2 Dollars Pegasus and Tanit

Palau has operated as a prolific novelty bullion issuer since the 1990s, licensing its monetary authority to European minting houses — primarily in Germany and Austria — that produce themed collector pieces for the global commemorative market. This coin was almost certainly struck by a contracted private mint rather than any Palauan facility; the island nation has no domestic mint infrastructure.

Gold-plated .999 silver issues of this type occupy an uncomfortable position: too manufactured for serious numismatic interest, yet bought regularly by thematic collectors drawn to the mythology pairing.