Title 16 Laws of Bermuda Item 11(g)

BERMUDA STATUTORY INSTRUMENT

BR 56/1998

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

[made under section 13 of the Bermuda Monetary Authority Act 1969 [title

16 item 11] and brought into operation on 7 August 1998]

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 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.

1989 Revision 1 BERMUDA MONETARY AUTHORITY (1998 TRIANGULAR COINS) REGULATIONS 1998REGULATIONS 1993

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.

2 1989 Revision Title 16 Laws of Bermuda Item 11(g)

SCHEDULE (regulation 6) REMEDY ALLOWANCE

DENOMI STANDARD STAN- STAN- NATION DARD DARD COMPO- WEIGHT DIA- EDGE WEIGHT COMPO- DIA- SITION METER SITION METER (grammes) (milli- (grammes) (milli- metres) metres) One .999 gold. 155.52 65.00 plain ±1.460 -0.0 ±0.125 hundred +0.0009 and eighty dollars

Sixty .999 gold 31.489 35.00 plain ±0.385 -0.0 ±0.125 dollars +0.0009

Thirty .999 gold 15.550 27.00 plain ±0.209 -0.0 ±0.125 dollars +0.0009

Nine .999 silver 155.520 65.00 plain ±1.460 -0.0 ±0.125 dollars +0.0009

Three .999 gold 1.56 15.00 plain ±0.000 -0.0 ±0.125 dollars +0.0009

Three .925 silver 20.000 35.00 plain ±0.302 Millesimal ±0.125 dollars .075 copper fineness .925 ±0.005

One dollar .925 silver 17.060 27.00 plain ±0.240 Millesimal ±0.125 .075 copper fineness .925 ±0.005

One dollar .750 copper 17.250 35.00 plain ±0.520 Millesimal ±0.125 .250 nickel fineness .750 ±0.02

1989 Revision 3