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 was issued in celebration of the Chinese New Year 2018 (16 February 2018).
The Mint says about it: Chinese New Year is an important celebration and a time for giving. A perfect New Year gift, this vividly coloured coin combines two traditional symbols of good fortune in one image - a red dragon in the shape of a Chinese knot. The dragon is a well recognised symbol of wealth, strength and power. Knots have been used for centuries as good luck charms and continue to be widely used today for decorative purposes |