5 Dollars - Elizabeth II Golden Jubilee

The Cayman Islands issued this piece as part of the broader Commonwealth commemorative program marking Elizabeth II's fifty years on the throne — a coordinated effort across dozens of dependent territories and Commonwealth nations that produced an enormous volume of gold commemoratives in 2002. The Cayman Islands, as a British Overseas Territory, participated routinely in such royal milestone issues, which were produced primarily for the collector market rather than any circulating monetary purpose.

The .585 fineness — 14-karat gold — is characteristic of this class of Commonwealth commemorative, chosen to keep production costs accessible while retaining gold content.