1 Cent
Penang • 1 Cent • Copper • 1787
- Denomination
- 1 Cent
- Issuer
- Penang
- Struck
- 1787
- Composition
- Copper
- Currency
- Dollar
- Weight
- 7.71 g
- Diameter
- 29 mm
- Catalog refs
- Singh SS 13 · KM 4
Where to find one
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Where it came from
The 1787 Penang 1 Cent copper coin was minted by the British East India Company for use in the settlement of Prince of Wales Island, now known as Penang, Malaysia. Established as a trading post to facilitate British commerce in the East Indies, the settlement required a localized currency to standardize trade. These pieces were commissioned to replace the chaotic mix of native and foreign coinage that had previously hampered economic administration in the region.
The design features the East India Company bale mark on the obverse, a symbol representing the firm's commercial authority, while the reverse displays a Persian inscription denoting the coin's value and purpose. Produced in Birmingham by the Soho Mint, the coin reflects the industrial output of the late 18th century. It was intended to establish a reliable fiduciary currency for the burgeoning maritime port, serving as both a practical tool for daily commerce and a symbol of colonial administrative presence.
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About 1 Cent
1 Cent is a coin in the Coins catalog on collecto.rs. Penang • 1 Cent • Copper • 1787. Catalog data is sourced from Numista. No public coins collectors track this one yet — adding yours would make you the first on collecto.rs.
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