Bermuda's dollar coinage was decimalised in 1970, replacing the historic pound system that had linked the islands to British colonial monetary practice since the seventeenth century. The 1993 silver issues were produced primarily for the collector market rather than general circulation — Bermuda's physical size and tourist economy meant that commemorative and proof-quality pieces consistently outsold their face value from the outset.
Bermuda's dollar coinage was decimalised in 1970, replacing the historic pound system that had linked the islands to British colonial monetary practice since the seventeenth century. The 1993 silver issues were produced primarily for the collector market rather than general circulation — Bermuda's physical size and tourist economy meant that commemorative and proof-quality pieces consistently outsold their face value from the outset.