Hashtag: #CurrencyAndCoins
Police Advisory: U.S. Counterfeit Currency
The Bermuda Police Service urges “business owners and other members of the public to be alert when conducting transactions in $U.S. notes.” A police spokesperson said, “There have been recently confirmed reports of counterfeit $U.S. notes being used by individuals to purchase items at local establishments. “The counterfeit notes detected... Read more of this article
Old Horizontal Cash To Be Retired This Year
The old horizontal bank notes will be retiring and “will no longer have value as a legal tender after 31 December 2023.” The Government posted the graphic online below, saying, “The Bermuda Monetary Authority advises all Bermuda residents that the use of horizontal cash will be retiring and will no longer have value as a legal tender... Read more of this article
BMA Launches ‘Deposit It Or Exchange It’
The Bermuda Monetary Authority [BMA] launches its campaign ‘Deposit It or Exchange It’ to remind the public that, from 31 December 2022, they will have one year to deposit or exchange the horizontal Bermuda Dollars legacy banknotes. A spokesperson said, “Effective 1 January 2024, these notes will be retired and no longer have value as legal tender. “Removing... Read more of this article
CoinZoom Global Gets License From BMA
CoinZoom announced its Bermuda based subsidiary CoinZoom Global, Ltd. has been granted a license under the Digital Asset Business Act [DABA] from the Bermuda Monetary Authority [BMA]. A spokesperson said, “CoinZoom, a U.S. based cryptocurrency exchange and leading fintech company announced its Bermuda based subsidiary CoinZoom Global, Ltd. has been... Read more of this article
Bermuda Shillings, Pounds & Dollars For Auction
Dozens of old Bermuda banknotes — including some dating back to the 1950s — will be auctioned at Noonan’s Auctioneers in the UK this week as part of the Platinum Jubilee Banknote auction, which features banknotes that the Queen appears on. The Queen is listed in the Guinness World Records in regards to the “most currencies featuring... Read more of this article
Bermuda Dollar Introduced 52 Years Ago
In 1972, the “UK Government decided to abolish the Sterling Area” and the Bermuda dollar exchange was fixed on par with the United States dollar, and “along with that came the introduction of the Bermuda dollar, which was launched on 6 February 1970.” This is according to a document from the BMA which said, “The formation... Read more of this article
Counterfeit US $100 Bill Used For Payment
Residents and businesses are “advised to be vigilant regarding counterfeit U.S. $100 notes bearing serial number PR10008679P,” after one was used for payment at the gas station in Flatts, the police said today. A police spokesperson said, “Residents and businesses are advised to be vigilant regarding counterfeit U.S. $100 notes bearing... Read more of this article
Rare Bermuda ₤10 Banknote Being Auctioned
Live bidding will begin on January 7, 2021 for a rare ₤10 Bermuda banknote from 1964, with the auction expected to reach bids of up to $3,000. The description of the note on WorldBanknoteAuctions.com says, “Highest denomination of the pre-decimal series and very scarce in all grades. Photo courtesy World Banknote Auctions: “According... Read more of this article
Police: Be Wary Of Counterfeit BDA $100 Notes
The police are advising residents to “be vigilant regarding counterfeit BDA $100 notes” noting that one of the counterfeit notes was recently tendered at a local bank. A police spokesperson said, “Residents are advised to be vigilant regarding counterfeit BDA $100 notes. “One of these counterfeit notes was recently tendered at a local bank. The... Read more of this article
Bermuda’s Currency Is “Aesthetically Pleasing”
Bermuda’s currency, along with five other currencies from different countries, have been noted as the “most aesthetically pleasing currencies.” A story on Travel Trivia said, “Each year the International Bank Note Society [IBNS] chooses a Banknote of the Year from nominations made by members. Over the past couple of decades,... Read more of this article
Police: Be Wary Of Counterfeit U.S. $50 Notes
Police are urging residents to “be vigilant regarding counterfeit U.S. $50 notes bearing serial number ID 33294841A,” noting that one of them was tendered at a grocery store on Saturday evening. A police spokesperson said, “Residents are advised to be vigilant regarding counterfeit U.S. $50 notes bearing serial number ID 33294841A. “One... Read more of this article
Four Hundred Year Old Coin To Be Auctioned
Described as “well circulated yet uncommonly appealing” by the leading US coin gallery that will be auctioning it, a Bermuda Hog Money shilling dating from the early days of the island’s settlement will be going until the hammer in Baltimore next month. Thought to be the first local coinage to go into circulation in English-speaking... Read more of this article
Premier: Govt To Accept Some Digital Currency
Premier David Burt announced that the Bermuda Government has “committed to accept, for payment of government taxes, fees and services, 1:1 US dollar backed digital currencies that get licensed by the Bermuda Monetary Authority.” The Premier made the announcement today during the Bermuda Tech Summit, at the Hamilton Princess & Beach Club,... Read more of this article
Bermuda “Hogge Money” Coin Sold For $96,000
A rare example of Bermuda “Hogge Money” — a coin which was produced in the early 1600s — sold for $96,000 when it was auctioned last night, with the coin one of only eight examples known to exist. “The Sommer Islands coinage was produced in England circa 1616 for use in the British colony now known as Bermuda,” the auction... Read more of this article
Bermuda “Hogge Money” To Be Auctioned
A rare example of 17th century Bermuda “Hogge Money” is expected to attract heavy bidding when it is auctioned in California next week. Minted in England following the permanent settlement of Bermuda by the Virginia Company in 1612, the “Hogge Money” coins were issued in four denominations: shilling, sixpence, threepence, and... Read more of this article
BMA Release Special Commemorative Coins
The Bermuda Monetary Authority [BMA] has marked its 50th Anniversary by releasing special commemorative coins. The 50th Anniversary coin has a triangular design featuring a compass rose and the islands of Bermuda, and are available in denominations of $5 [1/20 oz.] gold, $2 [1 oz.] silver and $0.25 [1 oz.] cupronickel. Established in 1969, the BMA... Read more of this article
