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 Guitar is part of a large series of specially shaped gold mini-coins by CIT Coin Invest.
The Mint says about it:
"Who doesn’t love the sound of an acoustic guitar by the bonfire on a cool autumn night? Or who hasn’t dreamed of becoming the next guitar god? Let this half-gram gold coin bring good memories and fuel the dream of playing that six-string long into the night. A perfect gift for that guitarist in your life!"
The coin is shaped like a guitar. Like all other gold half grams in the special shapes series, the date of issue is not written on the coin.