A Pacific Island is raising revenue through legal tender coins with the Queen on one side and Disney characters on the other.
Niue struck a deal with the New Zealand Mint earlier this year to make collector’s editions of the island’s currency, ABC Radio Australia reports. Worth $6m Australian dollars (US$5.3m; £3.3m) over the next 10 years, it means that the island receives a royalty payment every time one of the newly-minted Mickey Mouse one-dollar Christmas coins is sold to a collector. Niue is a self-governing state associated with New Zealand with Queen Elizabeth the island’s monarch, and it’s her head that appears on the obverse of its coins.
Speaking to Radio Australia, Niue Premier Toke Talagi said that the coins raise Niue’s global profile, but probably wouldn’t result in a rush from numismatic tourists. It’s not the first time Niue has experimented with collectable coins. In 2011, the Queen was joined by the likes of Darth Vader in a range celebrating the Star Wars films.