Tuvalu's Olympic commemorative program in the 1990s was produced under the Pacific Coin Company arrangement, which explains the unusually low silver fineness — .500 was a cost-cutting specification that kept retail prices accessible for the collector market rather than bullion buyers. The KM#37 issue was struck by the Perth Mint on behalf of the Tuvalu government, which had no domestic minting infrastructure of any kind.
Tuvalu's Olympic commemorative program in the 1990s was produced under the Pacific Coin Company arrangement, which explains the unusually low silver fineness — .500 was a cost-cutting specification that kept retail prices accessible for the collector market rather than bullion buyers. The KM#37 issue was struck by the Perth Mint on behalf of the Tuvalu government, which had no domestic minting infrastructure of any kind.