Palau gained independence from U.S. administration in 1994, making this 1993 issue one of the first coins struck in anticipation of full sovereignty — produced before the Compact of Free Association had formally taken effect. The series was minted primarily for the collector market, as U.S. currency remained the practical medium of exchange on the islands and these pieces saw negligible circulation.
Palau gained independence from U.S. administration in 1994, making this 1993 issue one of the first coins struck in anticipation of full sovereignty — produced before the Compact of Free Association had formally taken effect. The series was minted primarily for the collector market, as U.S. currency remained the practical medium of exchange on the islands and these pieces saw negligible circulation.