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100 Dollars - Elizabeth II Sovereign Queens of England

Issuer Cayman Islands
Year 1975-1977
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Shape Round
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Obverse lettering CAYMAN ISLANDS ELIZABETH II 1976
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Reverse script Latin
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Additional information

The "Sovereign Queens of England" series was issued across three years by the Cayman Islands Legislative Assembly as part of a broader Caribbean gold coin boom following the 1974 U.S. legalization of private gold ownership. The Cayman Islands, having only achieved full internal self-government in 1972, used prestige bullion issues partly as a revenue mechanism and partly to establish numismatic identity distinct from its British dependent territory status.

The .500 fineness is the telling commercial detail here — fine enough to qualify as gold coinage, cheap enough to maximize profit margin on collector premiums over melt value.

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