5 Dollars Classic Cars - Model T Ford

The Marshall Islands began issuing commemorative dollar-denominated coinage in the late 1980s under authority granted by their 1986 Compact of Free Association with the United States, which established the republic's currency rights without requiring a functioning mint of their own — pieces were struck by contract facilities and have no circulation history whatsoever. This Model T entry is one of dozens in a sprawling Classic Cars series that the issuer produced throughout the 1990s, a period when thematic commemoratives from small Pacific nations flooded the collector market and subsequently collapsed in secondary value.