Brief History
The Straits Settlements were
established in 1826 as part of the territories controlled by the British East
India Company, which was based in Calcutta, India.
The Straits Settlements originally
consisted of the three individual settlements of Malacca, Prince of Wales
Island ( now Penang Island ) with the Province Wellesley ( now Seberang Perai
), and Singapore.
On the 1st April 1867 the
Settlements became a British Crown colony, making the Settlements answerable
directly to the Colonial Office in London.
The following territories were
temporary incorporated in the Straits Settlement : Dinding ( 1874 -1935 ),
Christmas Island ( 1900 – 1958 ), Cocos Island ( 1903 – 1955 ), and Labuan (
1907 – 1946 ).
On the 1st April 1946,
Straits Settlement was dissolved.
Coinage History
In the early 19th century,
the most common currency used in the East Indies was the Spanish dollar,
including issues both from Spain and from the new world Spanish colonies, most
significantly Mexico. Locally issued coinages included the Kelantan and
Trengganu keping, and the Penang dollar.
In 1837, the Indian rupee was made
the sole official currency in the Straits Settlements, as it was administered
as part of India. However, Spanish dollars continued to circulate and 1845 saw
the introduction of coinage for the Straits Settlements using a system of 100
cents = 1 dollar.
In 1867, administration of the
Straits Settlements was separated from India and the dollar was made the
standard currency.
Queen Victoria
“Her Majesty Victoria, by the Grace of God, of the United
Kingdom of Great Britain and Ireland Queen, Defender of the Faith, Empress of
India”
Victoria (Alexandrina Victoria; 24
May 1819 – 22 January 1901) was Queen of the United Kingdom of Great Britain
and Ireland from 20 June 1837 until her death. On 1 May 1876, she adopted the
additional title of Empress of India.
The first coins issued for the Straits
Settlements in 1845 were : ¼¢, ½¢ and 1¢ denominations in copper. They were
issued by the East India Company and did not bear any indication of where they
were to be used.
Year Minted
|
Value
|
Metal
|
Weight
|
Diameter
|
1845
|
¼¢
|
Copper
|
2.33g
|
18.0mm
|
1845
|
½¢
|
Copper
|
4.66g
|
22.5mm
|
1845
|
1¢
|
Copper
|
9.33g
|
29.0mm
|
A second issue of the same
denominations was produced in 1862 by the government of British India. These
bore the inscription "INDIA - STRAITS".
Year Minted
|
Value
|
Metal
|
Weight
|
Diameter
|
1862
|
¼¢
|
Copper
|
2.33g
|
18.0mm
|
1862
|
½¢
|
Copper
|
4.66g
|
22.5mm
|
1862
|
1¢
|
Copper
|
9.33g
|
29.0mm
|
In 1871, silver coins were issued in
the name of the Straits Settlements for 5¢, 10¢ and 20¢, followed by copper ¼¢,
½¢ and 1¢ in 1872 and silver 50 cents in 1886. Silver dollars were first
minted in 1903. Copper ¼¢, ½¢ and 1¢ were replaced
with bronze in 1884.
Year Minted
|
Value
|
Metal
|
Weight
|
Diameter
|
1872-1883
|
¼¢
|
Copper
|
2.33g
|
18.0mm
|
1872-1883
|
½¢
|
Copper
|
4.66g
|
23.0mm
|
1872-1883
|
1¢
|
Copper
|
9.33g
|
29.0mm
|
1884-1901
|
¼¢
|
Bronze
|
2.33g
|
18.0mm
|
1884-1901
|
½¢
|
Bronze
|
4.66g
|
23.0mm
|
1884-1901
|
1¢
|
Bronze
|
9.33g
|
29.0mm
|
1871-1901
|
5c
|
Silver 0.8
|
1.32g
|
16.0mm
|
1871-1901
|
10c
|
Silver 0.8
|
2.71g
|
18.0mm
|
1871-1901
|
20c
|
Silver 0.8
|
5.43g
|
23.8mm
|
1886-1901
|
50c
|
Silver 0.9
|
13.57g
|
31.0mm
|
From 1904, August 31st,
British Dollar, Mexican Dollar and Hong Kong Dollars ceased to be legal
tender.
¼¢
|
½¢
|
1¢
|
5¢
|
10¢
|
20¢
|
50¢
|
|
1845
|
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1862
|
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1871
|
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1872
|
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1873
|
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1874
|
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1875
|
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1876
|
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1877
|
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1878
|
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1879
|
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1880
|
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1881
|
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1882
|
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1883
|
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1884
|
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1885
|
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1886
|
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1887
|
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1888
|
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1889
|
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1890
|
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1891
|
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1892
|
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1893
|
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1894
|
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1895
|
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1896
|
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1897
|
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1898
|
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1899
|
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1900
|
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1901
|
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