Gold Five Kilos 2023 Thaler, Coin from Niue - detailed information

Niue, a sovereign state in free association with New Zealand, uses two official legal tender currencies. The New Zealand Dollar is the circulation currency for daily transactions, while the government also authorises legal tender coins in the Niue Dollar currency for collector's purposes.

A number of mints issue a large variety of coins under the authority of Niue. Most of these are commemorative and collector issues dedicated to historical or general popular culture themes not related to Niue itself. Others are bullion coins in sizes based on the troy ounce, or metric - including the extremely large five kilograms of gold format (abbreviated as 5 kg Au, where "Au" comes from the Latin word for gold, Aurum). These gold coins are targeted at bullion investors and are released at prices close to the intrinsic value of their precious metal content.

This premium bullion coin by the Czech Mint explores the history of the American Dollar, whose name derives from the Joachimsthaler (in Czech, Jáchymov Tolar), which originated in the Czech Kingdom in 1520. This high-quality currency spread throughout Europe and its success encouraged others to mint a number of imitations. The Czech tolar thus became, for example, the Dutch Daler, which was used, among other things, in the American colonies. The dollar was then created by further distortion of the Czech word.

The reverse of the coin was designed by Ladislav Vraný, and the obverse by Martin Dašek.