50 Cents 100th Anniversary of the Titanic

Redonda is an uninhabited volcanic rock in the Caribbean, roughly one square kilometer, with no government, no population, and no monetary system. Its coin-issuing "authority" is a literary fantasy title — the self-styled Kingdom of Redonda is a whimsical tradition passed between British writers since the 1880s. Coins issued in its name are novelty items produced for the collector market, with no legal tender status anywhere.

The steel composition confirms a low-cost commemorative run typical of this fantasy issuer category.