1 Cent - Elizabeth II Silver Proof Issue

Bermuda's cent denominations were struck in silver proof format primarily for the collector market, a practice the Bermuda Monetary Authority leaned into heavily during the 1990s as circulation coinage revenue declined. The 1995 date places this squarely in a run of annual proof sets marketed to the thriving offshore financial sector and tourist trade — Bermuda's two economic pillars at the time.

KM#44c distinguishes this as the silver proof variant within a multi-composition type, the base circulation issue having continued in copper-plated zinc.