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The second introduction of a dollar coin was started in 1960 as a copper-nickel coin of 30 mm in diameter, 2.25 mm thick, and weighing 11.66 g. The circulation of this coin was ended in 1978 with the issuance of a smaller coin of 25.50 mm in diameter, 1.95 mm thickness and weighing 7.10 g.
Obverse and reverses of Hong Kong coins – Bauhinia series since 1993. The Hong Kong coinage, including 10¢, 20¢, 50¢, $1, $2, $5 & $10, is issued by Hong Kong Monetary Authority on behalf of the Government of Hong Kong. From 1863 until 1992, these coins were embossed with the reigning British monarch's effigy.
In 1935 the Government of Hong Kong took over the issuing and became the sole issuer for this denomination. There was a continuous issue till the Second World War when it was replaced by the Japanese Military Yen , and this issue was resumed after the war in 1946, until 1960, when it was replaced with a coin.
The one-cent coin was the smallest-denomination coin of the Hong Kong dollar since 1866 until its replacement in 1941 by the one-cent note.During World War II the loss of coins dated 1941 along with their subsequent melting during the Japanese occupation of Hong Kong has resulted in the survival of no more than 100 coins.
Hong Kong uses a linked exchange rate system, trading since May 2005 in the range US$1:HK$7.75–7.85. Apart from its use in Hong Kong, the Hong Kong dollar is also used in neighbouring Macau. It is pegged at 1 Hong Kong dollar to 1.03 Macanese patacas, and is generally accepted at par or MOP 1.00 for retail purchases. [5]
In 1945, paper money production resumed essentially unaltered from before the war, with the government issuing notes of 1, 5 and 10 cents and 1 dollar, and the three banks issuing notes of 5, 10, 50, 100 and 500 dollars. 1-dollar notes were replaced by coins in 1960, with only the 1-cent note issued by the government after 1965.
The bauhinia series, without the queen's portrait, was issued in 1993. In 1997 a commemorative coin was issued for the hand over of Hong Kong to China. It featured an ox. Mintage years are as follows: 1951, 1958, 1960–61, 1963–68, 1970–75, 1977–80, 1990, 1993–95, 1997–98 and 2015.
The coin was not minted in 1869–71, 1878, 1896, and 1906–1932. The following copper-nickel denomination was identical in all aspects except the composition and weight: it weighed 1.36 grams, 0.02 grams heavier than the previous coin. This was a one-year type as it was replaced with a pure nickel coin in 1937.
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