The Cayman Islands Monetary Authority (CIMA) issued a 1 Dollar commemorative banknote
In 2003, the Cayman Islands Monetary Authority (CIMA) issued a 1 Dollar commemorative banknote to celebrate the 500th anniversary of the discovery of the Cayman Islands (1503-2003). This special edition banknote marks the occasion when Christopher Columbus first sighted the islands during his fourth voyage to the New World in 1503.
This limited-edition commemorative issue maintains the classic design elements of Caymanian banknotes while incorporating special commemorative markings and features to highlight this historic milestone.
Overview of the Front and Back Note
The obverse (front) side of the banknote features a portrait of Queen Elizabeth II, which is a standard feature on Caymanian currency. The Queen is depicted wearing a diamond tiara, pearl earrings, and a necklace, symbolizing the British monarchy’s connection to the Cayman Islands. To the left, the Cayman Islands coat of arms is displayed prominently, along with a special “1503-2003” anniversary emblem, commemorating 500 years since the islands’ discovery. Additional decorative elements include marine-themed motifs, such as corals and fish, which reflect the islands’ rich underwater biodiversity.
The reverse (back) side of the banknote showcases a stunning underwater scene featuring coral reefs and a French angelfish. This design represents the Cayman Islands’ reputation as one of the world’s top diving and marine conservation destinations. The detailed artwork highlights the importance of marine life to the local environment and economy.
Design Features
Obverse (Front)
- Portrait of Queen Elizabeth II – A detailed and elegant representation of the Queen, reinforcing Cayman’s status as a British Overseas Territory.
- Cayman Islands Coat of Arms – Symbolizing the nation’s heritage, governance, and ties to the United Kingdom.
- “1503-2003” Commemorative Emblem – Placed near the center of the note, marking 500 years since Christopher Columbus first discovered the Cayman Islands.
- Marine-Inspired Patterns – Featuring coral reef designs, tropical fish, and waves, representing the islands’ natural beauty and marine life.
- Denomination “$1” – Printed in both numerical and text form, appearing in multiple locations.
- Serial Number & Signatures – Ensuring the authenticity and official issuance of the banknote.
Reverse (Back)
- French Angelfish & Coral Reef Scene – Depicting the Cayman Islands’ world-renowned marine ecosystem, reinforcing its status as a diving paradise.
- Flowing Water & Marine Motifs – A blend of intricate patterns that reflect the movement of the ocean.
- Denomination “$1” – Clearly printed in multiple locations.
- Cayman Islands Monetary Authority Name – Stamped across the top, confirming the official issuer of the note.
Color Scheme
- The front side incorporates soft blues, purples, and silver tones, creating a calm and refined appearance in line with the maritime theme.
- The back side features a mix of green, blue, and orange, with vivid underwater elements enhancing the marine life representation.
The color palette reflects the Cayman Islands’ coastal beauty, while also ensuring readability and security.
Dimensions
- Width: 156 mm
- Length: 66 mm
This size matches the standard dimensions of Caymanian banknotes, ensuring ease of handling and recognition.
Security Features
The 2003 “500th Anniversary of Discovery” 1 Dollar Commemorative Banknote includes several security elements to prevent counterfeiting and ensure authenticity:
- Watermark – A hidden turtle watermark, visible when held up to the light.
- Security Thread – A thin embedded strip that runs vertically through the note.
- Microprinting – Tiny text only readable under magnification, adding an extra layer of protection.
- Raised Printing – Key elements, such as the portrait and denomination, have a tactile texture, making the note identifiable by touch.
- UV Features – Certain areas of the note glow under ultraviolet light, revealing hidden security patterns.
- Color-Shifting Ink – Some text and designs change color when viewed from different angles, preventing counterfeiting.
These modern security features ensure durability, authenticity, and protection against fraud.
Circulation and Collectibility
- This 1 Dollar banknote was issued as legal tender, but due to its commemorative nature, many copies were collected rather than circulated.
- The historical significance of celebrating 500 years since Christopher Columbus’ discovery makes it highly valuable among collectors.
- It remains one of the most visually appealing and historically meaningful Caymanian banknotes ever issued.
- Many examples exist in uncirculated condition, increasing their long-term investment potential.
- As a limited commemorative issue, its rarity and desirability are expected to grow over time.