Catalog
5 Dollars French Rooster
| Issuer | Bank of Nauru |
|---|---|
| Year | 2010 |
| Type | Non-circulating coin |
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| Obverse description | Central device features the coat of arms of Nauru, depicting a quartered shield with a frigatebird, a star, and traditional motifs, flanked by two frigate birds with outstretched wings serving as supporters, and a scroll below. The circular legend BANK OF NAURU arcs around the upper field, with the date 2010 inscribed in the lower field beneath the arms. The design is rendered in fine relief against a polished field. |
|---|---|
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| Obverse lettering | BANK OF NAURU 2010 |
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| Additional information |
Nauru's gold rooster issues belong to a wave of fractional bullion coins produced for the international collector market in the late 2000s, when sub-gram gold pieces became commercially viable for Pacific island issuing authorities with minimal domestic monetary infrastructure. Nauru itself has no central bank in the conventional sense — the Bank of Nauru collapsed operationally in the early 2000s following the country's broader financial crisis, which saw the island nation lose nearly its entire sovereign wealth fund through a series of catastrophic overseas investments.
These pieces were struck under contract and never circulated on the island.