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Hong Kong Victoria

1866 10 Pearls Ten Cent reverse 1866 10 Pearls Ten Cent obverse

1866 10 Pearls Ten Cent

Mintage:2,479,000
Figure shared with:
11 Pearls
1866/5
1867
1868
Mint:Hong Kong Monarch:Victoria Reverse Designer:Leonard Wyon Obverse Designer:William Wyon Size:18mm Weight:2.7g Edge:Reeded Composition:80% Silver

Values

Sales History

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obverse legend QUEEN VICTORIA reverse legend HONG KONG TEN CENTS denomination

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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