5 Dollars Cologne Cathedral

Liberia's commemorative dollar series of the late 1990s and early 2000s was produced almost entirely for the collector export market, with virtually no pieces entering domestic circulation in a country then consumed by the Second Liberian Civil War. The Cologne Cathedral piece is one of dozens of world-landmark issues struck during this period, all contracted through foreign minting intermediaries and sold via overseas distributors.

KM#440 is copper-nickel, not silver — a distinction that significantly affects secondary market pricing, as many buyers conflate it with the silver-washed variants that circulated through the same distribution channels simultaneously.