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1 Dollar Dolphin, Gold Proof Issue

Issuer Palau
Year 2004
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Shape Round
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Obverse description A seated mermaid depicted in three-quarter view occupies the central field, her fish-tail draped over a rocky outcropping amid stylized marine vegetation, flanked on either side by a leaping dolphin. The denomination '1$' appears in the upper left field. The curved legend 'REPUBLIC OF PALAU 2004' arcs along the upper periphery within a beaded border encircling the entire design.
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Reverse description A realistically rendered portrait of a dolphin emerging head-first from stylized ocean waves occupies the central field, depicted in fine relief against a horizontally striated background evoking the sea surface. The curved legend 'MARINE LIFE PROTECTION' arcs along the upper periphery within a beaded border, forming part of Palau's ongoing Marine Life Protection commemorative series.
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Additional information

Palau's late-1990s and early-2000s gold dollar program was essentially a product of the novelty bullion market — tiny fractional pieces issued primarily for collector sets, with minimal genuine circulation intent. The country adopted the U.S. dollar as its official currency upon independence in 1994, which left it without a domestic mint infrastructure and dependent entirely on foreign striking facilities, in this case the work going through intermediary distributors rather than a sovereign mint.

KM#100 is part of a broader marine-themed series that leaned heavily on Palau's reputation as a Pacific dive destination to drive collector interest abroad.

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