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 silver coin is part of a long running series by the Perth Mint featuring famous movies and actors, and is dedicated to John Wayne.
The Mint says about it:
One of the most enduringly popular actors of the 20th century, John Wayne is remembered as a Hollywood icon. Known for legendary roles in films such as Red River (1948), Rio Bravo (1959) and The Man Who Shot Liberty Valance (1952), Wayne is beloved by millions of fans around the world - many who would love this pure silver keepsake. | 
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