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5 Dollars - Elizabeth II St. Martha
| Issuer | Niue |
|---|---|
| Year | 2020 |
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| Value | Log in to see details |
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| Composition | Log in to see details |
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| Diameter | Log in to see details |
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| Shape | Round |
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| Obverse description | Log in to see details |
|---|---|
| Obverse script | Latin |
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| Reverse description | Full-length standing figure of Saint Martha depicted in flowing robes, occupying the centre of the field. She holds a tall processional cross-staff in her left hand and a pitcher or ewer in her right, attributes traditionally associated with her iconography. The design is executed in high relief against a two-tone proof background combining polished and frosted surfaces. The bilingual legend SV. MARTA to the left and ST. MARTHA to the right arcs around the periphery, separated by the figure. The engraver's monogram dK appears in the lower exergue. |
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| Additional information |
Niue has issued gold fractionals under licensing arrangements with foreign minting houses for decades, functioning essentially as a revenue vehicle for the Pacific island nation whose own economy runs largely on New Zealand aid and remittances. These sub-gram pieces exist because collector demand for affordable pure gold — not any monetary need — created a market that Niue's unusually permissive coining authority was well positioned to supply.
At 0.5 grams of .9999 fine, the economics of production leave almost no margin; the premium over spot on issues like this one typically exceeds 50% at retail.