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10 Dollars - Elizabeth II Euro Coinage
| Issuer | Bank of Nauru |
|---|---|
| Year | 2002 |
| Type | Non-circulating coin |
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|---|---|
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| Reverse description | The reverse, sharing the map-shaped flan, features a centrally placed partially gold-plated reproduction of the common reverse design of the 1 Euro coin, depicting the globe set against a background of transverse lines with the twelve stars of Europe surrounding it, rendered in proof finish with selective gilding highlighting the design. The face value 10 DOLLARS and the purity inscription .999 PURE SILVER are inscribed in the field, along with the commemorative legend 2002 - FIRST ISSUE OF THE EURO arcing across the upper portion of the reverse. |
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| Edge | Plain |
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| Additional information |
Nauru's euro-denominated collector series from the early 2000s was produced specifically for the European market ahead of and following the euro's physical introduction in January 2002. The Bank of Nauru had no domestic circulation economy to speak of — the island's finances were already in freefall following the collapse of phosphate revenues — making these purely a foreign exchange revenue play aimed at European coin collectors.
KM#13 sits in a series that leaned heavily on the euro transition as a marketing hook, a strategy employed by several Pacific island nations with no connection to the eurozone whatsoever.