PMG's Featured Note of the Month: Bahamas 3 Dollars

Posted on 6/15/2021

The beach scene on this note is the perfect way to welcome summer.

Bahamas, Monetary Authority 1968 3 Dollars, graded PMG 66 Gem Uncirculated EPQ.
Click images to enlarge.

Country: Bahamas

Catalog Number: Pick# 28a (Standard Catalog of World Paper Money)

Date: 1968

Denomination: 3 Dollars

Varieties: PMG has also graded Specimens and Collector Series Specimens of this note.

What makes it special? On June 20, summer begins in the Northern Hemisphere. The beach scene on this note from the Bahamas conjures the spirit of summertime. Other 1968 Bahamas notes also had themes resonating with tourists, including the Straw Market on the Half Dollar; colorful fish and coral on the Dollar; the Columbus Statue outside Government House on the Five Dollars; flamingos on the 10 Dollars; a horse-drawn carriage on the 20 Dollars; a produce market on the 50 Dollars; and deep sea fishing on the 100 Dollars.

Did you know? Located just east of Florida, the Bahamas gained its independence from the United Kingdom in 1973. The nation of about 400,000 people relies on tourism for about half of its economy.

Total graded by PMG: PMG has graded 254 examples of Pick# 28a, as well as 7 Specimens (Pick# 28s) and 35 Collector Series Specimens (Pick# 28CS2).

PMG median grade: PMG 66 Gem Uncirculated EPQ

PMG highest graded: There are four examples of Pick# 28a and one example of Pick# 28CS2 in PMG 68 Superb Gem Uncirculated EPQ.

Sales highlights: Two of the highest-graded examples sold for $312 and $216 at a Heritage sale in April 2018. Examples around the median grade can be found for about $100.

PMG Registry: Pick# 28a is part of two sets: Monetary Authority, 1968 Series Type Set, P26-P33 and Bahamas, 1897-Date, PA4B-Date, Issued Notes, Type Set. Alan Collection Malaysia holds top honors in the former with the Bahamas 1968 Series set, which includes a PMG 66 Gem Uncirculated EPQ example. Brufe leads the latter with AB's Bahamas Notes set, which also includes a PMG 66 Gem Uncirculated EPQ example.

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