Bermuda Monetary Authority (1997 Triangular Coins) Regulatio

Link to law: http://www.bermudalaws.bm/Laws/Annual%20Laws/1997/Statutory%20Instruments/Bermuda%20Monetary%20Authority%20%281997%20Triangular%20Coins%29%20Regulatio.pdf
Published: 1997

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Bermuda Monetary Authority (1997 Triangular Coins) Regulations 1997
Title 0
Laws of Bermuda Item 0

1989 Revision 1

BERMUDA STATUTORY INSTRUMENT

BR 27/1997

THE BERMUDA MONETARY AUTHORITY (1997 TRIANGULAR
COINS) REGULATIONS 1997

[made under section 13 of the Bermuda Monetary Authority Act 1969 [title
16 item 11] and brought into operation on 9 May 1997]

ARRANGEMENT OF REGULATIONS

1 Citation
2 Interpretation
3 Issue of the 1997

Triangular Coins
4 Denominations

5 Form and Design
6 Standard weight and

composition

SCHEDULE

The Minister of Finance, on the recommendation of the Bermuda
Monetary Authority, in exercise of the powers conferred upon him by
section 13 of the Bermuda Monetary Authority Act 1969, makes the
following Regulations:—

Citation
1 These Regulations may be cited as the Bermuda Monetary
Authority (Triangular Coins) Regulations 1997.

THE BERMUDA MONETARY AUTHORITY (1997 TRIANGULAR
COINS) REGULATIONS 1997HAMILTON BICENTENARY
COMMEMORATIVE COINS) REGULATIONS 1993

2 1989 Revision

Interpretation
2 In these Regulations—

"the Authority" means the Bermuda Monetary Authority;

"the Minister" means the Minister of Finance;

"the 1997 Triangular Coins" means the coins issued in 1997 by
the Authority under regulation 3.

Issue of the 1997 Triangular Coins
3 The Authority may, in 1997, issue the 1997 Triangular Coins.

Denominations
4 The denominations of the 1997 Triangular Coins shall be as
follows, that is to say—

$1 (one dollar);

$3 (three dollars);

$30 (thirty dollars);

$60 (sixty dollars).

Form and Design
5 The form and design of the 1997 Triangular Coins shall be in
accordance with the sample coins deposited with the Authority in
particular—

(a) the obverse design of the coin shall be the portrait by
sculptor Raphael Maklouf of Her Majesty Queen
Elizabeth II in profile wearing the royal crown,
surrounded by a single rope border, together with the
inscription "ELIZABETH II" and "1997", and the
denominational value of each coin shall appear on the
perimeter thereof;

(b) the reverse design of the coin shall depict the Sea
Venture shipwrecked on Bermuda's reefs, surrounded
by a single rope border with a knot in each corner, and
the inscription "BERMUDA" shall appear on the lower
perimeter thereof.

Standard weight and composition
6 The standard weight and composition of the 1997 Triangular
Coins and the amount of tolerance and variation allowed therein shall be
as set forth in the Schedule.

Title 0
Laws of Bermuda Item 0

1989 Revision 3

SCHEDULE (regulation 6)
REMEDY ALLOWANCE

DENOMI-
NATION

STANDARD STAN-
DARD

STAN-
DARD

COMPO-
SITION

WEIGHT DIA-
METER

EDGE WEIGHT COMPO-
SITION

DIA-
METER

(grammes) (milli-
metres)

(grammes) (milli -
metres)

Sixty
Dollars

.999 gold. 31.489 35.00 plain ±0.385 -0.0
+0.0009

±0.125

Thirty
Dollars

.999 gold 15.550 27.00 plain ±0.209 -0.0
+0.0009

±0.125

Three
Dollars

.999 gold 6.124 19.30 plain ±0.099 -0.0
+0.0009

±0.125

Three
Dollars

.925 silver
.075 copper

20.000 35.00 plain ±0.302 Millesimal
fineness

.925
±0.005

±0.125

One
Dollar

.750 copper
.250 nickel

17.250 35.00 plain ±0.520 Millesimal
fineness

.750
±0.02

±0.125