Current Circulation Coins

Five-cent coin

The five-cent coin is 20.975mm in diameter, 1.625mm thick and weighs 3.46 grams. The coin is round in shape and has a smooth edge. The reverse of the coin features a replica of the South Point Lighthouse and the words five cents; the obverse features the Coat of Arms, the word barbados and the year in which the coin was minted.

Previously, the five cent coin weighed 3.75 grams.

Ten-cent coin

The 10-cent coin is 17.773mm in diameter, 1.354mm thick and weighs 2.09 grams. The coin is round in shape and has a reeded edge. The reverse of the coin features a replica of the tern and the words ten cents; the obverse features the Coat of Arms, the word barbados and the year in which the coin was minted.

Previously, the ten cent coin weighed 2.29 grams.

Twenty-five-cent coin

The 25-cent coin is 23.664mm in diameter, 1.826mm thick and weighs 5.10 grams. The coin is round in shape and has a reeded edge. The reverse of the coin features a replica of the Morgan Lewis Windmill and the words twenty-five cents; the obverse features the Coat of Arms, the word barbados and the year in which the coin was minted.

Previously, the twenty-five cent coin weighed 5.65 grams.

One-dollar coin

The one-dollar coin is 25.85mm in diameter, 1.65mm thick and weighs 5.95 grams. The coin is heptagonal in shape and has a smooth edge. The reverse features a replica of the flying fish in flight and the words one dollar; the obverse features the Coat of Arms, the word barbados and the year in which the coin was minted.

The current one-dollar coin was first issued on April 5, 1988. Prior to this, the coin had the same design, but was slightly larger.

Previously, the one dollar coin weighed 6.32grams.

(No longer issued) One-cent coin

The one-cent coin is 18.861mm in diameter, 1.565mm thick and weighs 2.78 grams. The coin is round in shape and has a smooth edge. The reverse of the coin features a replica of the broken trident and the words one cent; the obverse features the Coat of Arms, the word barbados and the year in which the coin was minted.

Previously, the one cent coin weighed 2.50 grams.



Cultural Symbols on Circulation Coins

The Broken Trident

The broken trident is a prominent feature of Barbados’ national flag and a symbol of the nation’s independence from Britain. It is derived from Neptune’s trident, which was featured on the Seal of the Colony (which has now been replaced by the Barbados’ Coat of Arms). At independence, the shaft of the trident was broken to symbolise the nation’s historical and constitutional break from the Britain.

South Point Lighthouse

The South Point Lighthouse is the oldest lighthouse in Barbados. It was brought to Barbados in 1852, one year after being shown at London’s Great Exhibition, and reassembled on the southernmost point of the island.

Although still listed as active,the lighthouse is now considered to be more of a national landmark and tourist attraction, with its grounds (but not tower) being made open to the public.

In 2005, the South Point Lighthouse was repainted and restored.

The Tern

Also called the swallow of the sea, the tern is one of the numerous seabirds that can be found in Barbados.

Although not indigenous to the island, several species of the bird, including the Whiskered Tern, White-winged Black Tern and the European Black Tern can be found at a number of Barbados’ nature reserves.

Barbados was the first country in the Americas in which the Whiskered Tern was seen.

Morgan Lewis Windmill

The Morgan Lewis Windmill is one of only two functional windmills in the Caribbean. Built in 1727 and in operation until 1945, the mill was used to grind sugar cane and could deliver up to 1,500 gallons of cane juice to the boiling house daily.

After 1945, when the mill stopped operating, it fell into disrepair and was at one time listed among the world’s most endangered heritage sites. In 1996, the Barbados National Trust embarked on a restoration project and returned the mill to its original working specifications.

Grinding is done at Morgan Lewis every second Sunday between the months of January and April, and the mill and its grounds are open for tours.

The Flying Fish

The flying fish is the national fish of Barbados.

Although famous for their ability to fly, flying fish actually glide. They swim rapidly close the surface of the water before leaping above it and spreading their fins. They use these fins and the lower portion of their tail to propel themselves at speeds in excess of 55 kilometres per hour for distances as great as 100 metres.

Flying fish were once extremely plentiful in Barbados, but as a result of migration and stock depletion, the numbers have declined. However, they still account for a significant percentage of the annual fish catch, and continue to be enjoyed as a Barbadian delicacy, including as part of Barbados’ national dish: flying fish and cou cou.



One cent coin

In 2014, the Central Bank stopped issuing the one cent coin, which had been in circulation since 1973. The Bank stipulated that although it would no longer issue the denomination, it would remain the lowest unit of pricing, and that when presented, one cent coins should continue to be accepted by retailers and commercial banks but not given as change.

With the withdrawal of the one cent coin, four denominations remain in circulation: 5 cent, 10 cent, 25 cent and 1 dollar. The Coat of Arms is a common image on all denominations, but each also features a unique image and different sizes.



From May 7, 2014, the Central Bank of Barbados will no longer be issuing one cents

05/12/2014

From May 7, 2014, the Central Bank of Barbados will no longer be issuing one cents. The decision to phase out the lowest denomination coin was based on its high production costs compounded by low redemption rates, which necessitated the minting of large volumes annually.

The phasing out of the one cent coins will affect the way that cash transactions are handled. The Bank has therefore drafted a set of rounding guidelines, which will allow retailers and consumers alike to conduct business with minimal interruption. As per the guidelines, the prices of individual items must not be altered in any way. At the checkout, however, when payment is being made in cash, the total of all the items to be purchased will be rounded up or down to the nearest .05. Totals ending in .01 or .02 will be rounded down to .00. Similarly, totals ending .06 or .07 will be rounded down to .05. Conversely, totals ending .03 or .04 will be rounded up to .05, and those ending .08 and .09 will be rounded up to .10. The maximum gain or loss for any single transaction is .02. Non-cash transactions, e.g. those made using debit or credit cards or by cheque, will not be subject to rounding as exact payment can be made.

Although one cents will no longer be issued, they can continue to be spent at retailers that choose to accept them, or, alternatively exchanged at financial institutions indefinitely.

February 6, 2014


One Cent Coin Removal Frequently Asked Questions


Legislation

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