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1 Dollar - Elizabeth II

Issuer Bermuda Government
Year 1970
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Composition Paper
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Reverse lettering BERMUDA GOVERNMENT ONE DOLLAR $1
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Protection description Tuna fish watermark.
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Comments

The Bermuda Government's 1970 dollar series marked the island's decimal conversion, which took effect on 6 February 1970 — Bermuda Day — when the new dollar replaced the pound at a rate of one dollar to one shilling. This was not a straightforward metrication but a deliberate break from sterling, timed to coincide with broader Caribbean currency realignments even though Bermuda itself remained a British Overseas Territory with no connection to the Eastern Caribbean Currency Authority.

De La Rue printed the entire 1970 series, as they had handled Bermuda's currency since the colonial pound notes. The watermark used is a lattice pattern characteristic of De La Rue security paper of this period.

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