CIMA releases new silver coin for collectors

(CNS): Local and international numismatics have something new to look forward to with the production of a new Cayman Islands commemorative coin. The Cayman Islands Monetary Authority (CIMA) has released the coin to mark the 10th anniversary of Heroes Day this month. Although the coins are legal tender, they are not minted for general circulation. Each commemorative coin is produced in limited quantity and is only available for a limited time. The Heroes Day coin has a limited mintage of 200 and no additional coins will be minted. With a face value of $5, the limited edition, silver coin captures some of the National Heroes Day themes celebrated over the years.

The coat of arms depicted in gold appearson the obverse side. On the reverse side, it bears images of several of Cayman’s magnificent Frigate birds. Known locally as the Man O’ War, these birds are inextricably linked to local fishermen. Three catboats are strategically positioned to represent the three islands. These boats, which were referred to as the pick-up trucks of the Cayman Islands in the days predating the automobile, also represent our heritage of seamanship.

The two statues – a father and son sitting on a ship’s deck and a woman holding the Earth in her hands – represent youth and gender equality. This combination also celebrates family. To tie all the elements together, the coin is wrapped in thatch rope made from the Silver Thatch palm, our national tree. This unique design was created by Kara Coe of Savannah, a young graphic artist attached to the Government Information Services.

The Cayman Islands National Heroes Day is the national celebration of the heritage and culture of the Islands. Over the past ten years, the events and activities surrounding the day have been used to celebrate a number of core themes. These have ranged from a commemoration of Cayman’s maritime past, our history in aviation and the development of our education system, to the significant milestones achieved by Caymanian women.

The Heroes Day coin will go on sale on Tuesday 22 January on a first come first serve basis. The sale price will be US$115.00 or KYD$93.72. It can be purchased from the Currency Division at the Government Administration Building on Elgin Avenue.