10 Dollars Konrad Adenauer

Nauru's gold collector series from the mid-2000s occupies a peculiar niche: the island nation, whose economy had effectively collapsed following the exhaustion of its phosphate deposits, was issuing numismatic gold pieces bearing the likenesses of foreign statesmen as a revenue instrument. Adenauer's inclusion is unsurprising — he remains West Germany's most internationally legible postwar figure — but the coin has no organic connection to Nauru itself.

The issue targets the German collector market directly.