Silver Ounce 2017 Shark Bite, Coin from Palau - detailed information

Silver Ounce 2017 Shark Bite, Coin from Palau
CoinSilver Ounce 2017 Shark Bite

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 standard bullion sizes, including the internationally popular one troy ounce of silver.

The Mint says about this coin:
Sharks, at least some of them, are animals you don’t want to get bitten by. The bite marks are in the coin and it is bent. A unique new technology and something totally new in coin design.

Well-known species such as the great white shark, tiger shark, blue shark, mako shark, and the hammerhead shark are apex predators-organisms at the top of their underwater food chain. Many shark populations are threatened by human activities.

MintCIT Coin Invest Mint MarkNo mint mark Total Mintage999
Obverse
Palau / Silver Ounce 2017 Shark Bite - obverse photo

The obverse of the coin features the unofficial "Emblem of Palau" used on much of the country's coinage. It has an ornate shield at centre, on which is depicted the sea god Neptune, crowned and seated on a round stone and holding a trident in his left hand; on the right, a bare breasted mermaid; on the left, a treasure chest. The ground is a beach, featuring waves and a starfish. Above Neptune, a star. Below the waves, the inscription RAINBOW'S END. Above the shield is a native rowing in a single-outrigger canoe.

Around above, surrounded by three stars on the left and three stars on the right, the name of the country: *** REPUBLIC OF PALAU ***.

Around below right, "bite marks" indented into the coin, the face value FIVE DOLLARS, followed by the date of issue 2017.

The background is decorated with a marine scene of swimming sharks.

Obverse Inscription *** REPUBLIC OF PALAU *** FIVE DOLLARS 2017
Reverse
Palau / Silver Ounce 2017 Shark Bite - reverse photo

The reverse depicts a shark with its mouth menacingly open, displaying a double row of pointed teeth.

Around below left are "bite marks" indented into the coin, and the inscription SHARK.

Reverse Inscription SHARK
EdgeMilledEdge InscriptionNone
Notes

Finish: proof-like, "bite marks", special shape (bent).
CIT Item ID: 28042
NumisCollect Article ID: PW1704

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Silver Ounce 2017 Shark Bite: Details
CountryPalau
CurrencyPalau Dollar
Coin TypeSilver Ounce (1 oz)
Issued2017
SymbolEmblem of Palau
Face Value5 (x Dollar)
Total Mintage999
CurrentYes
Material0.999 Silver
TechnologyMilled (machine-made)
ShapeRound
OrientationMedal Alignment (Axis 0)
Size38.610 mm
Mass31.100 g
OCC IDGAVP-OXAC-MQDB-EMDY
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Silver Ounce 2017 Shark Bite: Photos
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Coin, Palau, Silver Ounce 2017 Shark Bite
Copyright: CIT Coin Invest
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Coin, Palau, Silver Ounce 2017 Shark Bite
Copyright: CIT Coin Invest
Source