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5 Dollars - Elizabeth II

Issuer Bermuda Government
Year 1970
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Currency Dollar (1970-date)
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Reverse description Red intaglio print over a multicolour guilloche underprint. A vignette of St. David's Lighthouse occupies the left portion of the note, while a view of St. George's Harbour fills the right, with the watermark zone reserved within the harbour vignette.
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Protection description Tuna fish watermark
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Comments

The 1970 Bermuda Government series replaced the old pounds-shillings-pence denominations following Bermuda's decimal conversion on 6 February of that year — the same date chosen to coincide with Bermuda Day. De La Rue had printed Bermuda's colonial issues for decades, and the transition was managed without interruption to supply. This note belongs to the first decimal series issued under the Bermuda Government rather than a central bank, an arrangement that persisted until the Bermuda Monetary Authority took over issuance in 1974.

The watermark is the sole mechanical security feature — no security thread, no fluorescent inks. By the standards of early 1970s Caribbean and Atlantic territory issues, that was not unusual, but it made the series a relatively straightforward target for counterfeiting.