Gold Ounce 2023 Chronos, 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. Many of them are in standard bullion sizes, including one ounce of gold (abbreviated as 1 oz Au, where "Au" comes from the Latin word for gold, Aurum). Those issued at prices much higher than their bullion value are separately listed in the Non-Circulating Legal Tender (NCLT) gold ounce section of the site.

Unlike them, this coin is targeted at bullion investors and was initially released at a price close to the value of its precious metal content.

This is the ninth design in the Chronos series of bullion coins by the Pressburg Mint, and the first one issued for Niue (earlier issues were for Tokelau).

The series has a new design every year, all with the same message referring to the well known phrase "Panta Rhei" by the famous Greek philosopher Heraclitus. "Chronos" (time) is a reference to the lasting value that precious metals have held during human history.

The Mint says about it:
"Panta Rhei" - everything flows and things come and go. When it comes to value, precious metals have always held a crucial position in the world of finance. Nowadays, a safe haven at the very least, a financial norm in the past. Silver currently holds an especially important position in the financial world and we believe it will continue to do so for a long time. Now and forever.