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1 Cent

Issuer British East India Company
Year 1787
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Value 1 Cent/Pice (0.01)
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Reverse script Arabic
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Mintage 1787
Additional information

The British East India Company's coinage for its Sumatra settlements — issued from Bencoolen (now Bengkulu) — was a commercial necessity rather than a sovereign act. The Company held its West Sumatran pepper trade interests under increasingly precarious terms throughout the late 18th century, and local barter economies demanded a reliable small denomination. Singh's cataloguing of these pieces remains the primary reference, with KM#4 representing one of the better-documented varieties.

Bencoolen was ceded to the Dutch in 1824 under the Anglo-Dutch Treaty, ending Company coinage there entirely.

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