Discussion in 'World Coins' started by Seascape, Feb 27, 2021.
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This is the first one of these I've seen, but I like it, too. I've also found a few coins outside my normal collecting interests, just because I liked them. Thanks for posting.
With a territory of under 29,000 square miles and a with an estimated population of less than 100,000 in 1881, consisting mainly in "settlers on the coast and aboriginal tribes inland," the mintage figures seem rather excessive. Taking just the 1 cents alone, in the five year period 1886 to 1890, 34 million were produced - 340 per head!
1885 1 million
1886 5 million
1887 6 million
1888 6 million
1889 9 million
1890 8 million
Compare this with Australia which, with a population in 1911 of 4.6 million when it began minting its own coins in that year, produced in the first five years a little under 13 million pennies.
The BNB 2½ cent was produced only in two years, 1903, mintage 2,000,000 and in 1920 with a much smaller mintage of 280,000.
The 5 cents were produced in only 8 years from 1903 to 1941, with 1 million each in the first and last year, and amounts between 100,000 and 500,000 – that of 1938 was half a million.
There are four known variations in the BNB coinage:
on the 1891 half cent where the H mintmark almost touches the shield
on the 1886 1 cent where the figure 6 is lower and out of alignment
on the 1887 1 cent where the 7 is wider spaced than the other numerals
on the 1890 1 cent where the 0 is smaller than the other numerals.
The 1890 is the only scarce variation, but the valuation of this and the other three remain unaffected.
Separate names with a comma.