The ten cent is the smallest
The first Hong Kong currency was established in 1864 by the fifth Governor of Hong Kong, Sir Hercules Robinson and the Hong Kong Mint was established on 7th May, 1866 in order to provide a steady supply of silver dollars. The new coins were not well received by traders or residents and the mint was closed in 1868 and sold to the Japanese Mint in Osaka at a loss of 300 per cent on the initial investment. The Hong Kong mint had also accumulated huge losses on the production of the silver coins. The following years saw thousands of Chinese migrants settling in Hong Kong.
It was not until 1st July, 1898, that China leased the New Territories along with another 235 islands, including Kowloon, to Britain for a period of 99 years. This lease expired in July 1997 and the colony was duly handed back to the Chinese authorities after 150 years of British reign. Hong Kong coinage would no longer bear the Queens effigy and a Bauhinia flower designed by Joseph Yam was chosen to be the future obverse design.
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