Catalog
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| Issuer | Republic of Palau |
|---|---|
| Year | 2001 |
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| Composition | Log in to see details |
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| Shape | Round |
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| Obverse description | Central field depicts a reclining mermaid figure with long flowing hair, positioned amid stylized coral formations, rendered in high relief against a mirrored proof field. The legend REPUBLIC OF PALAU arcs along the upper periphery, with the date 2001 continuing along the right side, all within a beaded border. The denomination 1$ appears in the lower central field beneath the main design. |
|---|---|
| Obverse script | Log in to see details |
| Obverse lettering | REPUBLIC OF PALAU 2001 1$ |
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| Additional information |
Palau's marine-themed dollar series, launched in 1999, capitalized on the island nation's reputation as one of the world's premier dive destinations — a deliberate strategy to generate seigniorage revenue from foreign collectors rather than domestic circulation. These pieces were never intended to pass through a cashier's hand.
KM#61 is part of a multi-year run that attracted scrutiny from the numismatic trade for blurring the line between legal tender coinage and medallions produced purely for the novelty market.