Christmas Island has no monetary authority of its own — it uses the Australian dollar, making this "100 Dollars" denomination a fiction with no legal tender basis under any functioning currency system. These pieces are produced by private minting interests exploiting the island's territorial status as an exotic issuer name, sold directly to collectors at a markup bearing no relation to face value.
Christmas Island has no monetary authority of its own — it uses the Australian dollar, making this "100 Dollars" denomination a fiction with no legal tender basis under any functioning currency system. These pieces are produced by private minting interests exploiting the island's territorial status as an exotic issuer name, sold directly to collectors at a markup bearing no relation to face value.