Catalog
50 Dollars 1996 Olympics
| Issuer | Bank of Nauru |
|---|---|
| Year | 1994 |
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| Orientation | Medal alignment ↑↑ |
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| Obverse description | The national arms of Nauru occupies the central field, depicting a quartered shield bearing a traditional dwelling and a frigatebird in the upper quarters, and a phosphate mining symbol with tropical flowers in the lower quarters, all surmounted by a scroll inscribed NAOERO and flanked by two frigate bird feathers. A ribbon below the shield bears the national motto GODS WILL FIRST. The circular legend BANK OF NAURU arcs around the upper periphery, with the date 1994 in large numerals at the base. |
|---|---|
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| Edge | Reeded |
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| Additional information |
Nauru — a phosphate-stripped island of roughly 10,000 people with no meaningful gold mining tradition — issued this piece as a frankly commercial venture, one of dozens of small Pacific nation coinages produced through the 1990s primarily for the collector and investor market rather than any domestic circulation. The 1996 Atlanta Games generated a flood of such issues from issuing authorities with no connection to the Games whatsoever. Legal tender status was nominal at best.