5 Dollars German Togo

German Togo — the territory administered by Berlin from 1884 until British and French forces overran it in August 1914, just twelve days into the First World War — is an unusual subject for a Palauan commemorative. Togo's fall was the first German colonial defeat of that war, the campaign lasting barely a fortnight before the wireless station at Kamina was destroyed and the garrison surrendered.

Palau began issuing themed silver dollars and five-dollar pieces in the late 1990s under licensing arrangements common to small Pacific island states with no meaningful domestic coin demand. KM#24 belongs to that first wave.