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5 Cedis - Elizabeth II Eye of Diamonds

Issuer Bank of Ghana
Year 2019
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Weight 31.1 g
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Reverse description A large stylized eye dominates the entire field in high sculptural relief, its upper eyelid adorned with a continuous row of inlaid black diamonds forming the lashes, while the iris is set with a prominent central blue sapphire surrounded by a halo of smaller inlaid stones. Four additional blue sapphires are inlaid in tear-drop and round cuts below and around the eye, evoking falling gemstones. The surrounding field is deeply engraved with an intricate composition of faceted gem and diamond motifs, eyelash forms, and geometric crystalline patterns, filling the space to the reeded rim. The overall design draws on mystical and talisman iconography, referencing the protective symbolism of the evil eye.
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Mintage 2019 - - 333
Additional information

Ghana's commemorative coin program has leaned heavily on novelty insert issues since the mid-2010s, with the Bank of Ghana contracting European minting houses — primarily B.H. Mayer's Kunstprägeanstalt in Germany — to produce pieces aimed squarely at the collector market rather than circulation. This piece belongs firmly to that category. No monetary policy rationale, no anniversaries of state — purely a bullion-adjacent collectible with gemstone inlays sold at significant premium over spot.

Elizabeth II appears as issuing authority here despite Ghana having been a republic since 1960, a technicality that persists across several West African collector issues that trade on Commonwealth nominal ties for marketing purposes.

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