5 Dollars Dragonfly

Palau has issued commemorative silver pieces under its licensing agreements with foreign minting houses since the early 1990s, when the island nation — population under 20,000 — began leveraging its sovereignty to enter the collector coin market. The dragonfly series sits within a long run of Palauan nature-themed issues produced almost entirely for the European and Asian collector trade, with no meaningful domestic circulation intended or achieved.