These were issued up until the late 18th century. 5 of 1948, as amended by Ordinance No.

For example, legislation devaluing Spanish pieces of eight from 6s to 5s in March 1708 allowed traders to buy Spanish dollars cheap in St Helena and sell them dear in Madras at the 6s rate. Surprisingly - given the burgeoning currency board literature - St Helena’s currency board remains unreported. The Post Box is usually situated at the  end of the walk, where the walker can then collect a unique stamp as evidence of their efforts. The first local coins were introduced to St. Helena in 1821 by the East India Trading Company. This stamp issue commemorates her time of service, from launch to final departure from St Helena, and consists of the following: This issue depicts four flowers that bloom at around Christmas time on St Helena. The first 1976 £1 and £5 notes contained a small but significant misprint. At around the same time, Saul Solomon, through his company Solomon, Dickson & Taylor, also issued £147-worth of tokens each worth one ha’penny. Saint Helena Island Info will not work fully because Javascript is not enabled in your browser. We asked the Government of St Helena about coin sales and received the following reply: Our precious metal commemorative coins are produced and sold on our behalf by the East India Company. Sterling is accepted at par (i.e. This stamp issue features a collection of artwork depicting The Angel Gabriel, Baby Jesus, Shepherd’s in the Field, Three Wise Men and The Star over Bethlehem; designed and produced by a local Artist Miss Anna Henry who owns her business “The Art Box”. At that time, St Helena was rapidly declining as a port of call because steamships began to replace sailing ships and could bypass the island without obtaining provisions. Her Majesty has strict reservations regarding British Overseas Territories stamp issues, including ensuring the protection of Her Majesty’s interests overseas, and above all the protection of the dignity of the Crown. Commemorative coin series to date are struck in the following metals: Cupro-Nickel , Silver , Gold and  Platinum, More about St Helena’s commemorative coins can be found here ￫, The 1p coin depicts a tuna fish, as can be seen (and caught) off St. Helena. Our shop has thousands of banknotes available for purchase to add to your collection. In 1984, circulation coins were first introduced in the names of St. Helena and Ascension in denominations of 1, 2, 5, 10, and 50 pence and 1 pound. Today, banking on the island is carried out by the Government Savings Bank{9}. The currency fund is no exception. The first coins were introduced in 1821, in which copper halfpennies were issued for Saint Helena by the East India Trading Company and these were used for a majority of the company's influence in the area. For more recent exchange rates, please use the. In 1976, the St. Helena government began issuing new, decimal-denominated banknotes for use on the island, with the introduction of circulation coins intended for use on St. Helena and Ascension beginning in 1984. Seven-sided 20-pence coins were also first introduced in 1998, and older 5- and 10-pence coins were replaced by downsized issues featuring new animal designs that same year. The 50p and £1 notes were withdrawn and replaced by coins in 1984, with £20 notes first being introduced in 1986. Cupro Nickel (75/25), 6.5g, 24.50mm, The 20p coin depicts the Arum Lily, which grows wild across St. Helena. to 3/8d. It’s a significant source of revenue, Mr Owen said. Callers to the Rattling Cages programme on 19th March expressed the unanimous view that the island should switch back to using Sterling. Cupro Nickel (75/25), 3.25g, 18mm, The 10p coin depicts dolphins, which can be watched in James Bay. The issue consists of the following: This stamp issue depicts beautiful images of the happy couple in the lead up to their big day. After the post-Napoleon slump, St Helena (and many other British possessions) faced a new challenge as a result of fluctuations in the gold price of silver. This picture is for reference only. As an active port of call - owing to its strategic placement in the middle of trans-Atlantic trade routes - St Helena hosted traders from around the world, merchants laden with the international currencies of the day. At the issuance of this new series, the £1 note was discontinued and withdrawn from circulation. This issue depicts the completed runway and buildings, as well as the Calibration flight and the landing of the Inaugural Airlink flight, which landed in October 2017. All of the coins are the same size and composition as the corresponding British coins and valued with the British pound at par. By contrast, the currency fund has no scope for sterilisation. Many countries view its own currency as a source of pride. Prior to 1984, both Saint Helena and Ascension Island had issued noncirculating commemorative coins, but officially used British circulation coins. Please note that there are no ATMs on St Helena - cash has to be obtained manually at the Bank of St Helena during bank opening hours. In 2002, nickel-brass, 2-pound coins were introduced to replace the note, and bimetallic 2-pound coins were also first introduced to the islands the following year.

The first local coins were introduced to St Helena in 1821 by The East India Company. Conceiving of a stamp issue starts with the […] Although they ceased to be Legal Tender from 1st August 1976, British banknotes continued to circulate on the island, and remain in circulation today. Stamps St Helenian stamps are a prolific source of revenue for St Helena Government. We regret that Saint Helena Island Info does not have the resources to help with coin/note exchanges. Complaints were also made that the Bank of St Helena makes a charge for converting SHP to GBP and vice-versa, and often has inadequate stocks of GBP. The text on a St. Helena coin’s obverse reads “QUEEN ELIZABETH II ST. HELENA + ASCENSION”. Footnotes:{1} Tuna is fished locally using rod-and-line and is therefore Dolphin Friendly - an important part of our fishing industry. Clearly, other small territories (not to mention the 61 larger countries identified in Hanke, 2002) would benefit from following St Helena’s example. The currency fund is managed on behalf of St Helena’s Commissioners by Crown Agents Asset Management, Ltd. Members decide on a theme, which could include local or international issues relating to St Helena – endemics of St Helena, British Royal engagements, or an anniversary of an internationally renowned historical figure that has an affiliation with St Helena, e.g. It is subdivided into 100 pence. Although officially for use only in the Solomon’s shops, these actually circulated alongside the official coins of The East India Company for several years until they came to the attention of The East India Company Directors in London and orders were issued for their withdrawal. See each listing for international shipping options and costs. There is a branch on Ascension Island, and is the only bank based on both islands.

By legalising South Africa’s currency, the council hoped to lay the groundwork for a more formidable trading relationship with South Africa. Product has been added to your cart. Buying world currency and paper money has never been easier! The edge inscriptions of the 2-pound coins are (in capitals) "500th Anniversary" for the 2002 coin and "Loyal and Faithful" for the 2003 coin. The good news is that now the scheduled commercial air service has begun more tourist visitors mean more Sterling comes onto the island, so the problem is far less severe than it was in the days of the RMS St Helena. It was in this context that St Helena passed the Currency Fund Ordinance of 1975 and the Currency Regulations of 1976 in the interest of generating seigniorage revenue. Similarly UK Coins ceased to be Legal Tender from 1st July 1984 but still circulate here today alongside local coins.

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