1 Dollar Crown

Palau has issued small-format gold pieces under its dollar denomination framework since the 1990s, leveraging a licensing arrangement with foreign mints — primarily in Austria and Germany — to produce collector bullion without maintaining any domestic striking capacity. The 0.5g weight places this squarely in the micro-gold category that gained commercial traction in the 2010s as spot prices made fractional sizes accessible to entry-level collectors.

Austrian Mint production under such arrangements typically guarantees the .9999 fineness through their LBMA-accredited refining process.