The Tuvaluan Dollar is the currency of Tuvalu - a small nation in the Pacific Ocean. Tuvalu has never had banknotes of its own, and has been issuing coins since 1976; these circulate together with coins of the Australian Dollar, which is also legal tender in the country, and to which the Tuvaluan Dollar is pegged.
The Australian Perth Mint issues a large variety of non-circulating legal tender coins under the authority of Tuvalu. Some of these are in the gold ounce format (abbreviated as 1 oz). Strictly speaking, they are not bullion as they are priced at a premium and are targeted at collectors who appreciate them for their artistic merit and collectable value and not just for their precious metal content.
The Mint says about this coin:
This exceptional gold coin, struck by The Perth Mint in prestigious proof quality, honours Laughing Buddha with a bas relief image of the auspicious figure moulded in jade.
Laughing Buddha is considered to be a joyous, more exuberant reincarnation of the famous philosopher and spiritual teacher. Associated with good luck, happiness and abundance in whatever one wishes for, he is a highly revered figure for many adherents. Represented in jade, an ornamental mineral that has occupied an important place in Asian cultures for thousands of years, Laughing Buddha is depicted atop a portrayal of lucky coins.