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20 Dollars Nancy Reagan

Issuer Liberia
Year 2003
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Currency Dollar (1943-date)
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Obverse script Latin
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Reverse description Foreground features a draped bust of Nancy Davis Reagan facing slightly left, rendered in high relief. To the right and slightly behind her appears a smaller circular portrait of President Ronald Reagan, also facing left. The series legend AMERICA'S FIRST LADIES arcs along the left rim, while the denomination TWENTY DOLLARS curves along the lower rim. The identification legend NANCY DAVIS REAGAN and the years of her tenure as First Lady, 1981-1989, appear in the upper field above the busts.
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Liberia ran an aggressive commemorative program in the early 2000s, licensing foreign designs and issuing silver pieces in bulk for the collector novelty market. These were never intended for domestic circulation and were largely sold through international distributors and home-shopping channels. The program generated hard currency for a government then barely functioning under Charles Taylor, who was indicted by the Special Court for Sierra Leone that same year.

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