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20 Dollars - Elizabeth II

Issuer Bahamas Government
Year 1965
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Composition Paper
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Obverse description Dark brown intaglio print over yellow and light green guilloche underprint, with black serial numbers. A right-facing portrait vignette of Queen Elizabeth II wearing the George IV State Diadem occupies the left portion of the note. The watermark window is reserved at right.
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Reverse lettering THE BAHAMAS GOVERNMENT TWENTY DOLLARS SURREY $20 EXPULSIS PIRATIS RESTITUTA COMMERCIA THOMAS DE LA RUE & COMPANY. LIMITED.
(Translation: Pirates expelled, commerce restored.)
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The 1965 Bahamas Government series was the first coinage-linked paper issue following the introduction of the Bahamian dollar, which replaced the Bahamian pound at par with the US dollar under the Bahamas (Currency) Act of 1965. The 20-dollar denomination was the highest in the series, and De La Rue produced the full set before the islands achieved independence in 1973 — at which point the issuing authority transferred to the Central Bank of the Bahamas.

Two distinct signature combinations exist for P#23: the earlier Sands/Higgs pairing and the later Francis/Higgs/Smiley-Butler trio, reflecting successive treasury appointments. The three-signature variant is considerably less common in circulated grades, as the changeover occurred late in the note's operational life.

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