1244

STRAITS SETTLEMENTS: Edward VII, 1901-1910, AR dollar, 1904-B, PCGS AU58

Currency:USD Category:Coins & Paper Money / World Coins - Asia & Middle-East Start Price:180.00 USD Estimated At:200.00 - 300.00 USD
STRAITS SETTLEMENTS: Edward VII, 1901-1910, AR dollar, 1904-B, PCGS AU58
CURRENT BID
180.00USD+ applicable fees & taxes.
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You must bid at least
190.00USD
USD
190.00 x 1 unit = 190.00USDApplicable fees & taxes are added at checkout.
[?]Live Online Auction Starts In 2025 Sep 19 @ 09:00 (UTC-07:00 : PDT/MST)
IMPORTANT NOTE - The Buyer's Premium is now $20 per lot or 20% of the hammer price, whichever amount is greater. However, we have also reduced opening bids on lower value items to adjust for the new Buyer's Premium structure, so all-in costs are still very close to what they were in the past. This change in fee structure will allow us to continue to offer coins valued at less than $100 in addition to our higher value offerings. Contact us with any questions.
STRAITS SETTLEMENTS: Edward VII, 1901-1910, AR dollar, 1904-B, KM-25, Prid-4, an attractive nearly mint state example, PCGS graded AU58. From 31 August 1904, British, Mexican and Hong Kong Dollars would cease to be legal tender and would be replaced by the newly introduced Straits Settlements Dollar. The purpose of this action was to create a separate exchange value for the new Straits dollar as compared with the other silver dollars that were circulating in the region, notably the British trade dollar. The idea was that when the exchange value had diverged significantly from that of the other silver dollars, then the authorities would peg it to sterling at that value, hence putting the Straits Settlements unto the gold exchange standard. This pegging occurred when the Straits dollar reached the value of two shillings and four pence against sterling. Within a few years, the value of silver rose rapidly such as to make the silver value of the Straits dollar higher than its gold exchange value. To prevent these dollars from being melted down, a new smaller dollar was issued in 1907 with a reduced silver content. A parallel story occurred in the Philippines at the same time.