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5 Dollars Bottle-Nose Dolphin

Issuer Republic of Palau
Year 1998
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Value 5 Dollars (5 USD)
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Obverse description Central field depicts a standing figure of Neptune (Poseidon), draped at the waist and holding an upright trident in his right hand, positioned to the right of a large three-masted sailing vessel rendered in fine detail. The scene is set against a stylised horizon line suggesting open sea, with the lower portion of the field forming a semicircular waterline. A beaded border frames the entire design. The curved legend REPUBLIC OF PALAU arcs across the upper field, flanked by the date 1998 to the right, while the denomination 5$ appears in the lower exergue.
Obverse script Latin
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Additional information

Palau's 1990s wildlife silver program was built almost entirely for the collector export market — the islands had no meaningful domestic coin circulation, and these pieces were sold directly to foreign distributors. KM#27 is part of that first wave of issues from a mint relationship that made Palau one of the more prolific small-nation commemorative issuers of the decade, producing more distinct coin types per capita than nearly any sovereign state.

The .900 fineness is slightly below the more common .999 used by later issues in the series, a specification choice that traces to the original contract terms with the minting facility rather than any domestic monetary policy.

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