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50 Vatu History of Gold

Issuer Reserve Bank of Vanuatu
Year 1998
Type Non-circulating coin
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Obverse description The national coat of arms of Vanuatu occupies the central field, depicting a warrior in traditional dress holding a spear and a ceremonial club, standing before a boar's tusk and two crossed namele fern fronds, all within a circular device. A ribbon at the base bears the national motto in Bislama. The date 1998 appears in the upper field above the arms. The legend RIPABLIK arcs along the left rim and BLONG along the right rim, with VANUATU inscribed along the lower rim, together forming the Bislama rendering of the republic's name.
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Edge Reeded
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Additional information

Part of a broad wave of small-format gold issues produced for the collector market in the late 1990s, when numerous Pacific island nations leased their minting authority to produce low-mintage bullion and commemorative pieces with nominal face values bearing no relation to metal content. Vanuatu itself has no domestic gold mining industry — the coin's composition is entirely a collector conceit.

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