Federated States of Micronesia   It got independence from US-administered UN Trusteeship on 03 November 1986. It comprises an area  of 702 km² (271 sq mi). The Federated States of Micronesia is an island nation located in the Pacific Ocean, northeast of Papua New Guinea. The country is a sovereign state in free association with the United States. The Federated States of Micronesia were formerly part of the Trust Territory of the Pacific Islands, a United Nations Trust Territory under US administration. In 1979 they adopted a constitution, and in 1986 independence was attained under a Compact of Free Association with the United States. Present concerns include large-scale unemployment, overfishing, and dependence on U.S. aid. Capital: Palikir. It consists of four states: Chuuk (Area: 127 km², Capital: Weno), Kosrae (Area: 110 km², Capital: Tofol), Pohnpei (Area: 346 km², Apital: Kolonia) and Yap (Area: 118 km², Capital: Colonia)     On May 10, 1979, four of the Trust Territory districts ratified a new constitution to become the Federated States of Micronesia. Palau, the Marshall Islands, and the Northern Mariana Islands chose not to participate. The FSM signed a Compact of Free Association with the United States of America, which entered into force on November 3, 1986, marking Micronesia's emergence from trusteeship to independence.     I purchased by $1 dated 2004 bi-metallic coin from Joel Anderson / Lila Cresci featuring Joseph John Urusemal, who was the president of Micronesia from 11th May 2003 to 11th May 2007. An addition of 40 bi-metallic designs were also minted each having the portrait of U.S. presidents with their ruling years.     Micro-Nations   Chiefa Coins