TNAG-0717-FCO40-914-Banking-and-monetary-matters-in-the-Dependent-Territories-is-1978 — Page 119

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Wedding dollar.

Both issues totalled less than US$73,000. From 1967

to 1970 Gibraltar issued annually a Crown coin struck, with the

exception of part of the 1967 issue, in base metals. Both the 1971 and

1972 (Silver Wedding) agreements resulted in production of silver coins. The Silver Wedding also ensured the success of the Cayman Islands' first issue in 1972 when coins totalling US$7.3 mn. were issued, of which US$7.2 mn. were accounted for by the gold and silver CI$25 commemorative coin.

8.10(3) Despite the BVI's issue of about US$0.4 mn. in 1973, totals

for that year were substantially less than in 1972, probably because of the lack of a suitable "event" upon which any issues could be based, and new issues were restricted primarily to proof sets containing mostly low denomination coins. The value of new issues for 1975 was

particularly high (over US$15 mn.), but there was a sharp decline in

1976. By end-1976 the total cumulative face value of numismatic coins issued by the eight dependencies included in the survey was around US$35 mn. By far the largest contributors were the Cayman Islands (US$13.66 mn.), followed by the Turks and Caicos Islands (US$7.7 mn.),

BVI (US$5.8 mn.) and Bermuda (US$5 mn.).