10 Vatu Saint Michael's Mount

Vanuatu's Reserve Bank has periodically issued small-denomination gold pieces aimed squarely at the collector and gift market rather than circulation — this half-gram format being a recurring vehicle for that purpose. Saint Michael's Mount, the tidal island off Cornwall, belongs to England's National Trust and is unconnected to Vanuatu by any historical, colonial, or monetary tie. Its appearance here reflects the standard licensing arrangements that allow Pacific island issuers to place foreign landmarks on legal tender with minimal friction.