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Bermuda Monetary Authority (Bermuda Hawksbill Turtle Commemorative Coins) Regulations 2008

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Bermuda Monetary Authority (Bermuda Hawksbill Turtle Commemorative Coins) Regulations 2008
BERMUDA MONETARY AUTHORITY (BERMUDA HAWKSBILL
TURTLE COMMEMORATIVE COINS) REGULATIONS 2008


1





BR 31/2008

BERMUDA MONETARY AUTHORITY ACT 1969

1969 : 57

BERMUDA MONETARY AUTHORITY (BERMUDA HAWKSBILL
TURTLE COMMEMORATIVE COINS) REGULATIONS 2008



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

Citation
1 These Regulations may be cited as the Bermuda Monetary
Authority (Bermuda Hawksbill Turtle Commemorative Coins) Regulations
2008.

Issue of Bermuda Hawksbill Turtle Commemorative Coins
2 The Bermuda Monetary Authority (in these Regulations referred
to as "the Authority") may issue coins (in these Regulations referred to as
"Bermuda Hawksbill Turtle Commemorative Coins").

Denomination
3 The denomination of the Bermuda Hawksbill Turtle
Commemorative Coins shall be as follows—

(a) coin 1 – one ounce silver - $2;

(b) coin 2 – one-twentieth ounce gold - $5;

(c) coin 3 – one ounce gold - $20.

BERMUDA MONETARY AUTHORITY (BERMUDA HAWKSBILL
TURTLE COMMEMORATIVE COINS) REGULATIONS 2008


2



Form and design of coins
4 The form and design of the Bermuda Hawksbill Turtle
Commemorative Coins shall be in accordance with the sample coins
deposited with the Authority and in particular —

(a) the obverse design of every coin shall be the portrait by
sculptor Ian Rank-Broadley of Her Majesty Queen
Elizabeth II in profile, with the inscription "BERMUDA",
"ELIZABETH II" and the respective year "2008";

(b) the reverse design of the coins shall depict a Bermuda
Hawskbill Turtle swimming in a blade of sea grass
adapted from an original photo taken by Mr. Ron Lucas;

(c) the shape of every coin shall be round.

Standard weight and composition
5 The standard weight and composition of the Bermuda Hawskbill
Turtle Commemorative Coins, and the amount of tolerance and variation
allowed therein, shall be as set out in the Schedule.

SCHEDULE (regulation 5)



Remedy Allowance


Standard Standard



Coin Standard Weight Diameter Edge Weight Composition Diameter
Description Composition (grammes) (millimeters) (grammes) (millimeters)

one ounce silver .999 Ag 31.604gms 38.61mm milled -0+ 0.42g Silver 99.9% Ag +/-0.08mm

one-twentieth
ounce gold

.9999 Au 1.555gms 16mm milled +/-0.05g Gold 99.99%Au +/-0.08mm

one ounce gold 916.7 Au,
41.65 Ag,
41.65 Cu

34.05gms 32.69mm milled +/-0.23g Gold 91.67%
Au, 4.165% Ag,
4.165% Cu

+/-0.08mm





Made this 14th day of May, 2008





Minister of Finance