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5 Dollars Vatican

Issuer Northern Mariana Islands (United States)
Year 2004-2005
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Currency Dollar
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Obverse lettering COMMONWEALTH OF THE NORTHERN MARIANA ISLANDS
5 DOLLARS
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Reverse lettering CITTA DEL VATICANO 2004
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Additional information

The Northern Mariana Islands, a U.S. commonwealth since 1978, have no independent monetary authority and issue no circulating coinage — these gold pieces are purely a licensing arrangement, produced by private mints exploiting the territory's nominal status to attach a face value to bullion items. The Vatican subject matter has no administrative connection to the issuing territory whatsoever.

Collector scrutiny of this series is warranted: face value bears no relationship to intrinsic or market value, and the "issuer" exercised no meaningful control over production.

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