Friday, 29 June 2018

Malaya Old Currency : 1845-1926 Straits Dollar ( Queen Victoria )

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
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
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
Copper
9.33g
29.0mm
1884-1901
¼¢
Bronze
2.33g
18.0mm
1884-1901
½¢ 
Bronze
4.66g
23.0mm
1884-1901
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¢
10¢
20¢
50¢
1845







1862







1871







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