New release of Coat of Arms coin
(CNS Local Life): Due to “overwhelming demand” of a silver $5 commemorative coin released last year by the Cayman Islands Monetary Authority (CIMA) to mark the 60th anniversary of the Cayman Islands Coat of Arms, a second mintage has been approved. The coin, produced in collaboration with Celebrate Cayman, sold out within 36 hours of arriving on island.
The new mintage, for which there is a waiting list of buyers, differs slightly from the original coin, a press release said, “to protect the integrity and authenticity of each”. The second coin features the thatch rope and “Our Coat of Arms” in gold, elements that were silver in the first mintage.
The coin is available for purchase from CIMA for CI$48.90/US$60. The one troy ounce of .999 fine silver coin was designed by Celebrate Cayman Committee project coordinator Kara Coe, the second commemorative coin she has created for the Cayman Islands Government.
The Coat of Arms is depicted on the obverse side of the coin with the 60th anniversary logo in partial colour on the reverse. Cabinet granted approval to commission the Scottsdale Mint of Scottsdale, Arizona, to mint 250 of the 60th anniversary coins in early 2018 and the second mintage of 350 in early 2019.
“The popularity of these coins is clear indication of the interest and desire for people to celebrate and commemorate this milestone in a special way,” said Celebrate Cayman Committee executive chairman Alfonso Wright in the press release. “This second mintage will give even more people the opportunity to purchase a piece of history and be part of the celebrations in this special way.”
To mark the 60th anniversary of the conferral of the Coat of Arms on 14 May 1958, the Cayman Islands Government launched Celebrate Cayman in May 2018. This two-year national initiative tells the story of both the Coat of Arms and Cayman’s first Constitution, which was issued almost a year later on 4 July 1959.
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It would be nice if it was less ugly and more original.