1978 Bermuda $1 Banknote – Queen Elizabeth II, Bermuda Petrel & Hamilton Harbour | Rare Island Currency
The 1978 Bermuda $1 banknote (P‑28 / P‑28c) is a defining issue from the Bermuda Monetary Authority’s 1975–1988 series, blending British royal portraiture with the maritime and ecological identity of Bermuda. Printed by Thomas De La Rue & Co., this demonetized note is admired for its crisp blue colour scheme, detailed engraving, and limited circulation beyond the island. Today it stands as a key collectible for enthusiasts of British Overseas Territories and island‑themed currency.
Issuer and Specifications
Issuer: Bermuda (British Overseas Territories)
Issuing Entity: Bermuda Monetary Authority
Type: Standard circulation banknotes
Years of Issue 1975–1988
Value: 1 Dollar (1 BMD)
Currency: Bermudian Dollar (1970–present)
Composition: Paper
Size: 140 × 70 mm
Shape: Rectangular
Demonetized: Yes
Number: N#207880
References: P# 28, TBB# 201
Obverse Design
The obverse features a front‑left facing portrait of Queen Elizabeth II (1952–2022) wearing the Kokoshnik Tiara. At centre, the Bermuda petrel (Pterodroma cahow) appears in flight, representing the island’s conservation legacy. The Bermuda coat of arms is positioned at left, with floral elements at lower right. The design uses blue print with multicolour underprint and black serial numbers. Script is Latin.
Lettering includes: BERMUDA MONETARY AUTHORITY 1st APRIL 1978 ONE DOLLAR ISSUED UNDER THE AUTHORITY OF THE BERMUDA LEGISLATURE CHAIRMAN MANAGING DIRECTOR QUO FATA FERUNT $1
Translation: Whither the fates carry us.
Reverse Design
The reverse depicts a serene maritime view of Hamilton Harbour, with two sailboats at left and colonial buildings at upper right. The colour palette consists of blue print with blue and yellow underprint. Script is Latin.
Lettering: BERMUDA MONETARY AUTHORITY ONE DOLLAR $1
Watermark and Security Features
Watermark: Tuna
Security Features: Guilloché patterns, watermark, black serial numbers
Why Collect This Note
The 1978 Bermuda $1 banknote is valued for its combination of royal portraiture, ecological symbolism, and maritime heritage. Its demonetized status, limited international circulation, and distinctive blue aesthetic make it a strong addition to collections focused on British Overseas Territories, island nations, or nautical themes.
