50 Dollars - Charles III Horse

Tuvalu's coin program has long been administered under licensing arrangements that allow private minting companies — primarily the Perth Mint — to produce numismatic issues in the nation's name with minimal connection to the issuing territory itself. The country's GDP is smaller than the annual revenue of a mid-sized coin dealer, making these bullion and collector issues a meaningful fraction of its formal revenue stream through licensing fees.

At 15.5 g of .9999 gold, this is a half-troy-ounce issue — a weight class that gained traction in the 2010s as spot prices made full-ounce coins increasingly inaccessible to retail collectors.