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.
This coin is part of the Silver Charms collection featuring specially shaped coins, and has a heart shape.
The Mint says about it:
By popular request, CIT continues the gilded silver heart from last year but this time, with a rose gold gilded edition for 2021! One ounce of silver is struck to create a bulging, hefty three-dimensional heart with delicate details which is one of the most dazzling and elaborate heart coins ever minted thanks to smartminting technology. The rosy heart is limited to only 999 pieces and will fascinate collectors of modern numismatics and bring joy to anyone lucky enough to own this alluring token of love and friendship. | 
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