The Republic of Palau is an island country in the western Pacific, in free association with the United States. In one way or another, the country has been under US administration since it was established, and has never had its own separate currency - it has always used the US Dollar. However, Palau allows some foreign mints to issue coins under its authority; these are denominated in US Dollars but are only legal tender in Palau, so can in a way be considered to be in "Palau Dollars", even though such a currency does not officially exist.
The coins are usually dedicated to historical or general popular culture themes not related to the country itself. Many of them are in the internationally popular half gram (0.5g) of gold collector format.
The Golden Anchor is part of a large series of specially shaped gold mini-coins by CIT Coin Invest.
The Mint says about it:
"Nautical themed coins are no standard fare at CIT. Game changers like the 2016 Great Tea Race and 2017 Pirate Skull set the bar high. The Anchor, officially introduced at the Berlin World Money Fair, certainly delivers in this regard. The coin symbolises the romantic era of discovery and our dependency on good weather and helplessness against the elements. Hopes and fears that James Cook himself would have undoubtedly experienced when first sailing the South Seas."
The Golden anchor is a "companion" mini coin to the two-ounce silver piece; it is shaped like an anchor. Like all other gold half grams in the special shapes series, the date of issue is not written on the coin.