50 Dollars - Leonard I Inauguration of Bill Clinton

Hutt River Province — formally the Principality of Hutt River — was a self-declared micronation in Western Australia that seceded from the Commonwealth in 1970 under Leonard Casley, who styled himself Prince Leonard I. It was never recognized by Australia, but that didn't stop it from issuing currency with surprising regularity. This piece commemorates Bill Clinton's January 1993 inauguration, a geopolitical event that had precisely nothing to do with Hutt River, which is the point — Leonard issued coins on virtually any occasion that might attract collector interest internationally.

At just over four troy ounces of .999 silver, it was priced and marketed as a bullion collectible rather than anything approaching circulating coinage.