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 - for example, two ounces of silver (abbreviated as 2 oz Ag, where "Ag" comes from the Latin word for silver, Argentum).
This coin is part of the Mandala Collection and features a Mandala Owl.
Mandala bears a powerful symbolism and is interpreted as the model of the Universe, and its complicated structures convey the sense of harmony and calmness. In this coin, mandala is combined with another special symbol, the owl, which symbolizes wisdom and also mystery and mysticism. | 
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