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<p>[QUOTE="Bardolph, post: 6575439, member: 96174"]The coinage of this territory which officially became a British Protectorate in 1888 (when Britain took over the North Borneo Chartered Company) was all produced by the Heaton mint in Birmingkam, UK - hence the letter H on all coins.</p><p><br /></p><p>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!</p><p><br /></p><p> 1885 1 million</p><p> 1886 5 million</p><p> 1887 6 million</p><p> 1888 6 million</p><p> 1889 9 million</p><p> 1890 8 million</p><p><br /></p><p>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.</p><p><br /></p><p>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.</p><p><br /></p><p>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.</p><p><br /></p><p>There are four known variations in the BNB coinage:</p><p><br /></p><p>on the 1891 half cent where the H mintmark almost touches the shield</p><p>on the 1886 1 cent where the figure 6 is lower and out of alignment</p><p>on the 1887 1 cent where the 7 is wider spaced than the other numerals</p><p>on the 1890 1 cent where the 0 is smaller than the other numerals. </p><p><br /></p><p>The 1890 is the only scarce variation, but the valuation of this and the other three remain unaffected.[/QUOTE]</p><p><br /></p>
[QUOTE="Bardolph, post: 6575439, member: 96174"]The coinage of this territory which officially became a British Protectorate in 1888 (when Britain took over the North Borneo Chartered Company) was all produced by the Heaton mint in Birmingkam, UK - hence the letter H on all coins. 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.[/QUOTE]
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