Catalog
| Issuer | Bank of Nauru |
|---|---|
| Year | 2010 |
| Type | Non-circulating coin |
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| Obverse description | Log in to see details |
|---|---|
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| Obverse lettering | 20th ANNIVERSARY REUNIFICATION GERMANY 1990 - 2010 25 DOLLARS |
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| Edge | Plain |
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| Additional information |
Nauru's numismatic program has long operated as a revenue mechanism for the island nation, with coins struck for collectors who will never set foot in the Pacific. This 2010 piece marks two decades since the Wirtschafts-, Währungs- und Sozialunion of July 1990 — the monetary union that preceded formal political reunification by three months and effectively absorbed the East German Mark at parity for wages and savings up to 6,000 marks, a rate economists at the Bundesbank fought strenuously and lost.
The tri-metal treatment — silver blanks with gold plating and platinum application — was a favored production style among private minting houses in the late 2000s, designed primarily to justify elevated issue prices.