10 Dollars - Elizabeth II Galleon ship

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.