10 Dollars Beauty and the Beast

Palau has issued commemorative silver rounds under its licensing agreements with major entertainment properties since the 1990s, exploiting its status as a sovereign issuer to produce legal-tender collector pieces with no expectation of circulation. The Disney licensing arrangement that covers this type is notably broad, allowing third-party minting houses — typically European — to produce these on Palau's behalf with only nominal involvement from the island nation itself.

KM#964 is a bullion-weight two-ounce piece aimed squarely at the themed collector market rather than numismatists proper.