Palau has operated a prolific commemorative coin program since the mid-1990s, issuing hundreds of collector pieces with no meaningful domestic circulation — the republic's actual monetary needs are met by the US dollar. This piece belongs to that output: a souvenir instrument with a face value that bears no relationship to its production cost or collector price.
Palau has operated a prolific commemorative coin program since the mid-1990s, issuing hundreds of collector pieces with no meaningful domestic circulation — the republic's actual monetary needs are met by the US dollar. This piece belongs to that output: a souvenir instrument with a face value that bears no relationship to its production cost or collector price.