5 Dollars French Rooster

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.