20 Dollars Washington

Palau has operated as a prolific licensing jurisdiction for novelty bullion since the 1990s, contracting private mints — predominantly in Europe — to produce oversized silver pieces bearing its name with minimal connection to the island nation itself. This piece is one such product: a large-format silver round issued under Palauan authority primarily for the collector bullion market, where the $20 face value carries no practical monetary function for a country that uses the US dollar.