1 Dollar Seahorse

Barbados has issued silver bullion coinage under the "Creatures of the Sea" program for several years, with the seahorse design entering the series after earlier releases featuring the trident and flying fish. The Central Bank has leaned into numismatic revenue as a supplementary income stream — a strategy common among small island sovereignties whose domestic circulation coinage carries minimal collector premiums on its own.

The KM#404 assignment places this squarely in the modern bullion classification within Krause, where Barbadian silver issues have multiplied rapidly since the mid-2010s.