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5 Dollars Teide
| Issuer | Republic of Palau |
|---|---|
| Year | 2014 |
| Type | Non-circulating coin |
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| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
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| Reverse script | Latin |
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| Edge | Reeded |
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| Additional information |
Palau has issued commemorative silver under its own authority since 1992, despite having no independent monetary system — the US dollar circulates there by compact, making these pieces pure collector issues from the outset. The Teide series honors Tenerife's volcanic peak, a UNESCO World Heritage Site since 2007 and the highest point in Spanish territory, which has no geographic or political connection to Palau whatsoever. That disconnect is entirely the point: Palau's mint program has always been a licensing operation, selling topographic and wildlife subjects to the European collector market.