50 Córdobas Ferdinand Magellan

Nicaragua has issued a long-running series of fractional gold pieces honoring explorers, and Magellan's inclusion is historically pointed — his 1519–1522 expedition was the first to circumnavigate the globe, though Magellan himself was killed in the Philippines in April 1521 before the voyage was completed. The Victoria, under Juan Sebastián Elcano, carried the surviving eighteen men back to Seville.

At 0.5 grams of .9999 fine gold, these are among the smallest modern bullion issues produced under official central bank authority in the Americas.