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Re: [St.H.Fam.Hist.] Currency

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  • Caroline Gaden
    Many thanks John, I guess in the early days there would have been some trading in coins as ships went to and from India and other places... a ready movement of
    Message 1 of 7 , Sep 14, 2010
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      Many thanks John, I guess in the early days there would have been some
      trading in coins as ships went to and from India and other places... a
      ready movement of sailors and troops, so if one person on the way 'home'
      to England could only pay in rupees for example I imagine the local
      shopkeepers would have been able to give change to another person
      heading in the opposite direction. The arithmetical skills for
      conversion must have been good and becuse it had a useful need, I'm sure
      the people all quickly learned to do it... best way to teach kids
      subtraction is the dart board!!
      Appreciate your help
      Cheers
      Caroline

      John Coyle wrote:
      >
      >
      > Hi Caroline - there certainly was a local currency in St. Helena: I have
      > an example of a halfpenny dated 1821, and I believe these are quite common.
      >
      > The coin is copper, 28mm in diameter, and the face bears the arms of the
      > East India Company, while the obverse has a wreath of laurel all around
      > the edge, and the words "S^t HELENA HALFPENNY" in a circular format next
      > inside. The date is in the centre, in a straight line.
      >
      > You can find an illustration here:
      >
      > ___http://tinyurl.com/29alty6_
      >
      > where it is described as a commemorative struck on Napoleon’s death
      >
      > or here
      >
      > ___http://tinyurl.com/39bre3b_
      >
      > which is a better illustration.
      >
      > HTH
      >
      > John Coyle
      >
      > Brisbane, Australia
      >
      > -----Original Message-----
      > From: st-helena-genealogy@yahoogroups.com
      > [mailto:st-helena-genealogy@yahoogroups.com] On Behalf Of Caroline Gaden
      > Sent: Monday, 13 September 2010 10:02 AM
      > To: St Helena list
      > Subject: [St.H.Fam.Hist.] Currency
      >
      >
      >
      > Hello Everyone
      >
      > I've been researching the monetary system in New South Wales from the
      >
      > arrival of the First Fleet and now have a better understanding of the
      >
      > mish-mash of various currencies in use eg Spanish dollars [minted in
      >
      > Mexico], rupee, mohur, pagoda, ducat, Johanna, promisary notes etc.
      >
      > In 1825 the British Government decreed that all 'colonies' should use
      >
      > the £ sterling as their basis but it took quite a while for this to take
      >
      > effect and the non-Sterling coins to disappear [about ten years in NSW].
      >
      > My questions relate to the East India Company in particular....the ships
      >
      > used St Helena as a 're-fueling' point on the way to India and also home
      >
      > again. Did St Helena have a similar variety of currency in use pre-1825?
      >
      > Was Sterling is use from the earliest days of the EIC or would a local
      >
      > currency have been acceptable to local traders?
      >
      > Many thanks
      >
      > Caroline
      >
      >
      >
      >
    • Caroline Gaden
      Hi Ted Wouldn t it be so much easier if there was just one currency world wide... with only one place where notes could be printed... but if we didn t have to
      Message 2 of 7 , Sep 14, 2010
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        Hi Ted
        Wouldn't it be so much easier if there was just one currency world
        wide... with only one place where notes could be printed... but if we
        didn't have to convert from one coinage to another our skills in
        arithmetic would go downhill!
        Cheers
        Caroline

        Ted Swart wrote:
        >
        >
        > What a fascinating question Caroline. As far as my own personal family
        > history is concerned I happen to have a great great grandfather Richard
        > Riley who got married on Tristan da Cunha to a Sarah Bassett Knipe from
        > St Helena -- with their children being born on Tristan. And coming
        > closer to home my wife and I got married in Rhodesia (now Zimbabwe)
        > which is in a total mess because of a reprehensible dictator Mugabe and
        > his cronies who have completely mismanaged the country (and committed
        > many heinous crimes) and all four of our children were born there
        > (before emigrating to Canada).
        >
        > And now you write about New South Wales (in Canada!) and its odd
        > mishmash of currencies in its early days which eventually got replaced
        > by the £ sterling. One of the striking examples of mismanagement of
        > Zimbabwe was the endless printing of evermore valueless bank notes by
        > Governor Gono of the Reserve Bank. I even have in my possession a fifty
        > trillion dollar (YES trillion) Zimbabwean note which was worth no more
        > than toilet paper soon after it was printed. Zimbabwe is now in
        > marginally better shape because the so-called Government of National
        > Unity (or GNU -- with apologies to the animal of that name) decided --
        > very sensibly -- to do the reverse of what happened in NSW.They have now
        > abandoned the use of Zim dollars and use instead a mishmash of
        > currencies -- American dollars, British pounds, South African rand &
        > Botswana pula and are in somewhat better financial shape (helped to a
        > significant extent by the discovery of huge diamond deposits).
        >
        > I could not help but notice the odd anti-link with NSW.
        >
        > Perhaps I may be forgiven for saying that -- knowing what happened in
        > Zimbabwe -- I am truly alarmed at the way in which the US is currently
        > printing mounds of money as if it is going out of fashion.
        >
        > Forgive me for going off at a tangent -- particularly since I do not
        > have anything to contribute to the currency story with respect to St
        > Helena.
        >
        > Best wishes to all of you,
        >
        > . . Ted Swart . .
        >
        >
        > On Mon, 2010-09-13 at 10:02 +1000, Caroline Gaden wrote:
        > >
        > > Hello Everyone
        > > I've been researching the monetary system in New South Wales from the
        > > arrival of the First Fleet and now have a better understanding of the
        > > mish-mash of various currencies in use eg Spanish dollars [minted in
        > > Mexico], rupee, mohur, pagoda, ducat, Johanna, promisary notes etc.
        > >
        > > In 1825 the British Government decreed that all 'colonies' should use
        > > the £ sterling as their basis but it took quite a while for this to
        > > take
        > > effect and the non-Sterling coins to disappear [about ten years in
        > > NSW].
        > >
        > > My questions relate to the East India Company in particular....the
        > > ships
        > > used St Helena as a 're-fueling' point on the way to India and also
        > > home
        > > again. Did St Helena have a similar variety of currency in use
        > > pre-1825?
        > > Was Sterling is use from the earliest days of the EIC or would a
        > > local
        > > currency have been acceptable to local traders?
        > >
        > > Many thanks
        > > Caroline
        > >
        > >
        > >
        > >
        > >
        >
        >
      • A.H.Schulenburg
        At the Volcano Club on the American base on Ascension Island you can pay in St Helena/Ascension coinage, but you ll always get the change in US Dollars.
        Message 3 of 7 , Sep 14, 2010
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          At the Volcano Club on the American base on Ascension Island you can pay in St Helena/Ascension coinage, but you'll always get the change in US Dollars.
           
          Regards,
          Alexander
           
          ----- Original Message -----
          Sent: Tuesday, September 14, 2010 7:14 PM
          Subject: Re: [St.H.Fam.Hist.] Currency

          Many thanks John, I guess in the early days there would have been some
          trading in coins as ships went to and from India and other places... a
          ready movement of sailors and troops, so if one person on the way 'home'
          to England could only pay in rupees for example I imagine the local
          shopkeepers would have been able to give change to another person
          heading in the opposite direction. The arithmetical skills for
          conversion must have been good and becuse it had a useful need, I'm sure
            the people all quickly learned to do it... best way to teach kids
          subtraction is the dart board!!
          Appreciate your help
          Cheers
          Caroline

          John Coyle wrote:

          >
          > Hi Caroline - there certainly was a local currency in St. Helena: I have
          > an example of a halfpenny dated 1821, and I believe these are quite common.
          >
          > The coin is copper, 28mm in diameter, and the face bears the arms of the
          > East India Company, while the obverse has a wreath of laurel all around
          > the edge, and the words "S^t HELENA HALFPENNY" in a circular format next
          > inside.  The date is in the centre, in a straight line.
          >
          > You can find an illustration here:
          >
          > ___http://tinyurl.com/29alty6_
          >
          > where it is described as a commemorative struck on Napoleon’s death
          >
          > or here
          >
          > ___http://tinyurl.com/39bre3b_
          >
          > which is a better illustration.
          >
          > HTH
          >
          > John Coyle
          >
          > Brisbane, Australia
          >
          > -----Original Message-----
          > From: st-helena-genealogy@yahoogroups.com
          > [mailto:st-helena-genealogy@yahoogroups.com] On Behalf Of Caroline Gaden
          > Sent: Monday, 13 September 2010 10:02 AM
          > To: St Helena list
          > Subject: [St.H.Fam.Hist.] Currency
          >

          >
          > Hello Everyone
          >
          > I've been researching the monetary system in New South Wales from the
          >
          > arrival of the First Fleet and now have a better understanding of the
          >
          > mish-mash of various currencies in use eg Spanish dollars [minted in
          >
          > Mexico], rupee, mohur, pagoda, ducat, Johanna, promisary notes etc.
          >
          > In 1825 the British Government decreed that all 'colonies' should use
          >
          > the £ sterling as their basis but it took quite a while for this to take
          >
          > effect and the non-Sterling coins to disappear [about ten years in NSW].
          >
          > My questions relate to the East India Company in particular....the ships
          >
          > used St Helena as a 're-fueling' point on the way to India and also home
          >
          > again. Did St Helena have a similar variety of currency in use pre-1825?
          >
          > Was Sterling is use from the earliest days of the EIC or would a local
          >
          > currency have been acceptable to local traders?
          >
          > Many thanks
          >
          > Caroline
          >
          >
          >
          >


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        • Ally Morgan
          As a very proud Aussie, Ted, I think Caroline was talking about Oz, not Canada. I remember being in Zimbabwe a few years back and being offered a huge pile
          Message 4 of 7 , Sep 14, 2010
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            As a very proud Aussie, Ted, I think Caroline was talking about Oz, not Canada.   I remember being in Zimbabwe a few years back and being offered a huge pile of Zim in exchange for a much smaller bundle of Zam. Oh dear, what a mess we've made of the world!
            Cheers,
            Ally
            ----- Original Message -----
            From: Ted Swart
            Sent: Monday, September 13, 2010 1:30 PM
            Subject: Re: [St.H.Fam.Hist.] Currency

             

            What a fascinating question Caroline. As far as my own personal family
            history is concerned I happen to have a great great grandfather Richard
            Riley who got married on Tristan da Cunha to a Sarah Bassett Knipe from
            St Helena -- with their children being born on Tristan. And coming
            closer to home my wife and I got married in Rhodesia (now Zimbabwe)
            which is in a total mess because of a reprehensible dictator Mugabe and
            his cronies who have completely mismanaged the country (and committed
            many heinous crimes) and all four of our children were born there
            (before emigrating to Canada).

            And now you write about New South Wales (in Canada!) and its odd
            mishmash of currencies in its early days which eventually got replaced
            by the £ sterling. One of the striking examples of mismanagement of
            Zimbabwe was the endless printing of evermore valueless bank notes by
            Governor Gono of the Reserve Bank. I even have in my possession a fifty
            trillion dollar (YES trillion) Zimbabwean note which was worth no more
            than toilet paper soon after it was printed. Zimbabwe is now in
            marginally better shape because the so-called Government of National
            Unity (or GNU -- with apologies to the animal of that name) decided --
            very sensibly -- to do the reverse of what happened in NSW.They have now
            abandoned the use of Zim dollars and use instead a mishmash of
            currencies -- American dollars, British pounds, South African rand &
            Botswana pula and are in somewhat better financial shape (helped to a
            significant extent by the discovery of huge diamond deposits).

            I could not help but notice the odd anti-link with NSW.

            Perhaps I may be forgiven for saying that -- knowing what happened in
            Zimbabwe -- I am truly alarmed at the way in which the US is currently
            printing mounds of money as if it is going out of fashion.

            Forgive me for going off at a tangent -- particularly since I do not
            have anything to contribute to the currency story with respect to St
            Helena.

            Best wishes to all of you,

            . . Ted Swart . .


            On Mon, 2010-09-13 at 10:02 +1000, Caroline Gaden wrote:
            >
            > Hello Everyone
            > I've been researching the monetary system in New South Wales from the
            > arrival of the First Fleet and now have a better understanding of the
            > mish-mash of various currencies in use eg Spanish dollars [minted in
            > Mexico], rupee, mohur, pagoda, ducat, Johanna, promisary notes etc.
            >
            > In 1825 the British Government decreed that all 'colonies' should use
            > the £ sterling as their basis but it took quite a while for this to
            > take
            > effect and the non-Sterling coins to disappear [about ten years in
            > NSW].
            >
            > My questions relate to the East India Company in particular....the
            > ships
            > used St Helena as a 're-fueling' point on the way to India and also
            > home
            > again. Did St Helena have a similar variety of currency in use
            > pre-1825?
            > Was Sterling is use from the earliest days of the EIC or would a
            > local
            > currency have been acceptable to local traders?
            >
            > Many thanks
            > Caroline
            >
            >
            >
            >
            >

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