1 Dollar Statsraad Lehmkuhl

The Statsraad Lehmkuhl is a three-masted barque built in 1914 in Bremen for the German Imperial Navy as a training vessel, originally named the Grossherzog Friedrich August. Seized by Norway as war reparations in 1923, she was purchased by the Bergen shipowner Kristoffer Lehmkuhl and donated to a Norwegian nautical training foundation — a transaction that kept her sailing when most of her contemporaries were scrapped.

The Gilbert Islands issue is a privately licensed collector product with no connection to any genuine Gilbert Islands monetary authority, which ceased to exist when the territory became Kiribati in 1979.