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 - typically, one ounce of silver (abbreviated as 1 oz Ag, where "Ag" comes from the Latin word for silver, Argentum). Those issued at prices much higher than their bullion value are separately listed in the Non-Circulating Legal Tender (NCLT) silver 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 coin is part of a New Zealand Mint collection of "premium bullion coins" featuring movie characters and themes, and is the second of a series dedicated to the Pirates of the Caribbean movies. The coin's theme is The Flying Dutchman, the main venue for the action in Pirates of the Caribbean 2.
The Flying Dutchman was used by its captain Davy Jones for diving and is therefore covered with all kinds of seaweed and shells. As a result of a curse Davy Jones brought upon himself and the Flying Dutchman, the crew is doomed to become more and more a part of the ship, eventually becoming completely fused with it. The successful sequel to the first part of the film series is about Jack Sparrow being in debt to and pursued by Davy Jones. The only way Sparrow can destroy the cursed captain is to get the key to the "Dead Man's Chest", which contains Davy Jones' heart - an undertaking marked by numerous obstacles and dangers. |