5 Cents - Victoria

British Honduras remained on silver for its small denominations well into the 1890s despite the colony's chronic shortage of circulating coin, a problem the Legislative Council repeatedly petitioned London about throughout the decade. The 1894 issue was struck at the Royal Mint during a period when the broader Caribbean silver trade dollar was collapsing in value, yet the colonial fractional pieces like this one were insulated by their fixed local tariff rate rather than intrinsic metal value.

KM#7 runs from 1894 through 1901 under this Victoria portrait type. Mintage figures for the 1894 date were not separately recorded from the broader contract run.