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1 Dollar Fish and Coral - Platinum Essai

Issuer Palau
Year 1994
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Value 1 Dollar (1 USD)
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Reverse description The reverse features an elaborate engine-turned guilloche pattern covering the entire field, composed of interlocking diagonal grid lines forming a spherical, three-dimensional optical effect. A plain rectangular cartouche is set horizontally across the center of the field, bearing in two lines the essai designation and fineness specification. The border is defined by a closely reeded rim.
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Edge Reeded
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Additional information

Palau only gained the authority to issue its own coinage in 1994 following a Compact of Free Association arrangement with the United States, making this platinum essai one of the earliest numismatic pieces struck under Palauan authority. Essais of this type were produced in extremely limited quantities as presentation or test strikes, typically for submission to monetary authorities or for collector distribution, and were never intended for circulation.

The choice of platinum at .999 fineness for a first-year essai is unusual and suggests the series was positioned aggressively toward the high-end collector market from the outset.

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