Tuvalu's coin program has long operated as a revenue mechanism for the island nation, whose domestic economy cannot support a conventional mint operation. These collector issues are produced under contract — almost certainly by the Perth Mint — and sold directly into the numismatic market rather than circulated. KM# 204 is one of several themed series targeting the international bullion and collector trade, a model Tuvalu has relied on since the 1970s.
Tuvalu's coin program has long operated as a revenue mechanism for the island nation, whose domestic economy cannot support a conventional mint operation. These collector issues are produced under contract — almost certainly by the Perth Mint — and sold directly into the numismatic market rather than circulated. KM# 204 is one of several themed series targeting the international bullion and collector trade, a model Tuvalu has relied on since the 1970s.