1 Dollar - Elizabeth II Lion Fish

Tuvalu's dollar-denomination silver issues are produced under a licensing arrangement with the Perth Mint, which has used the Pacific island nation's issuing authority since the 1990s as a vehicle for themed bullion and collector series. The lionfish issue belongs to a broader marine life run targeting the global bullion collector market rather than anything connected to Tuvaluan monetary policy — the country's actual circulating currency is the Australian dollar.

Perth's .9999 fineness on this series was a deliberate step above the .999 floor standard, introduced to compete directly with the Royal Canadian Mint's fine silver program.