Catalog
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| Issuer | Bank of Nauru |
|---|---|
| Year | 2003 |
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| Shape | Round |
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| Obverse description | The central field displays the national coat of arms of Nauru, featuring a traditional frigate bird with outspread wings flanking a quartered shield bearing a star and a phosphate mining pattern, with a flowering branch at the base. A scroll beneath the shield bears the national motto 'GOD'S WILL FIRST' in raised Latin lettering. The name 'NAOERO' appears on a ribbon above the shield within the arms. The issuer legend 'BANK OF NAURU' arcs along the upper rim in large raised letters, and the date '2003' is prominently inscribed in the lower field. |
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| Obverse script | Latin |
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| Additional information |
Nauru's early 2000s collector issues were produced almost entirely for the export numismatic market — the island's own monetary system relied on Australian dollars, leaving these pieces with no domestic circulation function whatsoever. The Reichstag subject reflects the broader European commemorative licensing trend of that period, in which Pacific island micro-states issued coins depicting foreign landmarks under agreements that generated hard currency revenue for governments with few other export options.