5 Dollars Year of the Tiger

Palau's ongoing lunar series is issued under a 1992 licensing agreement that grants the U.S.-affiliated microstate broad authority to produce collector coinage despite having no independent central bank. The arrangement has made Palau one of the more prolific sources of themed bullion issues in the Pacific region, with the Tiger entry arriving in a year when global silver collector demand was still elevated from the 2020–2021 retail buying surge.