8 Dollars - Elizabeth II Great Lunar Race

Niue has functioned since the 1990s as a licensing vehicle for commemorative issues bearing the New Zealand-administered territory's name, with the actual coins designed, struck, and marketed entirely by third-party mints — in this case the Perth Mint, which produced the Great Lunar Race series for the international collector market. The denomination itself is nominal; no one has ever tendered eight Niuean dollars for goods or services.

The 5 oz format places this squarely in the bullion-adjacent collector segment that expanded sharply after 2008 as silver spot prices drew new buyers into precious metal collectibles.