2 Dollars Year of the Horse

Palau's lunar series coins are struck under license arrangements typical of the Pacific island mint-state model — the nation holds no meaningful silver reserves and conducts no minting operations of its own, with production contracted to foreign private mints serving the collector bullion market. The 2014 horse issue corresponds to the Year of the Horse in the sexagenary cycle, a year that also saw unprecedented demand for Chinese-themed numismatic products driven by mainland collector expansion into Pacific-issued silver.