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.
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.