5 Dollars - Charles III Wonderland

Niue has operated as a prolific licensing hub for commemorative coinage since the 1990s, contracting its sovereign issuing authority to foreign mints and distributors producing collector pieces with no circulation intent. This particular issue belongs to a long-running series of Lewis Carroll-themed coins that Niue has attached its name to, a arrangement common among Pacific micro-states whose numismatic programs function almost entirely as revenue instruments rather than monetary infrastructure.