1 Dollar Nadezhda

The Gilbert Islands — now the core of the independent nation of Kiribati — ceased to exist as a named political entity in 1979, which makes any coin bearing that issuer name a deliberate anachronism. Issues attributed to the Gilbert Islands in the modern era are almost exclusively produced for the collector market, typically through licensing arrangements with private mints rather than through any governmental monetary authority in Tarawa.

The name Nadezhda refers to the Russian sloop that surveyed parts of Micronesia and the central Pacific in the early nineteenth century.