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 large size of one kilogram (1 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 piece of art in the form of large silver coin is dedicated to “1,001 Nights”, a collection of largely Middle Eastern and Indian stories of uncertain date and authorship whose tales of Scheherazade, Aladdin, Ali Baba, and Sindbad the Sailor have almost become part of Western folklore.
The coin features High Relief, enamel, a special polished finish and a special theme weight: 1,001 grams. | 
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