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).
This coin is the first issue in the Colours of Australia series, and is titled Red Centre after the central part of Australia.
The Australian outback, often referred to as the Red Heart of Australia, owes its name to the red, dusty earth that characterises the landscape. This arid, remote region stretches across much of the continent and is home to a fascinating variety of animals, including kangaroos, emus, dingoes and various species of lizards and snakes. Despite the harsh conditions, the outback provides habitat for an amazing number of native species that have adapted to the extreme climatic conditions. |