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50 Dollars - Charles III SilverNote Coinbar

Issuer Niue
Year 2023
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Currency Dollar of New Zealand (1987-date)
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Reverse description The reverse presents a plain, textured surface with a rough, unfinished matte appearance characteristic of a cast or bullion bar reverse, devoid of any inscriptions or design elements. The rectangular field exhibits an irregular granular texture across the entire surface, with rounded corners consistent with the coinbar format.
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Mintage 2023 - Bullion - 5,000
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The "Coinbar" format — a struck silver bar carrying an embedded legal-tender coin — has been a niche product of the New Zealand Mint for over a decade, issued under Niue's licensing arrangement that grants the Pacific territory a reliable stream of numismatic revenue it could not otherwise generate. The 1-kilogram weight places this squarely in the bullion-adjacent collector market, where silver spot price and numismatic premium exist in uneasy proportion.

Charles III's accession in September 2022 triggered a global re-tooling of effigy coinage across all Commonwealth realms and associated issuing authorities. Niue, not a realm but a self-governing state in free association with New Zealand, moved quickly to update its numismatic program.

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