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10 Dollars - First anniversary of the Euro
| Issuer | Bank of Nauru |
|---|---|
| Year | 2003 |
| Type | Log in to see details |
| Value | 10 Dollars |
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| Composition | Log in to see details |
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| Diameter | Log in to see details |
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| Obverse description | The national coat of arms of Nauru occupies the central field, featuring a shield supported by two frigate birds, with a phosphite rock and flowering plant depicted on the shield and the national motto GOD'S WILL FIRST inscribed on a ribbon below. The legend BANK OF NAURU arcs along the upper periphery, while the date 2003 is positioned in the lower field beneath the arms. |
|---|---|
| Obverse script | Log in to see details |
| Obverse lettering | Log in to see details |
| Reverse description | Log in to see details |
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| Reverse lettering | 2003 - FIRST ANNIVERSARY OF THE EURO 10 DOLLARS |
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| Additional information |
Nauru issued this piece through its long-running arrangement with coin marketing firms — the island nation has no meaningful domestic coin market and produced virtually no circulating coinage, making its commemorative program essentially a licensing operation aimed at international collectors. The euro's first anniversary in 2003 gave promoters a topical hook.
At 1.24 g, the gold content is fractional by design — enough to justify the "gold coin" designation while keeping production costs and retail price accessible. KM#20 is one of several Nauruan issues from this period that share the same fractional format.