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 - typically, one ounce of silver (abbreviated as 1 oz Ag, where "Ag" comes from the Latin word for silver, Argentum). Many of these feature movie characters. Some are also in innovative shapes, such as "Chibi".
Chibi (ちび or チビ) is a Japanese slang word describing something short (a thing, an animal or a person). The term is widely used to describe a specific style of caricature where characters are drawn in an exaggerated way: small and chubby, with stubby limbs and oversized heads. Coins of this type look like cartoon characters and have their corresponding shape; they are also very thick for their size.
The Mint says about this coin:
This coin showcases a Knight Templar, a warrior from the ancient, elite fighting force famed for their bravery, dedication, and piety. It forms part of our Warriors of History Chibi Coin Series.
The Templar is shown wearing his traditional white robes with a red cross, and ready for battle with a helmet and shield - also bearing the sign of the cross. This is a 1oz pure silver coin with the obverse side bearing the effigy of Her Majesty Queen Elizabeth II. This confirms that, despite its shape and colour, this is still a legal tender coin! The box has been designed with more imagery to complement the coin and a large window to make display a breeze. Inside, the coin is further protected by a specially made acrylic capsule. On the back of the box, you will find a Certificate of Authenticity and the coin’s unique serial number. | 
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