Mintage:30,000,000 Mint:Royal LondonMonarch:Edward VIIReverse Designer:George de SaullesObverse Designer:George de SaullesSize:17mmWeight:2.7gEdge:ReededComposition:80% Silver
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The Hong Kong ten cent obverse features the George de Saulles effigy of King Edward VII
along with the legend EDWARD VII KING & EMPEROR. The reverse
has the legend HONG KONG TEN CENTS with an inner circle containing Chinese characters depicting
the date, denomination and country of origin. The official currency of Hong Kong 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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