Proof Coin - 10 Cents, Hong Kong, 1935

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Summary:: Proof 10 Cents, Issued by Hong Kong, 1935
Minted by Royal Mint, London
Statement Of Significance:: On 19 June 1934 the United States President Roosevelt signed into law the Silver Purchase Act, 1934, in August he nationalized the metal and gave 90 for all (but some specifically exempted sources) be sold to Treasury. 109 million ounces were purchased by the US Treasury. In May 1935 a silver futures trade bwgan in London. As a result during 1935 $174,817,946 worth of silver was exported from the colony, including most small change silver coins. On 9 November Hong Kong officially abandoned the silver standard. The Annual Reoport of the Deputy Master and Comptroller of the Royal Mint for 1935 records the production and shipment of 1 million copper-nickel 5 and 10 million 10 cent coins before the end of the year. The coins were legal tender up to $2 worth.
Acquisition Information:: Transfer from National Gallery of Victoria (NGV), 1976

Tagged with:	british empire coins, british commonwealth and empire coins
Themes this item is part of:	Edgar Bertram Mackennal, Sculptor (1863-1931), Royal Mint, London, Royal Mint, Tower Hill, 1809-1975, The Royal Mint, Early History of London Mints, to 1300, Numismatics & Philately Collection
Primary Classification:	COINS
Secondary Classification:	Hong Kong
Tertiary Classification:	proof strikes
Series:	Proof of Record
DateEra:	1935 AD
Denomination:	10 Cents
Obverse Description:	Crowned bust of George V facing right; around, GEORGE V KING AND EMPEROR OF INDIA
Reverse Description:	At centre within a beaded circle, four Chinese characters; around above, HONG-KONG; below, . TEN CENTS 1935 .
Edge Description:	Milled
Shape:	Round
Material:	Copper-Nickel
Issued By:	Hong Kong, China, 1935
Mint:	Royal Mint, London, 1935
Artist:	Sir Bertram Mackennal
References:	KM#19
Bibliography:	[Book], Mr Colin Bruce - Krause Publications, 2009 Standard Catalogue of World Coins 1901 - 2000, 2009 [Book], Dr Joe Cribb - British Museum Coins and Medals, Money in the Bank, The Hongkong Bank Money Collection, Spink & Son Ltd., London, 1987, 74 - 76 Pages