Catalog
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| Issuer | Republic of the Marshall Islands |
|---|---|
| Year | 1993 |
| Type | Non-circulating coin |
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| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
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| Reverse script | Latin |
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| Edge | Reeded |
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| Additional information |
The Marshall Islands began issuing commemorative coinage in 1986 under a licensing arrangement that generated controversy almost immediately — critics noted the island nation had no meaningful numismatic tradition and that the program existed primarily as a revenue vehicle aimed at foreign collectors rather than domestic circulation. By the early 1990s, dozens of themes had been issued in rapid succession, diluting secondary market values significantly.
KM#117 was struck at the U.S. Mint's facilities under contract, as the Marshall Islands maintained no domestic minting capability.