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 characters and themes from popular culture.
This coin is the first release in the Harry Potter Magical Creatures series, and features the phoenix Fawkes.
The mint says about it:
One of the most beloved aspects of the Wizarding World is the vast array of magical creatures that inhabit it. These creatures, both friend and foe, play a significant role in the Harry Potter saga. To honour these enchanting creatures, we introduce a new 1oz pure silver coin series called Magical Creatures, and the first release features the magnificent Phoenix, Fawkes!
The enchanting rectangular coin displays a frosted image of the noble and intelligent creature in all his splendour. Surrounding him is a beautifully engraved arch that can also be seen on the obverse, showcasing the high level of craftsmanship that went into the design. The background includes stunning fiery red hues to symbolise the phoenix bird and to add a striking visual contrast. The orange cubic zirconia stones are the perfect cherry on top!
It is created in partnership with Warner Bros. Consumer Products and is legal tender with the Public Seal of Niue stamped on the obverse. The box is protective and themed, making it easy to display this precious coin in your collection or any special place. Printed on the back are a Certificate of Authenticity and the coin’s unique serial number in the limited mintage of 2,000. | 
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