The Bahamas converted several circulating denominations to nickel plated steel during the 2010s as part of a broader cost-reduction effort by the Central Bank, replacing the older cupro-nickel composition that had been standard since decimal coinage was introduced in 1966. The magnetic property is the functional tell — it separates this issue cleanly from its predecessors in circulation and in the tray.
The Bahamas converted several circulating denominations to nickel plated steel during the 2010s as part of a broader cost-reduction effort by the Central Bank, replacing the older cupro-nickel composition that had been standard since decimal coinage was introduced in 1966. The magnetic property is the functional tell — it separates this issue cleanly from its predecessors in circulation and in the tray.