Silver 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 commemorative, bullion and collector coins under the authority of Niue. These coins are dedicated to historical or general popular culture themes not related to Niue itself. Many of them are in standard bullion sizes based on the troy ounce, but some are in the metric system and go to the extremely large size of five kilograms (5 kg) of silver.

The coins are "Non-Circulating Legal Tender" (NCLT) and not bullion because they are issued at prices much higher than their bullion value and are targeted at collectors who appreciate them for their artistic or sentimental value, and not at bullion investors.

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.