THE BERMUDA MONETARY AUTHORITY (1997 TRIANGULAR COINS) REGULATIONS 1997

THE BERMUDA MONETARY AUTHORITY (1998 TRIANGULAR
COINS) REGULATIONS 1998S 1993


1989 Revision 1





BR 56/1998

BERMUDA MONETARY AUTHORITY ACT 1969

1969 : 57

THE BERMUDA MONETARY AUTHORITY (1998 TRIANGULAR
COINS) REGULATIONS 1998


ARRANGEMENT OF REGULATIONS

1 Citation
2 Interpretation
3 Issue of the 1998

Triangular Coin
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 1998.

Interpretation
2 In these Regulations—

"the Authority" means the Bermuda Monetary Authority;

"the Minister" means the Minister of Finance;


THE BERMUDA MONETARY AUTHORITY (1998 TRIANGULAR
COINS) REGULATIONS 1998REGULATIONS 1993


2 1989 Revision



"the 1998 Triangular Coins" means the coins issued in 1998 by
the Authority under regulation 3.

Issue of the 1998 Triangular Coins
3 The Authority may, in 1998, issue the 1998 Triangular Coins.

Denominations
4 The denominations of the 1998 Triangular Coins shall be as
follows, that is to say—

$1 (one dollar);

$3 (three dollars);

$30 (thirty dollars);

$60 (sixty dollars)

$180 (one hundred and eighty dollars).

Form and Design
5 The form and design of the 1998 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 "1998", and the
denominational value of each coin shall appear on the
perimeter thereof;

(b) the reverse design of the coin shall feature the
Deliverance in full sail superimposed on a map of the
northern Atlantic Ocean, surrounded by a single rope
border with a knot in each corner, with the inscription
"BERMUDA" on the lower perimeter.

Standard weight and composition
6 The standard weight and composition of the 1998 Triangular
Coin, and the amount of tolerance and variation allowed therein shall be
as set forth in the Schedule.



SCHEDULE (regulation 6)
REMEDY ALLOWANCE


THE BERMUDA MONETARY AUTHORITY (1998 TRIANGULAR
COINS) REGULATIONS 1998S 1993


1989 Revision 3




DENOMI-
NATION


STANDARD STAN-

DARD
STAN-
DARD



COMPO-
SITION

WEIGHT DIA-
METER

EDGE WEIGHT COMPO-
SITION

DIA-
METER

(grammes) (milli-
metres)

(grammes) (milli-
metres)

One
hundred
and
eighty
dollars

.999 gold. 155.52 65.00 plain ±1.460 -0.0
+0.0009

±0.125

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

Nine
dollars

.999 silver 155.520 65.00 plain ±1.460 -0.0
+0.0009

±0.125

Three
dollars

.999 gold 1.56 15.00 plain ±0.000 -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 .925 silver
.075 copper

17.060 27.00 plain ±0.240 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