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 silver bullion coin is part of a European Mint range featuring symbols of the British Isles, and pays tribute to Hibernia - the female personification of Ireland.
With her spear and harp, Hibernia stands strong as the female personification of Ireland. If you visit Dublin, be sure to check out the Bank of Ireland, where the most famous statue of Hibernia is located. The neo-classical building features three stone figures atop the pediment of the southern portico. On the left is the personification of Fidelity, while on the right we see the personification of Commerce. And then in the center sits the great Hibernia as she holds an olive branch. |