Catalog
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| Issuer | Kiribati |
|---|---|
| Year | 1999 |
| Type | Non-circulating coin |
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| Obverse description | The national arms of Kiribati occupy the central field, depicted as a heraldic shield bearing a rising sun over ocean waves in the lower portion, surmounted by a frigate bird in flight. Below the shield, a scrolled ribbon cartouche carries the national motto TE MAURI TE RAOI AO TE TABOMOA in incuse lettering. The country name KIRIBATI and the date 1999 are inscribed in large raised letters along the lower rim. |
|---|---|
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| Reverse script | Latin |
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| Additional information |
Kiribati's gold coinage has always been issued for the collector market rather than circulation — the republic's functional currency is the Australian dollar, and domestic gold coin production serves purely as a revenue instrument through international numismatic sales. The 1999 program coincided with a broader Pacific island commemorative boom driven by the approaching millennium, when dozens of small sovereignties flooded the market with gold issues of questionable long-term collector demand.
KM#35 is among the thinner end of Kiribati's gold output in terms of secondary market activity.