Proof 1 Cent, Issued by Hong Kong, 1931
Minted by Royal Mint, London
Crowned bust of George V facing right; around, GEORGE V KING AND EMPEROR OF INDIA
At centre within a circle of dots, four Chinese characters; around above, HONG-KONG; below, . ONE CENT 1931 .
The order for 1 cent coins for 1931 requested a smaller coin (22 mm down from 27.6 mm). This was in response to the decreasing value of silver which had fallen by over 50% between 1925 and 1930. There was a fear that the relative value of copper to silver would soon make the larger copper cent pieces worth more as bullion, resulting in their being melted so the small cent was requested. The circulation of the new coins was authorised under a Government Proclamation of 13 November 1931.
Transfer from National Gallery of Victoria (NGV), Melbourne Branch of Royal Mint, 15 Mar 1976
Type of item
22 mm (Outside Diameter), 4.024 g (Weight)
[Book] Bruce, Colin R. 2009. 2009 Standard Catalogue of World Coins 1901 - 2000.
[Book] Cribb, Joe. 1987. Money in the Bank, The Hongkong Bank Money Collection., 71 - 72 Pages