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Total commemorative banknotes issued is under 1,500 pieces. If you have achieved any figures close to this, then you are doing extremely well, as many of the older commemorative notes are hard to find even in poor conditions.

Opinion: Many collectors of commemorative banknotes would have come across with those Somaliland sets overprinted with gold and silver texts with the following wordings - 5th Anniversary of Independence 18 May 1996 [Sanad Gurade 5ee Gobanimadda 18 May 1996]. I believe these are "home made" (or fake) and not authorised by the central bank. My argument is simple. No central bank would have issued an overprint commemorative banknote that the texts are so large that it would cover the two signatures on the note as well as part of the serial numbers. Even if these are genuine notes, then these could be issued as souvenir sheets and not as legal tender. As I said before, this is my opinion. If you have paid top dollars for these, please think about my argument. There is always a sucker around the corner, including me of course!

All comments are most welcome but it has to be subjects related to banknotes or banknotes collection. If not, it will not be approved. Thanks

01 May 2020

.Cayman Islands - $1 Dated 2018 60th Anniverasry of the First Written Constitution and the Granting of Coat of Arms

Cayman Islands
(British Overseas Territory)

Cayman Islands Monetary Authority
Currency : Dollar (KYD)

This is a $1 commemorative note, celebrating the 60th Anniversary of the First Constitution and the granting of the Coat of Arms by Queen Elizabeth ll. Cayman Islands have been controlled by the British since 1670 and granted self-government on 04.07.1959. The proposal for the Cayman Islands Coat of Arms was first approved by the Legislative Assembly in 1957. The celebration for this special occasion was on 14.05.2018, however this note was only issued in 2020.

This new commemorative note has the same design as the $1 issued previously but with the round shape logo for the celebration added onto the center of the note. The signatures are also shifted to the right side of the note to allow room for the placement of the commemorative message.

In 2018, a $2 miniature sheet postage stamp was issued for this celebration with the Coat of Arms printed on the logo. However the logo for this note is showing a 5-point star instead of the Coat of Arms. The Coat of Arms is printed next to the logo to the right next to the portrait of the Queen, just like those $1 notes issued earlier.

This note was launched on 27.01.2020 by the Premier of Cayman Islands, Alden McNee McLaughlin Jr (Premier since May 2013) during the Heroes Day celebrations and the note was then made available to the public on 31.01.2020.

Signatures : Roy Mc Taggart (Minister of Finance) and Cindy Scotland (Managing Director)
Quantity issued : 1,000,000 pieces
Size - 156mm x 66mm

I believe only one prefix is printed with Q/2. The prefix of Q/1 was used on the 2003 $1 note commemorating the 500th year of the Discovery of the Cayman Islands 1503-2003. However it is not sure if any replacement notes are printed. Cayman Islands has a rather small population of approximately 68,000+ and therefore there are plenty around for everyone including those overseas collectors.

One Dollar
Dated 2018, Queen Elizabeth the Second, coral fish
Reverse - the Bluff on Cayman Brac

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