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18 Piastres - Victoria

Issuer Cyprus
Year 1901
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Shape Round
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Obverse lettering VICTORIA•DEI•GRA•BRITT•REG•FID•DEF•IND•IMP• DeS.
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Reverse script Latin
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Additional information

Cyprus came under British administration in 1878 following the Cyprus Convention with the Ottoman Empire, but the island's monetary system retained a hybrid character for decades — the piastre remained the unit of account even as British colonial machinery took over. The 18-piastre denomination was pegged specifically to the British shilling, a deliberate alignment that made colonial fiscal management tidier without requiring the population to abandon familiar local units entirely.

The Pr#2 reference indicates a proof striking, and surviving examples are rare. By 1901 this was effectively a dying denomination; Cyprus would adopt a decimalized pound system in 1955.

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