10 Dollars Lotus

Palau has issued commemorative silver under its own authority since 1992, despite having no independent central bank — the country uses the US dollar for all domestic transactions and mints nothing for circulation. These issues exist purely for the numismatic export market, produced under licensing agreements with private minting companies, typically in Europe.

KM#945 is one of dozens of thematic releases Palau has authorized in recent years, a program that generates government revenue through collector premiums rather than seigniorage.