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½ Minim Gaferut

Issuer Federated States of Micronesia
Year 2007
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Weight 1 g
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Obverse script Latin
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Reverse lettering GAFERUT
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Additional information

The Federated States of Micronesia issued a series of wooden coins in the mid-2000s under a broad program of novelty legal tender, the gaferut being among the more obscure denominations. Gaferut is an uninhabited coral atoll in Chuuk State — no permanent population, no infrastructure, no economic activity of any kind. The denomination is effectively fictional in practical terms.

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