5 Dollars

The Bahamas gained full independence from Britain in 1973, and the commemorative coinage program that followed was managed through the Franklin Mint under contract — an arrangement that produced a flood of issues through the late 1970s and into the 1980s, many with limited genuine collector demand. This 1982 piece falls squarely within that production window.

At .500 fineness, the silver content sits at roughly 21 grams of pure metal — a compromise specification used across several Caribbean issues of the period to keep production costs manageable against a silver price that had spiked dramatically during the Hunt Brothers' market manipulation of 1979–1980.