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10 Dollars - Elizabeth II Galleon ship

Issuer Bermuda Monetary Authority
Year 1990
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Weight 3.13 g
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Obverse description Right-facing crowned effigy of Queen Elizabeth II, rendered in the third definitive portrait by Raphael David Maklouf. The Queen is depicted wearing the George IV State Diadem, with a necklace, and draped in a robe. The legend BERMUDA is inscribed along the left periphery and ELIZABETH II along the right, both in raised Latin lettering against a mirror-polished proof field.
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Mintage 1990 - Proof - 500
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The Bermuda Monetary Authority issued this piece as part of a broader push in the late 1980s and early 1990s to capture premium bullion and collector markets — a strategy common among small island jurisdictions with limited domestic coin circulation needs. Bermuda's currency had been pegged one-to-one with the US dollar since 1970, leaving little practical monetary role for gold coinage.

KM#74 is tied to the galleon series, referencing the Spanish and English vessels that made Bermuda's permanent settlement possible — the 1609 wreck of the *Sea Venture* stranded colonists who found the islands habitable enough to stay.

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