue wing-like appendages swirling dynamically behind her against a mirror-polished proof field. The legend THE SIREN is inscribed in bold relief lettering at the upper portion of the field.
Reverse script Latin
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Additional information

Niue's status as a Pacific island nation in free association with New Zealand makes it a favored licensing jurisdiction for international bullion and collector programs — it issues legal tender coinage it will never see in circulation, generating revenue through seigniorage on products designed, marketed, and distributed entirely by foreign mints and dealers. This particular piece is part of the broader mythological creatures genre that has dominated the high-relief colored silver market since the mid-2010s, when minthouses discovered that intricate antiqued finishes and selective gilding commanded significant premiums over spot on 2 oz blanks.

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