20 Dollars - Elizabeth II Dugong

Tuvalu's 1994 dugong issue appeared during a period when the Pacific nation was actively leveraging its numismatic program as a primary revenue stream — the country's geographic isolation and minimal industrial base made collector coin sales a meaningful contributor to government income. The dugong itself was a deliberate choice, the species being native to the shallow reef waters surrounding the atolls and under increasing pressure from habitat loss across the Indo-Pacific.

KM#20 is catalogued among a run of Tuvaluan wildlife silvers that attracted steady collector interest in the early 1990s but rarely appear in circulation grades for the obvious reason that none ever circulated.