Silver coin values below are based on live silver prices. Silver coins were in regular circulation in North Borneo. The values below represent the intrinsic value of silver coins from North Borneo. Silver coins from North Borneo that are in uncirculated condition, or that may be rare and collectible may also have numismatic value. You can use this table as a guide when buying and selling circulated or junk silver coins from North Borneo. The melt values are calculated and displayed in USD based on the current silver spot price of $27.94 per troy ounce.
| Denomination / Currency | Years Minted | Fineness | Gross Weight (g) | ASW (g) | ASW (oz t) | Melt Value |
|---|---|---|---|---|---|---|
| 25 Cents | 1929 | .500 | 2.83 | 1.42 | .0455 | $1.27 |
The use of silver coins in North Borneo has a rich and varied history that reflects the region's economic and colonial past. North Borneo, now known as Sabah, is located on the northern part of the island of Borneo and was once under the administration of various colonial powers.
Before the introduction of standardized coinage, trade in North Borneo was primarily conducted through a barter system. Various items, such as beads and shells, were used as mediums of exchange. However, as trade with neighboring regions flourished, particularly with Chinese and Malay traders, the use of silver coins became more prevalent.
The British North Borneo Company (BNBC) played a significant role in the economic development of North Borneo. Established in the late 19th century, the company was granted a royal charter to administer the territory. During this period, the BNBC introduced standardized coinage, including silver coins, to facilitate trade and economic transactions.
The silver coins issued by the British North Borneo Company were minted in various denominations, including the popular 50 cent and 25 cent pieces. These coins often featured the image of the reigning British monarch on one side and the company's coat of arms on the other. The silver content and design of these coins were intended to ensure their acceptance in both local and international markets.
During World War II, North Borneo fell under Japanese occupation. The Japanese introduced their own currency to replace the existing coinage, disrupting the established economic system. However, after the war, British administration was restored, and efforts were made to re-establish the pre-war currency system, including the reintroduction of silver coins.
Following the end of World War II, North Borneo became a British Crown Colony. The use of silver coins continued until the region joined the Federation of Malaysia in 1963, becoming the state of Sabah. After joining Malaysia, the Malaysian Ringgit became the official currency, and the use of North Borneo's silver coins gradually phased out.
Today, the silver coins of North Borneo are considered valuable collectibles, reflecting the region's rich history and its connections to the broader economic and colonial developments of Southeast Asia.