5 Dollars Canadian National Tower

Palau has issued commemorative coinage under licensing arrangements since the 1990s, producing silver pieces for the collector market that bear no relation to the island nation's actual monetary circulation — the US dollar serves that function. This CN Tower issue belongs to a broader series of world landmark coins minted almost entirely for foreign buyers, predominantly Canadian collectors seeking novelty silver with a domestic subject.

The CN Tower held the title of world's tallest freestanding structure from its completion in 1976 until the Burj Khalifa topped it in 2010 — one year before this coin was struck.