Descriptions
Obverse : Britannia standing
helmeted looking to left with her right hand grasps a trident and her left hand
resting on an oval sheild bearing the united cross of St. George of England,
St. Andrew of Scotland and St. Patrick of Ireland surrounded by a Chinese
scroll-pattern border. A sailing ship is in the distance with the denomination
"ONE DOLLAR" above and year date below.
Reverse : in the centre between the
denominations was a Chinese labyrinth, one of the many variations of the
Chinese character "壽" for longevity encircled by
4 compartments containing Chinese characters for ‘One Dollar’ "壹 圓" and Malay Jawi characters "ساتو ريڠڬيت";
all encircled by a Chinese scroll border.
Technical
Specifications
Denomination: 1 dollar
Issued by : Straits Settlements
Year : 1895 - 1935
Diameter : 39 mm
Thickness : 1.9 mm
Weight : 26.9568 grams
Coin Shape : Round
Composition : .900 Silver
Coin Edge : Milled
Engraver : George William de Saulles
History
When China lost the opium war also
known as the Anglo-Chinese Wars in 1839-1843 and 1856-1860, they're force to
open up a number of ports to British trade and residence, and Cede Hong Kong to
Britain. At the same time, Straits Settlements were established to link the
now-defunct British East India Company's outposts of Penang, Malacca and
Singapore. By the middle of the nineteenth century, international trade in Hong
Kong and Straits Settlements start to flourished with merchants and adventurers
flocked that areas.
Large Foreign silver trade dollar
were used for payment before the introduction of an acceptable British Trade
coins in Hong Kong and Straits Settlements. Mexican silver dollar-8 reales,
United States trade dollar, the Japanese trade dollar and the French
"Piastre de Commerce" are some of the common trade dollars used.
These .900 fine silver trade dollars were then circulated throughout the East
where they were readily accepted as a medium of exchange.
It became necessary to produce
special dollar for trading in the British Colony. When price of silver rise
rapidly in 1875 to 1895, it disturb trading and resulted a very serious
shortage of minted dollars. To overcome the shortage, approval was given in
1894 by a Royal Prerogative of the English sovereign for the minting of a
special British Dollar for general use in Far Eastern Trade.
To make sure the new trade dollar
can be accepted by countries outside British dominion, learning from the
Portcullis Money mistake, the coin had been given an Eastern look. The only
British character of the coin is Britannia ( posed by Lady Susan Hiks-Beach for
engraver G.W. De Saulles ) standing helmeted looking to left with her right
hand grasps a trident and her left hand resting on an oval sheild bearing the
united cross of St. George of England, St. Andrew of Scotland and St. Patrick
of Ireland surrounded by a Chinese scroll-pattern border on the obverse. A
sailing ship is in the distance with the denomination "ONE DOLLAR"
above and year date below.
On the reverse, in the centre
between the denominations was a Chinese labyrinth, encircled by 4 compartments
containing Chinese characters for "Yi Yuan" and Malay Jawi characters
for for ‘One Dollar’ "壹 圓" and Malay Jawi characters "ساتو ريڠڬيت";
all encircled by a Chinese scroll border.
The British Trade dollar was
declared legal tender on 2 February 1895 by an Order of Council in the Straits
Settlements, Hong Kong and Labuan (off the north-west coast of British North
Borneo).
Three mints participated in the
minting of the coins:
·Bombay Mint with the mint mark "B",
located in the center prong of the trident.
·Calcutta Mint with the mint mark
"C", can be found in the ground between the left foot of Britannia
and the base of the shield.
·Royal Mint, London, Those with no
mint mark.
The coin had a diameter of 39 mm
and was struck in 26.95 grams (416 grains) of 0.900 fine silver. The dies were
prepared by London Royal Mint engraver G W De Saulles.
The 1934B and 1935B dollars were
struck and shipped to Hong Kong. They were deposited in the vaults of a Hong Kong
Bank as security against the dollar banknotes introduced in Hong Kong in 1935.
Only few pieces of 1934B and 1935B dollars were released. The reminder of the
1934B and 1935B dollars were returned to the Mint for melting before World War
II. The 1921B dollar was struck but never released for circulation.
Although it was minted till 1935,
the British dollar were demonetized with effect from 31st August 1904 in
Straits Settlements. All Foreign silver dollar which were in circulation were
replaced with the new Straits Dollars by Straits Settlements (coinage) order of
1903. It continued to remain as legal tender in Hong Kong until 1937, at the
outbreak of the second Sino-Japanese War of 1937-45.
Mintage
Year
|
Bombay Mint
|
Calcutta
Mint
|
Royal
Mint
|
1895
|
3,316,036
|
nil
|
unknown
|
1896
|
6,135,617
|
nil
|
nil
|
1897
|
21,286,427
|
nil
|
unknown
|
1898
|
21,545,564
|
nil
|
unknown
|
1899
|
30,743,159
|
nil
|
nil
|
1900
|
9,106,619
|
unknown
|
363,372
|
1901
|
25,684,971
|
1,513,685
|
nil
|
1902
|
30,404,499
|
1,266,618
|
nil
|
1903
|
3,955,647
|
nil
|
nil
|
1904
|
648,847
|
nil
|
nil
|
1907
|
1,945,726
|
nil
|
nil
|
1908
|
6,870,741
|
nil
|
nil
|
1909
|
5,954,218
|
nil
|
nil
|
1910
|
5,552,910
|
nil
|
nil
|
1911
|
37,470,509
|
nil
|
nil
|
1912
|
5,672,075
|
nil
|
nil
|
1913
|
1,566,693
|
nil
|
nil
|
1921
|
50,211
|
nil
|
nil
|
1925
|
nil
|
nil
|
6,869,853
|
1929
|
5,100,036
|
nil
|
nil
|
1930
|
nil
|
nil
|
6,664,865
|
1930
|
10,401,032
|
nil
|
nil
|
1934
|
17,335,205
|
nil
|
nil
|
1935
|
6,811,995
|
nil
|
nil
|
Source :
http://www.obsoletecoin.com/2013/07/british-trade-dollar-istory.html
