5 Dollars 10th Anniversary of Independence

The Bahamas gained independence from Britain on July 10, 1973, making this issue a direct commemoration of the tenth anniversary of that transition. The .500 fineness is characteristic of Bahamian commemorative silver from this period — the Central Bank consistently chose this lower silver standard for its commemorative program throughout the late 1970s and early 1980s, keeping production costs manageable while maintaining the appearance of a silver coin.