10 Vatu Taenaris bioculatus

Taenaris bioculatus, the butterfly whose wings anchor this coin's subject matter, is native to the rainforests of New Guinea and the Maluku Islands — not Vanuatu. The Reserve Bank issued this as part of a broader wildlife series clearly targeting the collector market rather than domestic circulation, with the silver plating and 31.1g specification consciously mimicking the dimensions of a standard bullion ounce to appeal to international buyers.