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 American Alligator design is the second release in the Split Views collection by CIT Coin Invest.
The mint says about it:
What happened here? Where is the person fishing in the everglades? Maybe we are too late and the satisfied alligator already had its lunch and left the fisherman’s hat as a proof of his meal. Possibly, we are not a witness of a terrible accident, but just see a symbolic way to show that peaceful and respectful coexistence of man and wild animals is possible. You get to decide the story!
Thanks to the enhanced smartminting technology the situation is captured on this impressive 1 oz 38.61 mm coin in a special way as you have two perspectives above and below the water surface. Ultra-high relief on both sides and a sophisticated coloring bring this scenario to life in two different perspectives. | 
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