Catalog
5 Dollars Vreneli
| Issuer | Bank of Nauru |
|---|---|
| Year | 2010 |
| Type | Non-circulating coin |
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| Obverse description | The obverse displays the coat of arms of Nauru centrally positioned in the field, depicting a shield flanked by two frigate birds with a twelve-pointed star above and a flowering twig below, supported by a scroll. The legend BANK OF NAURU arcs along the upper periphery in raised Latin characters, while the date 2010 appears in the lower exergual area. The design is rendered in a proof-like finish with high relief against a smooth field. |
|---|---|
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| Reverse script | Latin |
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| Additional information |
The "Vreneli" is Switzerland's beloved 20-franc gold coin, struck continuously from 1897 to 1949 and briefly again in 1935 — one of the most recognizable bullion pieces in European history. Nauru's adoption of the design for a fractional gold issue is purely a licensing arrangement, part of a wave of Pacific island microstates issuing collector coins under their own authority with no meaningful connection to the depicted subject.
Nauru's monetary relationship with Australia makes a domestically circulating gold coin a legal fiction from the outset.