Silver Ounce 2023 Magnum Opus, Coin from Niue - detailed information

Silver Ounce 2023 Magnum Opus, Coin from Niue
CoinSilver Ounce 2023 Magnum Opus

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 is the second design in the Magnum Opus series of premium bullion coins by the Pressburg Mint, and the first one issued for Niue (the first edition was for Tokelau). The coins in the series have a new design every year and are about the beauty of mathematics.

The mint says about it:
Mathematics is the language of nature and the Golden Ratio has baffled scientists for centuries. Showing up everywhere from snail shells to financial markets and all the way to galaxies, this peculiar law of nature seeps into everything.

MintPressburg Mint Mint MarkNo mint mark Total Mintageunknown
Obverse
Niue / Silver Ounce 2023 Magnum Opus - obverse photo

The obverse of the coin features the (unofficial) "Public Seal of Niue". It has what looks like a plant arrangement at centre, within a double ornamental circle, itself surrounded by a circle of sea shells. This is crowned with St Edward's Crown (a symbol of the United Kingdom, the monarch of which is ultimately the Head of State of Niue).

Around above between the two, the inscription PUBLIC SEAL OF NIUE. Below that, a ribbon carries the motto ATUA NIUE TUKULAGI on two lines, below which two crossed katoua (Niue fighting clubs).

Around above, the name of the country and the date of issue: NIUE 2023. Around below, the face value 2 DOLLARS.

Obverse Inscription NIUE 2023 2 DOLLARS
Reverse
Niue / Silver Ounce 2023 Magnum Opus - reverse photo

The reverse design shows a number of geometric patterns illustrating the "golden ratio". In a square in the centre, the inscription MAGNUM OPUS.

Above right, the precious metal content 1 oz Ag 9999 (one troy ounce of 99.99% silver; Ag is abbreviated from Argentum, the Latin word for silver).

Reverse Inscription MAGNUM OPUS 1 oz Ag 9999
EdgeMilledEdge InscriptionNone
Notes

Silver content (Troy oz.): 1.000
Finish: bullion (Brilliant Uncirculated).
Issue price: 31.00 EUR

Mintage limit: 100,000 bullion (Brilliant Uncirculated) coins and 1,000 proofs.

Mintage of these coins seems to be "on demand". The company announces on its web site the mintage limit of the coin, and the number of currently minted coins.

As of 5 March 2023, there were 4 minted bullion coins.

See also

Coins in the Magnum Opus series include:
- 1 oz Gold, Magnum Opus, Tokelau 2022
- 1/10 oz Gold, Magnum Opus, Tokelau 2022
- 1 oz Silver, Magnum Opus, Tokelau 2022
- 1 oz Gold, Magnum Opus, Niue 2023
- 1/10 oz Gold, Magnum Opus, Niue 2023
- 1 oz Silver, Magnum Opus, Niue 2023

Silver Ounce 2023 Magnum Opus: Known varieties
Variety Proof with crystal inserts
Images Niue / Silver Ounce 2023 Magnum Opus / Proof with crystal inserts - obverse photo Niue / Silver Ounce 2023 Magnum Opus / Proof with crystal inserts - reverse photo
Mintage Issued: unknown
Details

Proof coin with four Swarovski crystals. Packaged in a gift box, with a Certificate of Authenticity.

Issue price: 87.00 EUR

As of 5 March 2023, there were 4 minted coins of this kind.

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Royal Mint
Royal Mint
Silver Ounce 2023 Magnum Opus: Details
CountryNiue
CurrencyNiue Dollar
Coin TypeSilver Ounce (1 oz), Bullion
Issued2023
MonarchKing Charles III
EffigyPublic Seal of Niue
Face Value2 (x Dollar)
Mintageunknown
Mintage Limit101,000
CurrentYes
Material0.9999 Silver
TechnologyMilled (machine-made)
ShapeRound
OrientationMedal Alignment (Axis 0)
Size38.000 mm
Thickness2.800 mm
Mass31.310 g
OCC IDANMQ-OPYC-DXMB-EJYG
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Silver Ounce 2023 Magnum Opus: Photos
ImageDetails
Magnum Opus 2023 | 1oz Silver 9999 | Bullion
Copyright: Pressburg Mint
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Magnum Opus 2023 | 1oz Silver 9999 | Bullion
Copyright: Pressburg Mint
Source
Magnum Opus 2023 | 1oz Silver 9999 | Proof
Copyright: Pressburg Mint
Source
Magnum Opus 2023 | 1oz Silver 9999 | Proof
Copyright: Pressburg Mint
Source