Hashtag: #CurrencyAndCoins
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
Gold Cup: Withdrawing 20,000 From The ATM
[Written by Don Burgess, who is reporting from Costa Rica] After I cleared Costa Rican customs, I got my my bags and my first task was to get some cash. Costa Rica’s base unit is the Colon, which is named for Cristobol Colon [Christopher Columbus]. I had done my research on the conversion rate prior to arriving, but a slightly harrowing immigration... Read more of this article
Dr Worrell Suggests Caribbean Move To US Dollar
A leading Caribbean economist has suggested that the islands “permanently retire” their currencies, and move to the US dollar. “Caribbean currencies served a crucial purpose when they were first introduced, but they have now become a nuisance in today’s digitised world”, Barbados-born economist Dr. DeLisle Worrell said, adding... Read more of this article
Heron Bay Students Learn About Numismatics
Students from Ms. Wales’ P4 class at Heron Bay Primary School recently visited the Bermuda Monetary Authority for a lesson in Bermuda’s currency and tour of the Authority’s Museum of Notes and Coins. The presentation and tour were conducted by Ms. Tessa Ingham, Analyst in the BMA’s Finance and Currency Department. The BMA explained, “Numismatics... Read more of this article
Police Advisory: Counterfeit Bermuda $50 Notes
The police are advising people to “be vigilant for counterfeit Bermuda $50 notes currently in circulation, bearing serial numbers A1402579 and A1361701,” noting that in the last ten days, 10 of these counterfeit notes have been seized by police. A police spokesperson said, “Residents and businesses are advised to be vigilant for counterfeit... Read more of this article
Police Advisory: Counterfeit Bermuda $50 Notes
The police are advising people to be “vigilant for counterfeit Bermuda $50 notes currently in circulation,” saying that this week alone – after the arrest of two men – “police have seized 35 fake Bermuda $50 notes, which are easily identifiable by their low quality and having the ‘Longtail’ portrait on both sides of the note.” A... Read more of this article
Arrest In Connection With Counterfeit Money
The police are advising people to be “vigilant regarding counterfeit U.S. $50 notes bearing serial number MD36441997A,” adding that one of these notes was tendered at a gas station on Tuesday evening, and a 54-year-old man has been arrested in connection with the matter. A police spokesperson said, “Residents are advised to be vigilant... Read more of this article
Police Advisory: Counterfeit Currency Circulating
The police are reminding the public to be vigilant regarding counterfeit Bermuda $50, $5 and $2 notes that are currently in circulation, urging people to “take a few seconds to examine any money they may receive, especially the larger denominations.” A police spokesperson said, “The public as well as businesses and their employees... Read more of this article
