Catalog
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| Issuer | Bermuda Monetary Authority |
|---|---|
| Year | 1986 |
| Type | Log in to see details |
| Value | 5 Dollars |
| Currency | Log in to see details |
| Composition | Log in to see details |
| Weight | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse script | Latin |
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| Reverse description | Log in to see details |
| 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.