Penang ¼ Dollar - Penang

1. Introduction: The Penang ¼ Dollar coin holds a significant place in numismatic history due to its association with the United East India Company and the rich heritage of Penang. This silver coin from 1788 embodies a blend of historical and cultural significance that appeals to collectors and enthusiasts worldwide.
2. Historical Background: Issued in Penang in 1788, this ¼ Dollar coin was part of the currency system established by the Penang government under the United East India Company's authority. Penang, a prominent trading hub in Southeast Asia, employed various coins to facilitate trade and commerce during this era.
3. Design Features: The obverse of the coin features the United East India Company Arms with the numeral 4 above it. Below the arms lies the date, separated by an intervening six-pointed star. The reverse side showcases a Persian inscription, adding to the coin's allure and historical charm.
4. Technical Specifications: Weighing 6.71 grams and comprising 90.2% silver, the Penang ¼ Dollar coin boasts a standard size for its denomination. The precise detailing on both the obverse and reverse designs reflects the craftsmanship of the era and the importance of the coin in trade transactions.
5. Collectible Value: Due to its historical significance and limited mintage in 1788, the Penang ¼ Dollar coin holds a considerable collectible value. Numismatists and collectors often seek out this coin for its rarity and connection to the United East India Company's presence in Penang. Market values can vary based on the coin's condition, provenance, and demand in the numismatic community.
6. Conclusion: In conclusion, the Penang ¼ Dollar silver coin stands as a testament to the trading history of Penang and the influence of the United East India Company in the region. Its intricate design, historical context, and collectible appeal make it a prized possession for coin collectors and history enthusiasts alike. Understanding the value and significance of this coin contributes to a deeper appreciation of Penang's numismatic heritage.

Coin Images

Obverse

Reverse