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At the time of the currency's introduction, 1969, coins of 1 cent (1.2 pence), 5 cents (6 pence), 10 cents (1 shilling), 20 cents (2 shillings), and 25 cents (2 shillings 6 pence) were produced. With the exception of a smaller bronze 1 cent, the compositions, sizes, and shapes of the coins were identical to those they replaced.
Their notes were issued on May 1, 1961, in denominations of 5/–, 10/–, £1 and £5. On January 30, 1968, the Jamaican House of Representatives voted to decimalise the currency, introducing a new dollar worth 10/–, and divided into 100 cents (1 cent thus being equal to exactly 1 1 ⁄ 5 d).
[1] [2] When Jamaica went decimal in 1969, the new Jamaican dollar was in effect a half-pound. Jamaica and the Cayman Islands were therefore the only territories in the British West Indies to continue with a descendent unit of the pound sterling. (See the main article at Jamaican pound.)
Historically, soldiers serving overseas had been paid in local currency rather than in their "home" currency. [1] Most cash drawn by soldiers would go directly into the local economy, and in a damaged economy the effects of a hard currency such as the dollar circulating freely alongside weaker local currencies could be very problematic, risking severe inflation.
Coins were introduced in 1955 in denominations of 1 ⁄ 2, 1, 2, 5, 10, 25 and 50 cents, minted under the name of "British Caribbean Territories, Eastern Group". The 1 ⁄ 2, 1, and 2 cent coins were bronze and of the same weight and diameter as British farthing, halfpenny, and one penny coins. The 5 cents coin was brass while the 10, 25, and ...
Breen suggested that the difficulties in striking the piece contributed to the willingness to replace it after World War II. [ 54 ] No Walking Liberty half dollar is especially rare, [ 55 ] but many dates are scarce in mint state condition, particularly the 1921 and 1921-D. [ 50 ] The Mint struck proof coins in 1916–1917 and 1936–1942, all ...
In 1982, a new series of coins was introduced in denominations of 1, 2, 5, 10 and 25 cents and 1 dollar. The 1 and 5 cent coins were scalloped in shape while the 2 cent coin was square. These three were struck in aluminum. The 10 and 25 cent coins were round and cupro-nickel. The dollar was aluminum bronze and also round. The round, aluminum ...
A one-cent coin or one-cent piece is a small-value coin minted for various decimal currencies using the cent as their hundredth subdivision. Examples include: the United States one-cent coin, better known as the US penny; the Canadian one-cent piece, better known as the Canadian penny; the Australian one-cent coin; the New Zealand one-cent coin