Part of a broader series of miniature gold issues produced for the collector market in the late 2000s, this piece was struck under license rather than for any domestic monetary purpose — Vanuatu's actual circulating coinage bears no relationship to the denomination or imagery here. The Reserve Bank's name appears as issuer largely as a legal formality enabling the coin's status as official tender.
At half a gram, it falls into a category of fractional gold coins produced primarily by European minting houses seeking new markets after spot gold climbed past $900 in 2008.
Part of a broader series of miniature gold issues produced for the collector market in the late 2000s, this piece was struck under license rather than for any domestic monetary purpose — Vanuatu's actual circulating coinage bears no relationship to the denomination or imagery here. The Reserve Bank's name appears as issuer largely as a legal formality enabling the coin's status as official tender.
At half a gram, it falls into a category of fractional gold coins produced primarily by European minting houses seeking new markets after spot gold climbed past $900 in 2008.