100 Dollars - Leonard I Seoul Olympics

The Principality of Hutt River was a self-declared micronation in Western Australia, established in 1970 when farmer Leonard Casley seceded from Australia in a dispute over wheat production quotas. It issued coins and notes as part of an ongoing assertion of sovereignty, though none were recognized as legal tender by any established government. This piece was produced for the 1988 Seoul Olympics — a recurring format among micronations of the period, which used major sporting events as a commercial hook for bullion and collector issues sold internationally.

The enormous silver content made these items de facto bullion products marketed through coin dealers rather than anything approaching circulation coinage.