World coins chat: Bermuda

For centuries, mostly Spanish Dollars were used on Bermuda, and even Doubloons, which were large gold coins worth 16 Dollars (and around 1000 dollar in bullion value now). The first Bermudian coinage dates back from the early 17th century with coins of 2, 3 and 6 pence and a shilling, depicting a hog and the old name Somers Island. In 1793, a famous design copper penny was struck for Bermuda, but British currency did not become official until 1825, when Spanish Dollars were replaced at a rate of 4s2d. Only British coins circulated there, but a few commemorative crowns were struck for the island in the 1960's.

Bermuda introduced its own dollar in 1970, in the wake of another devaluation of the pound. As US and Canadian currency was already common on the island the Bermudian Dollar was pegged to US Dollar and used alongside of it, a situation still valid today. The Bermudian Dollar replaced the Pound at a rate of 8s4d, which was the GBP/USD rate of $2.40 that existed before the devaluation. The new coinage resembled the US coinage in terms of metals and sizes.

Circulation coins of 1, 5, 10, 25 and 50 cents were issued along with 1 and 5 dollars. 50c and $5 were discontinued in 1990, and are somewhat rare today. In line with the UK Bermuda has used the same E2R portraits so 3 series can be collected. For the novice collector these may be a bit harder to find but the coins are not that rare, except for the 5 dollar coin and the 50 cents with 3rd portrait.

https://en.numista.com/catalogue/bermudes-1.html

CiteerThe first Bermudian coinage dates back from the early 17th century with coins of 2, 3 and 6 pence and a shilling, depicting a hog and the old name Somers Island.

That's why they brought back the hog design on the modern 1-cent

I remember as a kid I had about 6 or 7 foreign coins, all the same size and color and they all had the Queen on them, I thought it was so cool.

  I know one was Bermuda, along with UK, Canada, Australia and others

Please can someone educate me on what terms like 8s4d mean? I have seen these thanks referring to British values, but I Don't know what it means.

Cheers

p.s.
I have beer reading all these country chats. This is why i love this site much better than any other. U still have ways to go but rest assured I'll read about every country.

Thank you all

Maybe 8 shillings 4 pence.

Citeer: "Oklahoman"​Maybe 8 shillings 4 pence.

​£, s & d are the Latin abbreviations for Libra (Pound), Solidus (Shilling) and Denarius (Penny). The £sd writing system was commonly used in the Sterling area before decimalisation to £1 = 100 New Pence in 1971.

So 8s4d is 8 Shilling 4 Pence equals 8 × 12 + 4 = 100 Pence. As a Pound was worth 240 (12 × 20) old Pence and after the 1967 devaluation $2.40 the new Bermuda Dollar was exactly at par with the US Dollar.

Did you know hogs will eat almost anything.
Back in the 1980's (my farming days), I met a hog farmer whom accidentally fell in the pen. They ate off one of his ears.

Thank you guys. I suspected as much, but did not think of Latin, so the letters were not congruent with what I thought it might be. The only one I knew for sure was the pound (libra in Spanish, directly from Latin).