5 Dollars Werewolf

Kiribati's coinage has almost no domestic monetary function — the island nation's economy runs largely on Australian dollars — making issues like this purely collector-targeted from the outset. The "Werewolf" belongs to a wave of horror and mythology-themed silver rounds that flooded the numismatic market through the mid-2010s, with small Pacific and Caribbean sovereignties licensing their minting authority to European producers, primarily Powercoin and B.H. Mayer's Mint in Germany.

KM#105 was struck under that arrangement. Kiribati itself had no hand in the design or distribution.