The golden Bermuda Triangle coin is a commemorative gold coin that blends innovative design with a celebration of Bermuda’s heritage. Issued by the Bermuda Monetary Authority (BMA), it commemorates the mysteries of the Bermuda Triangle, an Atlantic area shrouded in intrigue due to tales of unexplained ship and aircraft disappearances.
Historical Background of BMA Commemorative Coins
The BMA was established on February 20, 1969, and became Bermuda’s central authority for issuing currency under the Bermuda Monetary Authority Act 1969. The BMA’s designs often reflect Bermuda’s landscapes, flora, fauna, and maritime heritage, earning widespread recognition among collectors.
To further celebrate its heritage, the BMA introduced commemorative coins, as well as notes over the years. Notable Bermuda coins include:
- 1970: Bermuda’s first decimal proof set.
- 1996: The world’s first triangular coin commemorating the Bermuda Triangle.
- 2006-2007: A series of 12 shipwreck-themed coins produced in collaboration with the British Royal Mint.
Building on this legacy, the Bermuda Triangle series launched in 1996, and the Golden Bermuda Triangle Coin became one of its most iconic pieces.
Design and Features of the Golden Bermuda Triangle
The Golden Bermuda Triangle Coin stands out for its Reuleaux triangle shape, a rarity in coinage, which differs slightly from a standard triangle. It is formed by the intersection of three circular arcs, each with a radius equal to the side length of an equilateral triangle, centered at the vertices of the triangle. In layman’s terms, it is a triangle with sharp, distinct points and rounded edges. This innovative form mirrors the triangular legend it commemorates, adding a layer of thematic depth to the gold coin.
Specifications:
- Issuer: Bermuda (British Overseas Territory).
- Type: Non-circulating commemorative coin.
- Composition: .999 fine gold.
- Weight: 31.48 grams (approximately one troy ounce).
- Diameter: 35 mm.
- Edge: Milled.
Design of the Golden Bermuda Triangle
- Obverse: Raphael David Maklouf designed the crowned portrait of Queen Elizabeth II, which is framed with inscriptions noting the year of issue and denomination.
- Reverse: Features a detailed map of the Bermuda Triangle, a compass, and a capsizing ship symbolize the perils and mysteries of the region.
Additional denominations, including a larger 180 Bermuda Dollars (BMD) coin weighing 155.52 grams, extend the series’ appeal to collectors, while a smaller 30 BMD denomination with one half ounce of gold was also made available.
Significance and Symbolism
Building on Bermuda’s rich history, the Golden Bermuda Triangle Coin is deeply tied to the legend of the Bermuda Triangle. Tales of mysterious disappearances in this triangular region, bounded by Bermuda, Miami, and Puerto Rico, have fueled global intrigue.
The coin’s design reflects this enigmatic legacy:
- Map: Emphasizes Bermuda’s geographic position within the Bermuda Triangle.
- Compass: Symbolizes sea voyages, exploration, and humanity’s quest for knowledge.
- Capsizing Ship: Represents the dangers and enduring mysteries of the region.
This coin commemorates the Bermuda Triangle and celebrates Bermuda’s maritime history, positioning the island as a custodian of both legend and heritage.
Collectability and Value
The Golden Bermuda Triangle Coin is highly sought after due to its unique shape, high gold content, and cultural significance.
Rarity and Market Value
- Limited Mintage: The coin’s rarity enhances its desirability. As with many other denominations in the gold Bermuda Triangle coin series, each denomination’s mintage was limited to a mere 1,500 coins.
- Updated Market Value: In uncirculated condition, the 1 ounce gold Bermuda Triangle coin is valued at $3,000 or greater.
Extended Series
The Bermuda Triangle series also includes even smaller denominations, such as the 3 BMD coin (1998), as well as a shipwreck collection (2006-2007) featuring 12 famous Bermuda wrecks available in silver with gold plating, 1/20th ounce gold, and 1-ounce gold.
Through its commemorative programs, the Bermuda Monetary Authority continues to honor the island’s legacy, showcasing the stories and artistry that define Bermuda. For collectors and enthusiasts alike, the Golden Bermuda Triangle coin is a gateway to history and a reminder of the enduring mysteries that captivate our imaginations.
