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5 Dollars - Charles III Dragon and Phoenix

Issuer Tuvalu
Year 2024
Type Non-circulating coin
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Obverse script Latin
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Reverse description A richly coloured, intricately detailed composition in the East Asian artistic tradition depicting a sinuous turquoise-scaled dragon and a resplendent phoenix entwined in dynamic confrontation across the entire field. The dragon, rendered in shades of blue, green, and gold, coils its scaled body around the lower and left portions of the design, its clawed feet extended and its head raised toward a luminous pearl at the centre. The phoenix occupies the right and upper portions, its elaborate plumage displaying vibrant hues of red, gold, teal, and purple, with flowing tail feathers sweeping upward. A blooming pink peony blossom is set between the two creatures near the upper centre, symbolising prosperity and harmony, while stylised clouds and waves in antiqued silver fill the background. The engraver's initials NM appear in the lower-left field.
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Additional information

The Dragon and Phoenix pairing draws on a Chinese symbolic tradition stretching back at least to the Han dynasty, where the two creatures together signified conjugal harmony and imperial balance — yin and yang rendered in myth. Tuvalu has been one of the more prolific issuers of Pacific-region bullion and collector coinage under Australian minting arrangements, its sovereignty providing the legal tender framework while the Perth Mint handles production.

At five troy ounces of four-nines silver, this is a slab coin by any practical measure — bought for the metal and the market, not the pocket.

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