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10 Dollars 2006 Pisa Tower
| Issuer | Bank of Nauru |
|---|---|
| Year | 2006 |
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| Composition | Log in to see details |
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| Thickness | 3.0 mm |
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| Obverse description | The national coat of arms of Nauru is rendered in high relief at the center of the coin, depicting a quartered shield bearing a frigate bird above a chemical retort in the dexter field and a flowering tomano branch in the sinister field, supported on either side by frigate bird wings. Above the shield, a twelve-pointed star symbolizing the twelve tribes of Nauru is displayed, surmounted by a scroll inscribed NAURU. Below the shield, a ribbon legend reads GOD'S WILL FIRST. The circular legend BANK OF NAURU arcs along the upper periphery, with the date 2006 prominently displayed in large numerals at the base of the field. |
|---|---|
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| Reverse script | Latin |
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| Additional information |
Nauru — eight square miles of phosphate rock in the central Pacific — briefly became one of the world's wealthiest nations per capita during the phosphate boom of the 1970s and 80s, then lost nearly everything through a combination of resource depletion and catastrophically mismanaged sovereign investment funds. By the 2000s, the government was issuing novelty collector coins almost exclusively for the foreign bullion market, a revenue stream that had nothing to do with domestic circulation and everything to do with staying solvent.
The applied gilt metal tower is the distinguishing feature of the KM#42 type — a three-dimensional attachment rather than struck relief.