1 Penny - George III
| Copper | 10.00 g | 28.00 mm |
| Issuer | The Bahamas |
|---|---|
| King | George III (1760-1820) |
| Type | Standard circulation coin |
| Years | 1806-1807 |
| Value | 1 Penny (1⁄240) |
| Currency | Pound (Before 1966) |
| Composition | Copper |
| Weight | 10.00 g |
| Diameter | 28.00 mm |
| Thickness | 2.00 mm |
| Shape | Round |
| Technique | Milled |
| Orientation | Coin alignment ↑↓ |
| Demonetized | 1825 |
| Updated | 2024-10-04 |
| Numista | N#26815 |
|---|---|
| Rarity index | 68% |
Reverse
Full rigged ship sailing right, motto in exergue.
Script: Latin
Lettering:
BAHAMA
EXPULSIS PIRATIS
RESTITUTA
COMMERCIA
Translation: Pirates defeated, commerce restored
Engraver: Conrad Heinrich Küchler
Edge
Engrailed
Comment
Reverse design reminds the British intervention lead by Woodes Rogers (later twice appointed governor of the Bahamas), against pirates in 1718. The motto was that of the islands between 1728 and 1973 when it was replaced by the current one.
from ''The Bahamas Copper of 1806: Introduction''
...The economy of the Bahama Islands made extensive use of barter and relied on Spanish gold and silver coins for currency. Around the same time that some of the newly formed American states were coining coppers, the Bahamas legislature in 1789 passed an act regulating copper currency (Act 29 Geo. III. cap. 2). A proposal for copper tokens was put forward in 1802 but apparently no action was taken. On June 30, 1806 the Bahamas Assembly ordered £500 in copper pennies from Boulton's Soho Mint in Birmingham. The dies were cut by Conrad Heinrich Kuechler, modeling the obverse on the 1806 English halfpenny.
The obverse of the coin depicts the bust of George III wearing a laurel wreath with the legend "Georgius III . D : G . Rex." (George III, King by the Grace of God) and the date 1806 below. The reverse shows a ship at sea with an island and two ships in the background. Above is the legend "Bahama" and below is the national motto. In addition to the regular 1806 issue, Boulton minted proof specimens with the standard entailed edge and others with a plain edge. A few proof coins were also minted in 1807. The local population in the Bahamas preferred cut silver to copper tokens and so these coins were refused by the local population, thus the project to mint coppers was abandoned...
">https://coins.nd.edu/ColCoin/ColCoinIntros/Bahamas.intro.html
Interesting fact
The 1 Penny coin from The Bahamas, minted during the reign of George III (1806-1807), was made of copper and weighed 10.00 grams. What's interesting about this coin is that it was one of the first coins to be minted by the Royal Mint specifically for use in the Bahamas, which was a British colony at the time. Prior to this, the Bahamas had been using Spanish doubloons and other foreign coins as currency, so the introduction of this coin marked a significant milestone in the country's monetary history.
Price
| Date | Mintage | VG | F | VF | XF | AU | UNC |
|---|---|---|---|---|---|---|---|
| 1806 | 120000 | - | - | - | - | - | - |
Values in the table are based on evaluations by sales realized on Internet platforms. They serve as an indication only for 1 Penny - George III 1806-1807 coin.
