1 Dollar President Henry

The Federated States of Micronesia has no domestic coinage tradition of its own — the nation has used U.S. dollars as its official currency since independence, a condition baked into its Compact of Free Association with Washington. Issues like this one are produced for the collector market rather than circulation, typically contracted through private minting operations with no connection to day-to-day commerce on Pohnpei, Chuuk, Yap, or Kosrae.

The X# prefix in the Krause reference system designates it as an unofficial or fantasy issue — outside the main catalog of government-sanctioned monetary coinage.