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5 Cents

Issuer Cocos (Keeling) Islands
Year 1968
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Currency Rupee (1878-1984)
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Reverse lettering 5c
Edge Plain
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Additional information

The Cocos (Keeling) Islands plastic coinage of 1968 was issued under the authority of John Clunies-Ross, whose family had governed the atoll as a private fiefdom since the 1820s. The tokens functioned as a closed-currency system on the plantation, paid to Cocos Malay workers and redeemable only at the family-controlled store — a monetary arrangement that effectively trapped labor on the island and was later cited by the Australian government as a form of economic coercion when it moved to formally annex the territory in 1978.

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