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20 Dollars Dolphin
| Issuer | Palau |
|---|---|
| Year | 1998 |
| Type | Non-circulating coin |
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| Obverse description | Two facing mermaids, each wearing a floral crown and holding a trident, are depicted seated side by side on a rocky shoreline, their scaled fish tails prominently rendered in relief. The figures are presented in a classical allegorical style with fine detail on hair, scales, and drapery. The curved legend REPUBLIC OF PALAU arcs along the upper field, with the date 1998 to the right, all within a beaded border. The denomination 20$ appears in the lower field beneath the central design. |
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| Reverse script | Latin |
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| Additional information |
Palau began issuing legal tender coinage through a licensing arrangement after gaining independence in 1994, with the program administered almost entirely by foreign minting and marketing firms targeting the collector market rather than circulation. The 1998 dolphin issue was part of an early wave of large-format silver pieces produced under this framework, a model that generated significant revenue for the young republic while the coins themselves never touched Palauan commerce.