1 Penny - George III

These pennies were struck at Matthew Boulton's Soho Mint in Birmingham — the same facility that had revolutionized British coinage with its steam-powered presses in the 1790s. The Bahamas issue was a private contract, the colonial government having no mint of its own and London's Royal Mint showing little urgency in supplying the islands with adequate small change.

Copper colonials from Soho contracts generally survive in better condition than their metropolitan counterparts; lower circulation volumes in small island economies account for much of that. The KM#1 designation reflects that this was the colony's first formally struck regal coinage — prior to it, Spanish and cut coinage had filled the gap.