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1 Mil - Victoria

Issuer Hong Kong
Year 1866
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Weight 0.98 g
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Obverse description Central circular hole surrounded by a raised square frame within the coin's field. Above the hole, a St. Edward's Crown surmounts the royal cypher 'VR' (Victoria Regina), which appears below the hole. The legend 'HONG KONG' arcs around the upper periphery, flanked by a milled border, while the date '1866' is split to either side of the square frame at mid-field. The denomination 'ONE MIL' appears in the lower arc of the legend, completing the circular inscription.
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Edge Plain
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Hong Kong's mil denominations were established under the 1863 coinage ordinance, which created a local bronze series to address the chronic shortage of small change circulating in the colony — a problem previously papered over by a chaotic mix of Chinese cash coins, Indian pice, and clipped foreign coppers. The Royal Mint struck these at its Tower Hill facility before the Hong Kong Mint opened on Leighton Hill in 1866, a facility that proved spectacularly short-lived, closing just two years later after failing to turn a profit.

The 1866 date places this piece at the very moment of that transition.

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