5 Dollars Adler 1835

Liberia's late-1990s and early-2000s collector coin program was one of the more prolific — and commercially cynical — operations in modern numismatics. Produced almost entirely for the European and American collector market by foreign minting contractors, these issues had no meaningful circulation in Liberia itself, a country then emerging from a devastating civil war that had effectively collapsed its financial infrastructure.

The "Adler" designation refers to the German eagle-themed series marketed heavily through German mail-order dealers. The buyer was always the collector, never the Liberian economy.