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5 Dollars - Elizabeth II El Dorado
| Issuer | Niue |
|---|---|
| Year | 2020 |
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| Shape | Round |
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| Obverse description | Log in to see details |
|---|---|
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| Obverse lettering | ELIZABETH II NIUE ISLAND IRB mw Ag 999 · 5 DOLLARS 2020 · |
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| Edge | Smooth |
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| Additional information |
El Dorado coins from Niue's ongoing bullion-adjacent series are produced under a licensing arrangement that lets the island nation generate revenue from seigniorage while the actual striking is contracted out to a private mint — in this case the Perth Mint. Niue itself has no mint, no meaningful domestic coin circulation, and a population under 2,000.
The El Dorado program draws on the 16th-century Spanish obsession with a mythical gilded king somewhere in the Orinoco basin — a fixation that drove repeated expeditions into present-day Venezuela and Colombia, including those of Sir Walter Raleigh in 1595 and 1617.