5 Dollars ECU

The ECU — European Currency Unit — ceased to exist on January 1, 1999, when it was replaced by the euro at a fixed 1:1 rate. Liberia's decision to strike ECU-denominated pieces in 2001, two years after the unit's official abolition, places this coin firmly in the collector novelty category rather than anything approaching monetary function. These were produced for the European commemorative market, capitalizing on nostalgia for a currency that never physically circulated as coinage in the first place.