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Bermuda Dollar PMG : World Banknotes

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Date Sold Category Lot Description Sale Price

Auction 194
World Banknotes 1 1st May 1957 Pick 20b S/N V/1 949875 Choice Uncirculated 64 FOREIGN SUBSTANCE £90 London Coins : A194 : Lot 64 : Bermuda 1 Dollar 1st May 1957 Pick 20b S/N V/1 949875 Choice Uncirculated PMG 64 FOREIGN SUBSTANCE London Coins : A194 : Lot 64 : Bermuda 1 Dollar 1st May 1957 Pick 20b S/N V/1 949875 Choice Uncirculated PMG 64 FOREIGN SUBSTANCE

Auction 169
World Banknotes Government 5 s Pick 21d last date for this issue 1st October 1966 Hamilton, Bermuda serial number S/1 666561, in a holder graded Choice VF 35 EPQ (Exceptional Paper Quality) an alluring design of this second highest denomination for the series and Exceptionally Scarce note. Orange on multicolour featuring a portrait of a young Queen at right and an illustration of ships in Hamilton harbour at left. The reverse with an elaborate orange and green guilloche panel featuring the Royal Coat of Arms at centre. Printed by Wilkinson & Co this is an example of the last series notes from the Pound system before Bermuda converted into s.
£300 London Coins : A169 : Lot 123 : Bermuda Government 5 Pounds Pick 21d last date for this issue 1st October 1966 Hamilton, Bermuda ser... London Coins : A169 : Lot 123 : Bermuda Government 5 Pounds Pick 21d last date for this issue 1st October 1966 Hamilton, Bermuda ser...

Auction 165
World Banknotes Government Administration 1 Pound dated 2nd December 1914, serial number in red 008547, P1, 25 VERY FINE. An extremely rare piece, black on green underprint with arms at left on obverse. This is the first ever 1 Pound note issued in Bermuda and the only one to be printed by the n Banknote Company, Ottawa as the following later denominations were printed by British printers, mostly Waterlow & Sons and & Wilkinson & Co. In 1882, the local 'legal tender act' demonetized the gold doubloon, which had in effect been the real standard in Bermuda, and this left pounds, s, and pence as the sole legal tender. The British pound sterling then red the official currency of Bermuda until 1970. In 1920, 5 shilling notes were introduced, followed by 10 shillings in 1927 and in 1941. The 5 shilling note ceased production in 1957, with 10 pound notes introduced in 1964. It was finally decided to take the action that British had already done 85 years earlier. In line with the international trend towards decization, Bermuda introduced a new currency in the form of a that was fixed at an equal value to the US dollar. The new Bermuda dollars operated in conjunction with decimal fractional coinage, hence ending the pounds, shillings, and pence system in that colony in the year before it was ended in the United Kingdom itself. The decision to finally align with the US dollar was at least in part influenced by the devaluation of sterling in 1967 and Bermuda's increasing tendency to keep its reserves in US dollars. Although Bermuda changed to a U.S. based currency and changed the bulk of its reserves from sterling to U.S. dollars in 1970, it still nevertheless remained a member of the sterling area since at that time, the pound sterling and the US dollar had a fixed exchange rate of £1 = $2.40. The design makes it a bit of an outlier as it does not feature any royal portraits.
£2,600 London Coins : A165 : Lot 862 : Bermuda Government British Administration 1 Pound dated 2nd December 1914, serial number in red 0085... London Coins : A165 : Lot 862 : Bermuda Government British Administration 1 Pound dated 2nd December 1914, serial number in red 0085...

Auction 163
World Banknotes dated 20th October 1952 series C/1 229806, portrait Queen at right, (Pick21a), in holder graded 35EPQ choice very fine, Exceptional Paper Quality, rare with the EPQ at this grade
£280 London Coins : A163 : Lot 1406 : Bermuda 5 Dollars dated 20th October 1952 series C/1 229806, portrait Queen Elizabeth II at right, (... London Coins : A163 : Lot 1406 : Bermuda 5 Dollars dated 20th October 1952 series C/1 229806, portrait Queen Elizabeth II at right, (...

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London Coins holds auctions every three months with a dedicated section for World Banknotes. This section covers paper money from all countries, we include here also Scottish and Irish notes as well as Channel Islands and the Isle of Man.

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