5 Dollars - Elizabeth II HMY Britannia

HMY Britannia, the British royal yacht decommissioned in 1997 after 44 years of service, became a minor political flashpoint when John Major's government declined to fund a replacement — a decision reversed in public debate but never in policy. The Cayman Islands, as a British Overseas Territory, issued commemorative coinage tied to royal and naval themes with some regularity through this period, typically timed to anniversaries or royal events. The 2012 date aligns with Elizabeth II's Diamond Jubilee, during which Britannia's decommissioning was frequently revisited in public discussion as a symbol of diminished naval ceremony.