Straits Settlements
The Straits Settlements were a group of British territories located in Southeast Asia. Originally established in 1826 as part of the territories controlled by the British East India Company, the Straits Settlements came under direct British control as a Crown colony on 1 April 1867. The c…
What are the coin denominations of Straits Settlements?
Straits Settlements is a former British Crown colony on Asia's Malay Penninsula. Coins in 5, 10, 20, and 50 cent denominations all show the reigning British monarch (Victoria, Edward, George) on one side, and an encircled denomination on the other.
What was the currency of the Straits Settlements in 1847?
1844 saw the authorization of copper coinage for the Straits Settlements using a system of 100 cents = 1 dollar, with the dollar equal to the Spanish dollar or Mexican peso. This coinage was declared current in the Straits Settlements on 1 June 1847.
What is a 1920 Straits Settlement 5 cent coin made of?
If you have a 1920 Straits Settlement 5 cent coin, you must determine if it is made of silver or copper-nickel. The silver coins are very valuable. Look at the graphic below for a side-by-side comparison of the low-value and high-value pieces.
When was the first coinage declared current in the Straits?
This coinage was declared current in the Straits Settlements on 1 June 1847. In 1867, administration of the Straits Settlements was separated from India and the dollar was made the standard currency. From 1899, the Straits dollar was issued by a new Board of Commissioners of Currency and private banks were prevented from issuing notes.
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What was the official currency of the Straits Settlements?
Locally issued coinages included the Kelantan and Trengganu keping, and the Penang dollar . In 1826, the Indian rupee was made the sole official currency in the Straits Settlements, as it was administered as part of India.
When did the Straits Settlements become the standard currency?
In 1867, administration of the Straits Settlements was separated from India and the dollar was made the standard currency. From 1899, the Straits dollar was issued by a new Board of Commissioners of Currency and private banks were prevented from issuing notes.
What is the Straits Dollar?
The Straits dollar was the currency of the Straits Settlements from 1898 until 1939 . At the same time, it was also used in the Federated Malay States, the Unfederated Malay States, Kingdom of Sarawak, Brunei, and British North Borneo .
Why did the British introduce the one dollar note?
During the change over period, fear of a shortage of coin led to the introduction of the one-dollar note, fixed at an exchange rate against gold instead of silver. To effect this, the British gold sovereign was for the first time declared legal tender, and the Straits dollar was given an arbitrary value of two shillings and four pence sterling. This dollar note proved so popular that it was retained in all future issues, so that to a very large extent it replaced the need for the silver coin.
What currency did the East Indies use?
History. In the early nineteenth 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, which for the East Indies emanated from the Philippines in the Spanish East Indies originating from Mexico and Peru as part of the Spanish colonial empire.
When did the 50 Straits dollar banknotes come out?
Fifty Straits dollar banknote from 1925. King Edward VII (1901–1910) King Edward ascended the throne in January 1901. In the previous issue the 5-dollar note had been of almost the same size and design as the 10-dollar. It was now reduced in size to help recognition.
Which country has the successor to the Singapore dollar?
Brunei and Singapore acknowledged the successor to this currency unit, although Malaysia rescinded in 1973. A memoranda of understanding, Currency Interchangeability Agreement, was signed between the Brunei–Singapore relations which makes both Brunei dollar and Singapore dollar banknotes and coins legal tender vice versa in each other's country.
