5 Dollars - Elizabeth II Friends

Niue has issued collector silver under its own authority since the 1990s, leveraging a longstanding arrangement with New Zealand that allows the island — population under 2,000 — to produce legal tender coinage far exceeding any domestic monetary need. The "Friends" branding places this squarely within the licensed pop-culture commemorative market, where Niue competes directly with Cook Islands and Tuvalu for licensing agreements with major entertainment properties.

KM#6165 is one of hundreds of Niue-issued 2 oz silver rounds catalogued in that number range within a single decade.