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5 Dollars - Elizabeth II 3rd portrait

Issuer Bermuda Monetary Authority
Year 1986
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Value 5 Dollars
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Obverse script Latin
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Reverse script Latin
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Additional information

The Bermuda Monetary Authority issued this series following the 1970 decimalization, which replaced the Bermuda pound at a one-to-one rate with the US dollar — an unusual peg that has held firm ever since. The $5 denomination in nickel brass was a practical response to the high cost of small-denomination note replacement in a high-humidity island environment where paper currency deteriorates rapidly.

Raphael Maklouf's third portrait of Elizabeth II, introduced across Commonwealth territories from 1985, first appeared on Bermudian coinage the following year.

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