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5 Dollars - Elizabeth II King Nikolai II

Issuer Bank of Nauru
Year 2011
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Currency Dollar (1993-date)
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Obverse script Latin
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Reverse description A bearded right-facing bust of Tsar Nicholas II of Russia occupies the central field, rendered in high relief with finely detailed hair and beard. The legend 'NIKOLAUS II' arcs along the upper rim. To the left of the bust appears a wheat ear motif, and to the right an oak branch, both serving as decorative flanking devices. The date '2011' and denomination '5$' are inscribed in the lower field to either side of the bust, while the curved inscription '1/2 G .9999 FINEST GOLD 5 DOLLARS' runs along the lower rim.
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Additional information

Nauru has no meaningful historical connection to Nicholas II, and this issue belongs firmly to the modern commemorative bullion market — a category where Pacific micro-states with minimal numismatic infrastructure have long licensed their sovereign issuing authority to foreign minting houses, primarily Austrian and Australian operators. The coin's gold fineness and fractional weight place it squarely in that commercial pipeline rather than any national monetary program.

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