5000 Pesetas Freedom, Sovereignty, Peace

Western Sahara has no functioning mint, no recognized government with international consensus, and no circulating coinage — which is precisely why these issues exist. Produced commercially for the collector market under the nominal authority of the Sahrawi Arab Democratic Republic, the SADR has used coin licensing as a minor revenue stream since the 1990s, with production contracted to private minting operations in Europe. The political entity behind this coin controls refugee camps in southwestern Algeria, not the territory whose name it bears.