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Scuderia Ferrari S.p.A. is the racing division of luxury Italian auto manufacturer Ferrari and the racing team that competes in Formula One racing. The team is also nicknamed "The Prancing Horse", in reference to their logo. It is the oldest surviving and most successful Formula One team, having competed in every world championship since the 1950 Formula One season. The team was founded by Enzo Ferrari, initially to race cars produced by Alfa Romeo, though by 1947 Ferrari had begun building its own cars. The team is also known for its passionate support base, known as the tifosi.
Depicts Palau's national arms with Neptune and mermaid, shows the motto of the insular state above a traditional outrigger canoe, with the face value below.
REPUBLIC OF PALAU
Depicts coloured Alberto Ascari's Ferrari 500 and crowd, surrounded by inscriptions and Italian flag. Date below.