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Straits Settlements East India Company

1845 Proof With WW Quarter Cent reverse 1845 Proof With WW Quarter Cent obverse

1845 Proof With WW Quarter Cent

Mint:Calcutta Mint Monarch:Victoria Obverse Designer:William Wyon Size:18mm Weight:2.33g Edge:Plain Composition:97% Copper

Values

Sales History

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During the early 19th century, the dominant currency of the regions which were later amalgamated as the Straits Settlements, that being Penang, Malacca and Singapore, was the Spanish Dollar. Additionally Java rupees and guilders were often used in the colony but they had a reputation of having a silver content less than that of the Spanish Dollar. Because of this, in 1823 the government declared the Spanish Dollar the legal currency of the settlements but this left the colony without any lower denomination medium of exchange.

While some early trials were made, the coinage that eventuated as the first circulating coins for colony were the one quarter, one half and one cent coins bearing a wreath on the reverse with the legend EAST INDIA COMPANY and the date 1845 at the bottom despite the issue being stuck from 1847 to 1862. The denomination of 1/4 Cent is at the center of the reverse. The obverse features the Wyon Young Head portrait of Queen Victoria.

Though the mintage of the enigmatic 1845 proofs are unknown, their infrequent appearances at public auctions suggest they are of extreme rarity with the quarter cent being particularly scarce.

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