The Marshall Islands began issuing brass collector dollars in the early 1990s under authority granted by their 1986 Compact of Free Association with the United States, which established the nation's right to issue its own currency while still using the US dollar as legal tender. These pieces were produced for the collector market almost exclusively — circulation was never the point. KM#318 is one of dozens of thematic issues from this period, most struck by foreign mints on contract.
The Marshall Islands began issuing brass collector dollars in the early 1990s under authority granted by their 1986 Compact of Free Association with the United States, which established the nation's right to issue its own currency while still using the US dollar as legal tender. These pieces were produced for the collector market almost exclusively — circulation was never the point. KM#318 is one of dozens of thematic issues from this period, most struck by foreign mints on contract.