I just saw another 'coin' from Redonda Island. It is bimetallic and denomination is
20 Dollars..
And the event it commemorates is even funnier..Commonwealth Games in New Delhi (2010)..

Obverse shows the logo of the games, denomination and CoA

of Redonda Island
Reverse shows names of all those countries which have organized CW games so far and the year when they were held..

Indian government should learn something from Redonda Islands. We are still waiting for the official 2 and 5 rupees coins commemorating the CWG in New Delhi..

Aditya