5 Dollars - Elizabeth II Green

The Bahamas Government series of 1965 was one of the last currency issues made under colonial administration before the Bahamas gained independence in 1973. Thomas De La Rue printed the full range, as they had for most British colonial territories throughout the postwar decades — the relationship was institutional rather than competitive. Pick 20 sits at the higher end of the denomination range for this issue, which means it circulated less freely than the smaller values and survived in better average condition as a result.

The watermark was the primary security measure, consistent with De La Rue's standard specification for colonial clients at the time.