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 premium bullion coin is part of an APMEX series featuring characters from the Godzilla movies, and is dedicated to Mechagodzilla.
APMEX says about it: Among the toughest of Godzilla's opponents is Mechagodzilla, a metallic doppelgänger of the King of the Monsters, who first appeared in the 1974 film "Godzilla vs. Mechagodzilla." It was designed to be a mass destruction combat robot for an alien invasion. Mechagodzilla is covered in a sleek, metal armor bristling with a number of lethal weapons, including laser beams, missile launchers and a force field. The physical features of the robot's design duplicate the monstrous body that Godzilla possesses, making it quite a frightful mechanical monstrosity.
Over the decades, later incarnations of Mechagodzilla presented it as a military weapon for humanity, with each new model more complex and powerful than its predecessor. Instead of being a villain with alien origins, it became mankind's best hope in defeating Godzilla. Its irresistible power combined with the advanced technology makes it a symbol of the blending of human ingenuity and the terrible potential of ambition gone out of control. |