Royal Land Grant
In 1985, the Cayman Islands celebrated the 250th Anniversary of the first recorded Royal Land Grant issued by the Crown of the Islands. Whilst some sort of occupation had already begun a good number of years earlier, the Letter of Patent granted by King George II and officially enrolled on March 9th, 1735 is the first real documented evidence so far found that indicates plans for permanent settlement of the Islands.
To commemorative this anniversary, the British Royal Mint issued a limited number of 22 karat gold and Sterling Silver proof commemorative coins.
The obverse depicts the Raphael Maklouf effigy of Her Majesty Queen Elizabeth II. The reverse design features an outline map of the Cayman Islands amidst the waters of the Caribbean Sea on which travels a ship in full sail.
Specifications
| Issue | Alloy(Stg) | Weight(gms) | Diameter(mm) | Issue Limit | Price CI$ | Price US$ |
|---|---|---|---|---|---|---|
| Cayman Islands $5 Silver Proof | 925 Silver | 28.28 | 38.61 | 1,000 | 35.00 | 32.60 |
| Cayman Islands $2500 Gold Proof | 22 Carat Gold | 47.54 | 38.61 | 250 | 858.00 | 715.00 |
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