Item Description




Jamaica 1/2 Penny 1964 HM Queen Elizabeth II New Coat Of Arms
Note: White specks are particles/dust from scan.


JAMAICA


HALF PENNY 1964

FIRST YEAR OF ISSUE WITH NEW COAT OF ARMS

KM#38

FEATURING

OBVERSE: HM QUEEN ELIZABETH II

REVERSE: NEW JAMAICA COAT OF ARMS

GRADE: EXTREMELY FINE (CLEANED)

We are members of the International Banknote Society and the Malaysia Numismatic Society.
Look out for our other No Reserve auction on Ebay.






The History Of Jamaican Pound

The pound was the official currency of Jamaica between 1840 and 1969. It circulated as a mixture of British currency and local issues and was always equal to the British pound. The Jamaican pound was also used by the Cayman Islands and Turks and Caicos Islands.

History
The history of currency in Jamaica should not be considered in isolation of the wider picture in the British West Indies as a whole. See Currencies of the British West Indies. The peculiar feature about Jamaica was the fact that it was the only British West Indies territory to use special issues of the sterling coinage, apart from the four pence groat coin which was specially issued for all the British West Indies, and later only for British Guiana.

The earliest money in Jamaica was Spanish copper coins called maravedíes. This relates to the fact that for nearly four hundred years Spanish dollars, known as pieces of eight were in widespread use on the world's trading routes, including the Caribbean Sea region. However, following the revolutionary wars in Latin America, the source of these silver trade coins dried up. The last Spanish dollar was minted at the Potosi mint in 1825. The United Kingdom had adopted a very succesful gold standard in 1821, and so the year 1825 was an opportune time to introduce the British sterling coinage into all the British colonies. An imperial order-in-council was passed in that year for the purposes of facilitating this aim by making sterling coinage legal tender in the colonies at the specified rating of $1 = 4s 4d (One Spanish dollar to four shillings and four pence sterling). As the sterling silver coins were attached to a gold standard, this exchange rate did not realistically represent the value of the silver in the Spanish dollars as compared to the value of the gold in the British gold sovereign, and as such, the order-in-council had the reverse effect in many colonies. It had the effect of actually driving sterling coinage out, rather than encouraging its circulation. Remedial legislation had to be introduced in 1838 so as to change over to the more realistic rating of $1 = 4s 2d. However, in Jamaica, British Honduras, Bermuda, and later in the Bahamas also, the official rating was set aside in favour of what was known as the 'Maccaroni' tradition in which a British shilling, referred to as a 'Maccaroni', was treated as one quarter of a dollar. The common link between these four territories was the Bank of Nova Scotia which brought in the 'Maccaroni' tradition, resulting in the successful introduction of both sterling coinage and sterling accounts. In 1834 silver coins of threepence and three half penny (1½ pence) were introduced, valued at ½ real and ¼ real. The three halfpenny came to be called "quartile" or "quatties." These in particular were used in church collections due to a feeling by the black population that copper coins were inappropriate for that purpose. Hence, they came to be called "Christian quatties".

In 1839 an act was passed by Parliament declaring that as of December 31, 1840, only British coinage would be legal tender in Jamaica, demonitizing all of the Spanish coins, with the exception of the gold doubloon which was valued at £3 4s. Coins in use were thus the farthing (¼d), halfpenny, penny, three halfpenny (1½d), threepence, sixpence, shilling, florin (2s), half crown (2s6d), and crown (5s).

The emancipation of the slaves in 1838 increased the need for coinage in Jamaica, particularly low denomination coins, but the blacks were still reluctant to use copper. The solution was to use cupronickel, adopted in 1869. Penny and halfpennies were minted for use in Jamaica, becoming the first truly Jamaican coins. Beginning in 1880, the farthing was also minted in cupronickel.

In 1904, the first government-authorized banknotes were produced in the denomination of 10s. Banknotes of £1 and £5 were also being circulated by chartered banks. In 1918 denominations of 2s6d and 5s were authorized. The 2s6d note proved to have a short life, being withdrawn in 1922. In 1940, the government bank began producing £1 and £5 notes.

In October 1960, the Bank of Jamaica was given the sole right to mint coins and produce banknotes in Jamaica. Their notes were released on May 1, 1961 in the denominations of 5s, 10s, £1 and £5.

On January 30, 1968, the Jamaican House of Representatives voted to decimalize the currency, introducing a new dollar worth 10s, and divided into 100 cents (1 cent thus being equal to 1.2d). At the time, coins of 1 cent (1.2d), 5 cents (6d), 10 cents (1s), 20 cents (2s) and 25 cents (2s6d) were produced and banknotes of 50 cents (5s), $1 (10s), $2 (£1), and $10 (£5). These coins and banknotes went into circulation on September 8, 1969.

The new Jamaican dollar (and the Cayman Islands dollar) differed from all the other dollars in the British West Indies in that it was essentially a half-pound sterling. All the other dollars either began on the US dollar unit or the Spanish dollar unit.










Payment should be received within 10 days of auction ending. We require payment for items prior to despatch and no goods will be despatched with payment first being recieved without any exception:


PayPal (preferred)
If you pay by Paypal, we only ship to the billing address of the credit card that is registered, no exceptions.

Credit / Debit Card
You can pay using major credit cards via PayPal.

Mail-In Payment Option
Please email us if you wish to pay by currencies. Please send through registered or insured air mail. If payment is made using uncirculated currency of selected countries (please contact us for confirmation) an additional discount of 5%-10% will be given to the final total. Please send to:
STRAITS TRADING
PO BOX 157, JALAN KELANG LAMA,
58700 KUALA LUMPUR,
MALAYSIA




We ship worldwide.

Within Malaysia
Registered Airmail - $3.50
International Delivery
1st Class Regular Airmail - $3.50
International Registered Airmail - $5.50

We do combine shipping at no extra cost.

After the receipt of payment
items will be sent out immediately
and delivery will usually take
between 10-14 days.

*PLEASE NOTE*

  • All items sent by regular air mail is at buyers' own risk of loss and damage.
  • We will combine multiple winnings to save on shipping cost, but holding time is up to 10 days only.

  • THANK YOU













We 100% guarantee our items. Please see our feedbacks from the past:

"I can highly recommend buying from this seller."
"Reliable seller"
"Happy with purchase, thanks !"
"Excellent seller - very satisfactory deal!"
"Great Transaction A+"
"Nice deal and smooth transaction"
"Great seller. Super fast shipping. A++++++"
"Got it! Recommended seller!"




For questions on this or any other of our items please email us:


We will ensure that a reply will be sent out almost instantly. However in the event we are not available your reply will usually be sent out within 24 hours.









Ebay offers hassle free shopping in your own time. Choose your supplier carefully and you will save time and money and you will be part of the growing internet revolution.
Good luck, Happy bidding and...Thanks!


Please read our terms of sale prior to bidding. This is important and ensures you are happy with our terms. We want your shopping experience to be a happy one and wish to avoid any complications later on.
Bidding: Please only bid on an item if you are intending to pay. This may sound obvious, but unfortunately this does happen occasionally. We reserve the right to cancel a bid in these extreme circumstances.
Payment: Payment must be received within 7 days of the auction ending. Failure to do this will usually result in the item being re-listed and a non-paying bidder alert being raised. We are reasonable, so please communicate with us whenever necessary, before the 7 days after the auction ending has lapsed. Please include your shipping address, with payment. If you win more than one item please email with the item numbers to combine to save on shipping. Items, over 14 days from the end of the auction, must be paid in full.
Overseas Bidders: Payment can only be made via PayPal or credit card via PayPal.
Postage: We try to make sure the postage & handling costs are fair, and cover the expenses necessary to get your product to you. Please only bid on an item if you are happy with the quoted postage & handling.
Feedback: We do hope you leave feedback for us, but for those who prefer to stay anonymous, we will only leave feedback for you once you have left it for us.

Delivery: All items shipped are shipped at the buyers own risk, without insurance, unless otherwise agreed upon by us, prior to bidding and prior to the closing of the auction.

Lost Items: As mentioned above, we obtain proof of postage on all items sent, and these can be provided if the postal service has lost the item. We will do all we can to work with you to track a lost item with the Post Office, and will stay in contact with you for the duration of the search until an outcome is reached.
Faulty Items: All products are individually inspected before being dispatched, to ensure the correct items are sent out in the described condition. In the unlikely event that your item received is not as described, please return it to us within 7 days of receipt in its original condition. Upon inspection, we will be happy to replace, where possible or refund you in full if the item is found to be indeed mis-described. No returns accepted after 30 days of the close of the auction. Shipping and Insurance are not refundable.

Disclaimer: Our No Reserve auctions are not approval sales. The descriptions and grades are qualified statements of good faith opinion. We are not to be bound by any prior or subsequent opinion, determination or certification by any independent grading service or others. All claims that an item is not authentic, must be made in writing, within 10 days of receipt of the item. No items are returnable 30 days after the end of the auction.




© 2009 Straits Trading. All Rights Reserved. Designed by Zigo Technology