1907 EF Edward VII Straits Settlements SILVER Dollar BN

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1907 EF Straits Settlements SILVER Trade Dollar Although the crown-sized British Silver Trade Dollars were originally issued to assist in the enormous trade passing through Hong Kong, they were in use throughout China and the Far East including the Straits Settlements (geographically congruent with parts of modern Malaysia).In 1904, however, all other trade dollars in the Straits Settlements were demonetised and replaced with a Straits Settlements Dollar (SSD) in 0.900 Fine Silver, whose value was eventually fixed at a Sterling value of 2 shillings and 4 pence (2/4d). Since Sterling was pegged to the Gold Standard this pegged the value of the SSD to the Gold Standard as well. As the value of Silver rose somewhat faster than Gold, the silver content soon exceeded the Face Value, so the danger of coinage being melted down for its silver content was met, in 1907, by the issue of this smaller 24mm SSD of just over 20g weight. Because of the restricted requirement for this coinage they tend to be much scarcer than the equivalent British Trade Dollar dates. Struck in lustrous 0.900 Fine SILVER Circulated in the Far East to EXTRA FINE Excellent ear, hair and beard detail to the King Emperor's head; reverse carries the same Chinese and Malay scripts as the 'Hong Kong' British Trade Dollar and a very clear date 1907 (pause slides for all read more

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