PMG's Featured Note of the Month: Bermuda 2 Dollars

Posted on 5/21/2024

As Bermuda Day approaches, we look at a note that celebrates the Atlantic island and its people.

Bermuda, Monetary Authority 2007 2 Dollars graded PMG 66 Gem Uncirculated EPQ
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Country: Bermuda

Catalog Number: 50b

Date: 2007

Denomination: 2 Dollars

Varieties: The PMG Population Report also records 2000-dated notes (50a), 2000-dated Replacements (50a*), Specimens (50s) and Collector Series Specimens (50CS3).

What makes it special? The back of the note shows a map of Bermuda, the British Overseas Territory in the Atlantic Ocean about 900 miles east of South Carolina. To the left of the map is King's Wharf, where cruise ships dock. King's Wharf is located at what was formerly called the Royal Naval Dockyard, which was built in 1795 and served as a major British naval base well into the 20th century.

Did you know? The fourth Friday in May is Bermuda Day, which is traditionally seen as the first time that residents there will venture into the ocean. Festivities also include a parade and road race.

Total graded by PMG: As of early May, the PMG Population Report includes 166 examples of Pick# 50a, 6 examples of Pick# 50a*, 57 examples of Pick# 50b, 2 Specimens and 28 Collector Series Specimens.

PMG median grade: PMG 66 Gem Uncirculated EPQ for Pick# 50a and PMG 65 Gem Uncirculated EPQ for Pick# 50b

PMG highest graded: The PMG Population Report lists a single example of Pick# 50a and Pick# 50CS3 in PMG 68 Superb Gem Uncirculated EPQ. Eight notes share the honor of highest-graded Pick# 50b at PMG 66 Gem Uncirculated EPQ

Sales highlights: Examples of Pick# 50b graded PMG 65 Gem Uncirculated EPQ and PMG 64 Choice Uncirculated EPQ realized $456 and $480 at Heritage Auctions sales in November 2023 and June 2023, respectively.

PMG Registry: This note is part of several Bermuda categories in the PMG Registry, including the most popular: Bermuda, 1914-Date, P1-Date, Issued Notes where the first-place set, Alan Collection Malaysia's Bermuda Complete Circulation Issue Set, has a Pick# 50b graded PMG 65 Gem Uncirculated EPQ. It is also part of Monetary Authority 1974-2009 Series, Issued Notes, which is led by Alan Collection Malaysia's Bermuda Monetary Authority 1974-2009, which uses another example of Pick #50b with the same grade.

Previous Notes of the Month:

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