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 silver 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.
This coin is the first release in the Dragons of Legend series and features the Red Welsh Dragon.
The Mint says about this coin:
The red dragon emblem was most likely introduced into Britain by the Romans. Accounts suggest that when the legions departed, Welsh Britons under the red dragon fought Saxon invaders. History tells us that Welsh-born future Henry VII flew a red dragon standard during the Wars of the Roses, and that it subsequently appeared in the Tudor Royal Arms.
After centuries of powerful association, the red dragon or "Y Ddraig Goch" became the official symbol of Wales in 1901 and since 1959 it has adorned the national flag. | 
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