5 Dollars St. Basil's Cathedral

Palau has issued commemorative silver dollars since 1992 under licensing arrangements that have little to do with the island nation's own history or economy — the coins are designed, marketed, and largely sold in Europe and Asia. This piece belongs to a series highlighting world architectural landmarks, a format Palau's mint programs used extensively in the late 2000s to attract thematic collectors.

St. Basil's was commissioned by Ivan the Terrible in 1555 to commemorate the capture of Kazan from the Khanate.