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5 Dollars - Elizabeth II Olympics
| Issuer | Cayman Islands |
|---|---|
| Year | 1988 |
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| Reference(s) | KM#94 |
| Obverse description | The obverse features the mature crowned effigy of Queen Elizabeth II in right-facing profile, as designed by Arnold Machin. The Queen is depicted wearing the George IV State Diadem, a pearl drop earring, and a pearl necklace, with her draped bust truncated at the shoulder. The legend CAYMAN ISLANDS arcs along the left periphery and ELIZABETH II along the right, with the date 1988 centered at the base of the field. The portrait is rendered in high relief against a deeply mirrored proof field. |
|---|---|
| Obverse script | Latin |
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| Additional information |
The Cayman Islands issued a series of sterling silver commemoratives tied to the 1988 Seoul Olympics, despite having no athletes compete in those Games. The piece exists purely as a revenue instrument — the Islands had by the late 1980s developed a well-practiced cottage industry in legal-tender commemoratives aimed squarely at the collector market rather than circulation.
KM#94 is one of several distinct types from this program, each authorized under Caymanian currency law to carry face value while never functioning as money.