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5 Dollars Rudolph the Red-Nosed Reindeer
| Issuer | Government of Kiribati |
|---|---|
| Year | 2014 |
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| Reference(s) | KM#79 |
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|---|---|
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| Reverse description | The reverse presents a fully gilt reindeer — Rudolph — standing in three-quarter view against a polished proof field depicting a wintry nocturnal landscape with snow-laden conifer trees and hoofprints in the foreground snow. The figure of Rudolph is rendered in fine relief with selective gold gilding, and his iconic nose is represented by an applied red crystal cabochon. A beaded inner border frames the design. The legend RUDOLPH THE RED-NOSED REINDEER arcs along the upper left periphery in serif lettering, and the denomination 5$ appears in the lower right field. |
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| Reverse lettering | Rudolph the Red-Nosed Reindeer 5$ |
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| Additional information |
Kiribati, a Pacific microstate with no meaningful numismatic tradition of its own, has long licensed its sovereign authority to issuing houses — in this case almost certainly the Perth Mint or a European bullion program — producing coins that will never circulate within the country's borders. This piece is a collector product in the strictest sense, designed entirely for the holiday gift and novelty bullion market.
The partial gilding technique applied here became a standard upsell feature on commemorative silver issues from roughly 2010 onward, adding marginal production cost while significantly increasing retail premium.