5 Dollars - Elizabeth II Apollo

Niue has operated as a reliable vehicle for New Zealand-licensed commemorative coinage since the 1990s, lending its sovereignty to issues with no connection to the island's own history or economy. This Apollo piece is part of that cottage industry — produced for the collector market, never intended for circulation, and almost certainly never seen by most Niueans.

The 62.2g weight places it in the two-troy-ounce category, a format that became commercially standard for premium commemoratives in the 2010s as silver bullion prices made single-ounce pieces feel insufficiently substantial to justify high mintage premiums.