1 Dollar Golden Little Ghost

Palau has operated one of the most prolific and frankly unusual legal tender licensing programs in the world, authorizing foreign mints — primarily the Austrian Mint — to produce novelty bullion issues sold almost entirely to collectors outside the island nation. This piece belongs to that cottage industry. At 0.5 g of .9999 gold it contains a trivial quantity of the metal, which puts it squarely in the "mini gold" category that surged in popularity across European collector markets in the late 2010s.

KM#822 confirms catalog recognition, but Palau itself had no meaningful hand in the coin's production or distribution.