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5 Dollars - Elizabeth II Boxing

Issuer Niue
Year 2020
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Shape Round
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Reverse description Dynamic high-relief depiction of two male boxers engaged in close-quarter combat at the centre of the field, with one fighter delivering a powerful cross to the jaw of his opponent. Both athletes wear boxing gloves and trunks, rendered with fine muscular detail. Championship belt medallions are depicted in the upper background, alongside a suggestion of a crowd of spectators visible in the lower right. The series legend 'MARTIAL ARTS OF THE WORLD' arcs along the upper rim, with the word 'BOXING' inscribed in a recessed cartouche at the base of the design.
Reverse script Latin
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Additional information

Niue has operated as a prolific licensing hub for themed bullion since the 1990s, issuing coins under New Zealand's currency umbrella while retaining nominal face values bearing no relationship to silver content or market price. The $5 denomination here is a legal fiction — a device for satisfying the technical requirement that a coin carry a face value, not a statement of worth.

KM#3874 sits in a crowded field of sport-themed 2 oz silver issues produced for the collector and investor crossover market around 2020, a period when the secondary market for such pieces depended almost entirely on the strength of the sport licensing rather than numismatic fundamentals.

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