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10 Vatu John F. Kennedy

Issuer Reserve Bank of Vanuatu
Year 2017
Type Non-circulating coin
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Reverse lettering 100TH ANNIVERSARY JOHN F. KENNEDY 10 VATU
Edge Reeded
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Additional information

Vanuatu has issued a long series of small-format gold pieces nominally denominated in vatu but priced entirely for the collector market — the 10 vatu face value bears no relationship to the gold content or the domestic economy. Kennedy appears on this issue as part of a recurring international figure program, a revenue-generating mechanism the Reserve Bank of Vanuatu has employed since the 1990s. The underlying monetary authority is real; the numismatic rationale is thin.

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