Why are licensed coins issued by small island nations? Because legal tender status requires a sovereign issuer, and several small nations license that authority to world mints. It is what separates a legal tender coin from a privately produced medal, and it is why so much licensed coinage carries the name of a country it was never struck in.

The issuing authority and the producer are different roles. Niue is the most common issuer in this catalogue, while the physical striking is typically done by houses such as Agoro by NZ Mint. Browse by mint to filter on the producer instead.

The catalogue covers 25 issuing countries. United States entries are largely Disney Dollars and domestic notes rather than struck coins.