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Hong Kong George VI

1937 Proof Five Cent reverse 1937 Proof Five Cent obverse

1937 Proof Five Cent

Mint:Royal London Monarch:George VI Reverse Designer:Percy Metcalfe Obverse Designer:Percy Metcalfe Size:20mm Weight:2.6g Edge:Milled security Composition:100% Nickel

Values

Sales History

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The Hong Kong five cent issued during the reign of King George VI has his portrait on the obverse along with the legend GEORGE VI KING & EMPEROR OF INDIA. The reverse has the legend HONG KONG FIVE CENT with Chinese characters in the centre depicting the date, denomination and country of origin.

The official currency of Hong Kong following British rule was the British Pound although it was not well received by the population as the traders were used to the Chinese system of using the weight of silver for their transactions. It was the policy of the British Government to introduce sterling silver coinage to their colonies since 1825 and the Spanish and Mexican eight Reales became legal tender and set at a value of four shillings two pence. The Government eventually concluded that their efforts to introduce the sterling coinage was unsuccessful in overcoming the strong local support of the Spanish silver dollar. The British Government made the decision, as it had also done in Canada, that it could not displace the local currency and the Royal Mint in London commenced the issue of special subsidiary coinage to run alongside the local dollar currency.

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