200 Dollars Shark

Palau's gold issues of the late 1990s were produced under a licensing arrangement common among small Pacific island nations with no meaningful domestic coinage infrastructure — the physical minting was contracted out while Palau supplied the legal authority to strike. This particular piece belongs to a marine life series timed to coincide with growing international interest in reef conservation, though the coins were sold exclusively to the collector market and never approached general circulation.

KM#47 is among the scarcer of the Palauan gold issues from this period by reported mintage.