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5 Cents - Elizabeth II 3rd portrait, magnetic
| Issuer | Cayman Islands |
|---|---|
| Year | 1992-1996 |
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| Composition | Log in to see details |
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| Diameter | 18 mm |
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| Obverse description | Log in to see details |
|---|---|
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| Reverse description | A detailed naturalistic depiction of a Cayman spiny lobster (crayfish) rendered centrally in the field, its antennae extending toward the upper portion of the coin. The denomination numeral 5 appears prominently to the right of the creature. The engraver's initials SD for Stuart Devlin are discretely placed within the design. The reverse field is otherwise unadorned, with no peripheral legend. |
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| Edge | Plain |
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| Additional information |
The magnetic nickel-plated steel version of this issue reflects a cost-driven compositional shift common across British dependencies in the early 1990s, as rising nickel prices made solid nickel coinage increasingly uneconomical. The Cayman Islands, operating with a currency pegged to the US dollar at a fixed rate of CI$1 to US$1.20 — a rate established in 1974 and never adjusted — had particular incentive to keep production costs low given the small size of the circulating currency pool.