Diversity in Numismatics
Cayman Islands


Obverse
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Reverse
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Coin Details

  

Set Details
Coin Description: $250 1988 Cayman KM-99
Grade: NGC PF 69 ULTRA CAMEO
Owner: RAM-VT
 
Set Category: Other (Diverse collecting in the style of Garrett while on a very limited budget)
Set Name: Diversity in Numismatics
Slot Name: Cayman Islands
Research: See NGC's Census Report for this Coin

Owner's Description

Cayman Islands Queen Elizabeth II 1953 - Present $250 – 1988 Proof 69 Ultra Cameo KM-99 Census - 86 of these large gold coins (1.4015 troy ounces) where produced in 1988. Two have been certified by NGC and both are of this grade. Obv. Crowned bust of Queen Elizabeth II facing right Rev. Royal Arms of Princess Alexandra Subject to commemorate the royal visit of Princess Alexandra This coin belongs to that class of world coins many call NCLT (non-circulating legal tender) or coins whose face value is well below bullion value at the time of its minting. In the U.S. we call these modern commemoratives. We tend to look down on such world coins while embracing our own NCLT. Could you imagine a modern U.S. commemorative with a mintage of only 86? Just because this piece is NCLT that does not mean they should be ignored. I am willing to bet that because such pieces trade at near melt a significant number of these 86 coins may have been melted making this specimen even rarer. I acquired this coin at what I call a backwoods country auction. At the time gold was around $300 a troy ounce. I won this coin for $315, I can only assume no one know the gold content of this coin.

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