TNAG-0717-FCO40-914-Banking-and-monetary-matters-in-the-Dependent-Territories-is-1978 — Page 168

FCO40 Hong Kong Department Records 聯邦事務部香港部檔案 All

ANNEX 6(1)

FINANCIAL TIMES of Canada

FEURLIARY 17, 1974

E

BERMUDA

To commemorate the Royal Visit of

H. M. Queen Elizabeth II and H.R.H. Prince Philip ̧

The Bermuda Monetary Authority announces

THE BERMUDA 100 DOLLAR GOLD COIN

·AVAILABLE AT FACE VALUE

COLLARS

VE HUNDRED

Coin shown 191⁄2 times 119 actual 24mm size

Equal in value to $100 U.S.

Issue price: $100 plus $3 handling charge.

CONTENTS: 900/1000 FINE GOLD. WEIGHT: 7.03 GRAMS. MINTED BY THE FRANKLIN MINT.

Her Majesty Queen Elizabeth II and His Royal Highness Prince Philip are now visiting the Crown Colony of Bermuda. the first stop on their official tour of nations in the Western Hemisphere.

To appropriately comunemorate this historic Royal Visit, the Bermuda Monetary Authority has ordered the minting of a new monetary gold coin.

This will be the first one hundred dollar gold coin in the history of Bermuda, and will be the largest denomination coin ever issued by the Bermuda Monetary Authority.

The face of the coin will feature the traditional portrait of H.M. Queen Elizabeth 11. The reverse will bear the Royal Cyphers of H.M. Queen Elizabeth II and H.R.H Prince Philip, together with the Parliamentary Mace of the nation of Bermuda.

OFFICIAL MONETARY COIN

As official legal tender in Bermuda, this new $100 gold coin will circulate there with a face value equal to $100 U.S. In Canada, it can be freely exchanged at foreign money ex- change centers and designated banks. Since the value of this coin is not subject to daily fluctuations in the market price of gold, it provides a high degree of protection against loss.

At the same time, this important gold coin has excellent posential for increase in value because of its beauty, its com- memorative significance and its precious gold content. As a result, the numismatic value of this gold coin may in time far exceed both its face value and the value of its gold content.

Moreover, the $100 Bermuda gold coin offers other specific and unique advantages to the buyer. It is not subject to the usual commission fees, insurance and other charges asseer- ated with the purchase of gold bars. And it need not be assayed when it is bought and sold.

In inflationary times such as ours, monetary gold coins like the $100 Bernuda gold coin, can be especially desirable to own. Recent history demonstrates how the value of gold

coins has dramatically increased. For example, a $20 Canadian gold coin minted in 1967 is now worth at least ten times its face value-not only because of its gold content but its numismatic value as well. Such is the value of gold coins us collector's treasures.

HOW TO OBTAIN THIS GOLD COIN AT FACE VALUE The Franklin Mint, as official minter of the $100 Bermuda gold coin, has been authorized by the Bermuda Monetary Authority to accept orders for Brilliant Uncirculated Speci- mens of the gold coin at its face value of $100. In Bermuda, residents may obtain the coin from agencies authorized by the Bermuda Monetary Authority.

This $100 gold coin, issued in honour of the Royal Visit, will be minted for only a limited period of time. Therefore, the minter must reserve the right to limit quantities ordered or even to refuse orders, should that become necessary.

PROOP-QUALITY COINS AVAILABLE

The Bermuda Monetary Authority has also authorized the minting of a strictly limited edition of PROOFS of the One Hundred Dollar gold coin of Bermuda. Fach Proof will be struck from special dies which produce a beautiful frosted finish set against a brilliant mirror-like background. These coins represent the highest achievement of the minter's art and are the form most sought after by serious coin collectors. There is an absolute limit of one Proof coin per order, and orders for Proofs must be postmarked by February 28, 1975. The total number of Proofs muted will therefore be limited to the exact number of orders postmarked by that date, and no Proots of this gold coin will ever be minted again The official issue price for the Preof coin is $140.

Orders for this histone gold com of Bermunda should be submitted on the form at right and mailed promptly to The Franklin Mint Canada Ltd., 70 Galaxy Boulevard, Rexdale, Ontario, MyW 4Y7.

*** ** * *** OFFICIAL ORDER FORM

THE BERMUDA 100 DOLLAR GOLD COIN

The Franklin Mint Canada Lid

70 Galaxy Boulevard

Rexdale. Ontario, M9W 4Y7

Please enter my order for the 1975 One Hundred Dotlar gold coin of Bermuda as follows:

ONE

MI

Mrs.

Miss.

Brilliant Uncirculated Speci- inens of the wolid gold coin at face value (3100 per coin}

Solid gold Proof caín in pres- entation case is $140.

Total S

$.

Ontario residents add 7o; provincial sales tax. §.

Add 51 per coin for handling $

Address.

fly Province

Tosal remittance enclosed $..

All orders for Proofs must be postmarked by February 28, 1975

Postal Code

All orders subject to acceptance Please allow 4 to 6 weeks for delivery.

12

Comments

Approved members can add comments, bookmarks, and private notes.

No comments yet.

Private Research Note

Private notes are available after approval.