Catalog
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| Issuer | Bank of Nauru |
|---|---|
| Year | 2005 |
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| Currency | Dollar (1993-date) |
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| Obverse description | The obverse displays the coat of arms of the Republic of Nauru at center, featuring a quartered shield supported by two frigate birds with outspread wings, surmounted by a twelve-pointed star above a scroll inscribed 'NAOERO', and a lower scroll bearing the national motto 'GOD'S WILL FIRST'. The legend 'BANK OF NAURU' arcs along the upper periphery, with the date '2005' inscribed in the lower field. |
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| Reverse script | Latin |
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| Additional information |
Nauru issued a series of small-format gold pieces in the early 2000s honoring foreign statesmen, Schmidt among them. The island's capacity to issue commemorative coinage is itself a product of the phosphate boom that briefly made Nauru one of the world's wealthiest nations per capita — wealth largely exhausted by the time these pieces were struck.