Catalog
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| Issuer | Republic of Palau |
|---|---|
| Year | 2012 |
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| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Log in to see details |
| Weight | 14.175 g |
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| Obverse description | The obverse displays the coat of arms of the Republic of Palau in the center field, depicting a traditional shield charged with a figure of Poseidon seated beside a female figure, a crescent moon, and a star, enclosed within an ornate wreath. Above the shield, a Palauan outrigger canoe under sail is shown in the upper field. Eight five-pointed stars are arranged in an arc to either side of the central device. The curved legend REPUBLIC OF PALAU arcs along the upper periphery, the inscription RAINBOW'S END appears below the shield, and the denomination 2$ is incused in the lower field. |
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| Obverse lettering | REPUBLIC OF PALAU RAINBOW'S END 2$ |
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| Additional information |
Palau's heart-shaped coin series, of which this is one installment, exploited a legal provision allowing the island republic to issue commemorative currency under its 1994 Coinage Act — legislation passed largely to generate collector revenue rather than circulating money. Palau has no central bank in the conventional sense; the US dollar circulates domestically, leaving the entire national minting program as a fiscal instrument aimed squarely at the international novelty market.
KM#433 is one of several heart-shaped issues from this period, all struck at the same 14.175g specification to fit standard shaped-planchet tooling used by third-party minting contractors in Europe.