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:
This mystical coin captures the spirit of the collection of fairy tales called 1001 Nights. Almost everyone is aware of one of the most famous stories that is called Aladdin’s Wonderful Lamp. That story is about finding a magical lamp that would grant you all your wishes!
Of course, the very famous animated movie featuring Aladdin and his lamp helped bring the story to more modern audiences. This special 1 oz silver Proof shows the magic of the lamp as it has never been seen before on a coin! The lamp can be seen laying in the sand with the dunes in the background against a canvas of a starry night sky. Notice the detail of the three desert travelers to the left of the lamp.
The Black Proof finish creates an ancient but also modern look which is an impressive contrast to the gilded lamp. The sophisticated colorisation of the mystical smoke coming out of the lamp adds a unique touch to this piece. | 
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