5 Dollars - Elizabeth II El Dorado

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.