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, or are based on the troy ounce - for example, three ounces of silver (abbreviated as 3 oz Ag, where "Ag" comes from the Latin word for silver, Argentum).
The Pinocchio coin is the first issue in the Disney Cinema Masterpieces series by the New Zealand Mint.
The Mint says about it:
The 1940 Disney cinema masterpiece Pinocchio is immortalised on this large 3oz pure silver coin! The film had its world premiere in New York on 7 February 1940 and has been described as the most beautifully realised and technically perfect of all the Disney animated movies. The coin features a coloured image of Pinocchio and Geppetto along with a montage of stills from the movie on an engraved silver film roll.
Each coin is placed in a high-quality box, which features a delightful image of Pinocchio with Jiminy Cricket. Once open, the coin pops out of the black velvet encasing it. The Certificate of Authenticity can be found on the back of the box, which confirms the coin as legal tender. Therefore, it also has a mintage - which in this case has been set at just 2,000 coins. | 
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