Catalog
| Issuer | Bank of Nauru |
|---|---|
| Year | 2001 |
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| Reference(s) | KM#18 |
| Obverse description | The obverse presents the coat of arms of Nauru at center, depicting a traditional frigate bird perched atop a shield flanked by two palm frond branches, with a rising sun and the motto 'GOD'S WILL FIRST' on a scroll beneath. The field is matte-finished and shaped in the outline of the map of Germany, with a reeded border following the contours of the nation's silhouette. The curved legend 'BANK OF NAURU' arcs across the upper left field, while the date '2001' appears in the lower field beneath the arms. |
|---|---|
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| Reverse description | The reverse features a highly polished proof field shaped in the outline of the map of Germany, with a raised depiction of the iconic 1 Deutsche Mark coin at center left, showing the numeral '1' flanked by oak leaves, the legend 'DEUTSCHE MARK', and the date '2001'. To the right, a multi-line inscription commemorates the final issue of the German Mark. The face value '10 DOLLARS' is inscribed in large characters at the lower center, with the fineness mark '.999 SILVER' directly beneath. |
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| Additional information |
Nauru's late-1990s and early-2000s commemorative program was frankly a collector-market exercise, issuing coins tied to currencies facing extinction ahead of the eurozone conversion. This piece targets the Deutsche Mark specifically, which ceased to be legal tender on 31 December 2001 — the same year of issue. The Bank of Nauru had no monetary relationship with Germany; the pairing is purely commercial, aimed at German collectors anticipating the Mark's retirement after 53 years as West Germany's postwar monetary anchor.