Palau began issuing novelty collector dollars under a licensing arrangement in the 1990s, with much of the actual distribution handled by foreign marketing firms rather than the Republic's own treasury. The Nautilus issue is part of that broader program — coins legal tender in Palau but produced primarily for the international collector market, never intended to circulate on the islands.
Palau began issuing novelty collector dollars under a licensing arrangement in the 1990s, with much of the actual distribution handled by foreign marketing firms rather than the Republic's own treasury. The Nautilus issue is part of that broader program — coins legal tender in Palau but produced primarily for the international collector market, never intended to circulate on the islands.