Silver Crown 2017 Testern, Coin from Saint Helena - detailed information

Silver Crown 2017 Testern, Coin from Saint Helena
CoinSilver Crown 2017 Testern

Saint Helena is a small island in the South Atlantic Ocean which is part of the British overseas territory of Saint Helena, Ascension and Tristan da Cunha. The currency of the island is the Saint Helena pound, fixed at parity with the pound sterling. The island has authorised some private mints to issue coins under its jurisdiction, which come in a variety of sizes - including in the popular silver ounce (1 oz silver) format, usually denominated as £1.

This coin (denominated as 25 pence - like the early decimal crown coins) depicts a Testern Silver Coin, also known as Portcullis Money; it is slightly lighter than an ounce, as it has the weight of the original testern coin.

The Mint says about it:
One of Britain’s rarest coins, the Testern was nicknamed "Portcullis Money" for its notable design and was minted originally for the British East India Company to use in overseas trade. The 2017 issue is only the second ever minting of the Testern, with a design based on the iconic portcullis engraving of its seventeenth century predecessor.

The Testern coin (also spelled Testoon) was Britain’s very first colonial coinage. Minted under the direct instruction of Queen Elizabeth I in 1601 by the Royal Mint in the Tower of London (then known as the Tower Mint), specially for The East India Company’s maiden voyage, it was the very first currency minted specifically for trade outside Britain.

Following the defeat of the Spanish Armada and the death of King Phillip of Spain, the English colonial era of exploration and empire began in earnest. Queen Elizabeth I was not to see the full consequences of her action when she granted The East India Company its first monopoly of trade with the East. It was to begin over 270 years of Empire, trade and conquest, stretching from India, Singapore and Hong Kong in the Far East to the Americas. The monarch insisted that The Company take specially minted coins on each voyage as set out in its Charter of 1600. According to legend she wanted the world to know that she was just as powerful as arch rival, the King of Spain.

To demonstrate her power she would need her own trade currency which, in order to be effective, would need to be based on the existing international trade coin of the time - the Spanish Real - in both size and weight. Thus the Testern was minted to the exact same specification as the Spanish 8 Real denomination - the internationally recognised Spanish trade coin, commonly known as "Pieces of Eight" and considered to be the first world global trade coin. Just over £6,000 worth of Portcullis Money was loaded onto four East India Company ships leaving Woolwich, England in February 1601. They were the first British coins to feature the legendary Portcullis motif (later made famous on the first decimal penny). Interestingly, not all the coins were shipped and The Company opted to strike an extra £20 worth for presentation to the Lords of the Council and other dignitaries. It is probably these coins that make up the few available to collectors today. Most that sailed to the East on Company ships were likely to have been melted down and re-minted to local currency.

MintEast India Company (modern) Mint MarkNo mint mark Total Mintage10,000
Obverse
Saint Helena / Silver Crown 2017 Testern - obverse photo

The obverse of the coin shows the crowned bust of Queen Elizabeth II, facing right - her effigy known as the "Third Portrait", in its "uncouped" version extending to her shoulders. The Queen is wearing the royal diadem which she wears on her way to and from the State Opening of Parliament, a pearl necklace and earrings.

In tiny letters on the shoulder truncation, the designer's initials RDM (for Raphael David Maklouf).

Around, the monarch's legend, the face value and the date of issue: ST. HELENA · QUEEN ELIZABETH II · 25 PENCE · 2017 ·.

Obverse Inscription ST. HELENA · QUEEN ELIZABETH II · 25 PENCE · 2017 ·
Reverse
Saint Helena / Silver Crown 2017 Testern - reverse photo

Within a toothed circle, the reverse of the coin shows a crowned portcullis with chains - an adaptation of the Badge of King Henry VII and now the Badge of the Palace of Westminster.

Around above, the inscription EAST INDIA COMPANY; around below, · TESTERN ·.

Reverse Inscription EAST INDIA COMPANY · TESTERN ·
EdgeMilledEdge InscriptionNone
Notes

Finish: antique.
Packaging: in presentation box, with a Certificate of Authenticity.
East India Company SKU: T20171OZ
Issue price: £99.00

All (26) coins of type: Silver Ounce (1 oz)
Coin NameMintageEffigyLegend
Silver Crown 2017 Testern 10,000 Queen Elizabeth II - Uncouped Portrait by Raphael Maklouf ST. HELENA · QUEEN ELIZABETH II · 25 PENCE · 2017 ·
Silver Ounce 2019 Empire - Queen Elizabeth I 1,000 Queen Elizabeth II - Uncouped Portrait by Jody Clark ELIZABETH II · D · G · REGINA · F · D · ST. HELENA · 25 PENCE · 2019 ·
Silver Ounce 2019 Empire - James I 1,000 Queen Elizabeth II - Uncouped Portrait by Jody Clark ELIZABETH II · D · G · REGINA · F · D · ST. HELENA · 25 PENCE · 2019 ·
Silver Ounce 2019 Empire - Charles II 1,000 Queen Elizabeth II - Uncouped Portrait by Jody Clark ELIZABETH II · D · G · REGINA · F · D · ST. HELENA · 25 PENCE · 2019 ·
Silver Ounce 2019 Empire - William III 1,000 Queen Elizabeth II - Uncouped Portrait by Jody Clark ELIZABETH II · D · G · REGINA · F · D · ST. HELENA · 25 PENCE · 2019 ·
Silver Ounce 2019 Empire - Queen Anne 1,000 Queen Elizabeth II - Uncouped Portrait by Jody Clark ELIZABETH II · D · G · REGINA · F · D · ST. HELENA · 25 PENCE · 2019 ·
Silver Ounce 2019 Empire - George II 1,000 Queen Elizabeth II - Uncouped Portrait by Jody Clark ELIZABETH II · D · G · REGINA · F · D · ST. HELENA · 25 PENCE · 2019 ·
Silver Ounce 2019 Empire - George III 1,000 Queen Elizabeth II - Uncouped Portrait by Jody Clark ELIZABETH II · D · G · REGINA · F · D · ST. HELENA · 25 PENCE · 2019 ·
Silver Ounce 2019 Empire - William IV 1,000 Queen Elizabeth II - Uncouped Portrait by Jody Clark ELIZABETH II · D · G · REGINA · F · D · ST. HELENA · 25 PENCE · 2019 ·
Silver Ounce 2019 Empire - Queen Victoria 1,000 Queen Elizabeth II - Uncouped Portrait by Jody Clark ELIZABETH II · D · G · REGINA · F · D · ST. HELENA · 25 PENCE · 2019 ·
Silver Ounce 2020 Una and the Lion, Proof 1,250 Queen Elizabeth II - Uncouped Portrait by Jody Clark ELIZABETH II · D · G · REGINA · F · D · ST. HELENA · 1 POUND ·
Silver Ounce 2021 Masterpiece - Una and the Lion 2,000 Queen Elizabeth II - Uncouped Portrait by Jody Clark ELIZABETH II · D · G · REGINA · F · D · ST. HELENA · 1 POUND ·
Silver Ounce 2021 Una and the Lion, Proof 1,750 Queen Elizabeth II - Uncouped Portrait by Jody Clark ELIZABETH II · D · G · REGINA · F · D · ST. HELENA · 1 POUND ·
Silver Ounce 2021 The Three Graces 3,000 Queen Elizabeth II - Uncouped Portrait by Jody Clark ELIZABETH II · D · G · REGINA · F · D · ST. HELENA · 1 POUND · 2021 ·
Silver Ounce 2021 Napoleon's Angel, Proof 2,642 Queen Elizabeth II - Uncouped Portrait by Jody Clark ELIZABETH II · D · G · REGINA · F · D · ST. HELENA · 1 POUND · 2021 ·
Silver Ounce 2021 Napoleon 200th Anniversary 1,821 Queen Elizabeth II - Uncouped Portrait by Jody Clark ST. HELENA · 2021 ELIZABETH II · ONE POUND ·
Silver Ounce 2021 Napoleon - Bees 1,000 Queen Elizabeth II - Uncouped Portrait by Jody Clark ELIZABETH II · D · G · REGINA · F · D · ST. HELENA · 1 POUND · 2021 ·
Silver Ounce 2021 Napoleon - Monogram 1,000 Queen Elizabeth II - Uncouped Portrait by Jody Clark ELIZABETH II · D · G · REGINA · F · D · ST. HELENA · 1 POUND · 2021 ·
Silver Ounce 2021 Queen's Virtues - Victory, Proof 3,250 Queen Elizabeth II - Uncouped Portrait by Jody Clark QUEEN ELIZABETH II · ST. HELENA · ONE POUND · 2021 ·
Silver Ounce 2021 Queen's Virtues - Truth 3,250 Queen Elizabeth II - Uncouped Portrait by Jody Clark QUEEN ELIZABETH II · ST. HELENA · ONE POUND · 2021 ·
Silver Ounce 2022 Una and the Lion, Proof 1,500 Queen Elizabeth II - Uncouped Portrait by Jody Clark ELIZABETH II · D · G · REGINA · F · D · ST. HELENA · 1 POUND ·
Silver Ounce 2022 Gothic Crown 2,000 Queen Elizabeth II - Uncouped Portrait by Jody Clark ELIZABETH II · D · G · REGINA · F · D · ST. HELENA · ONE POUND ·
Silver Ounce 2022 Platinum Jubilee 2,022 Queen Elizabeth II - Uncouped Portrait by Jody Clark ELIZABETH II · D · G · REGINA · F · D · ST. HELENA · 1 POUND 2022 ·
Silver Ounce 2022 Faerie Queene 1,000 Queen Elizabeth II - Uncouped Portrait by Jody Clark ELIZABETH II · D · G · REG · F · D · ST. HELENA · 2022 · 1 POUND ·
Silver Ounce 2022 Goddess Hera 1,000 Queen Elizabeth II - Uncouped Portrait by Jody Clark ELIZABETH II · D · G · REG · F · D · ST. HELENA · 2022 · 1 POUND ·
Silver Ounce 2022 Queen's Virtues - Charity 3,250 Queen Elizabeth II - Uncouped Portrait by Jody Clark QUEEN ELIZABETH II · ST. HELENA · ONE POUND · 2022 ·
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Silver Crown 2017 Testern: Details
CountrySaint Helena
CurrencySaint Helena Pound
Coin TypeSilver Ounce (1 oz)
Issued2017
MonarchQueen Elizabeth II
EffigyQueen Elizabeth II - Portrait by Raphael Maklouf (Uncouped version)
Face Value25 (x Penny)
Total Mintage10,000
Mintage Limit10,000
CurrentYes
Material0.999 Silver
TechnologyMilled (machine-made)
ShapeRound
OrientationMedal Alignment (Axis 0)
Size38.610 mm
Mass26.700 g
OCC IDRWKZ-OJNC-QAVQ-OXGL
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Silver Crown 2017 Testern: Photos
ImageDetails
Coin, Saint Helena, Silver Crown 2017 Testern
Copyright: The East India Company
Source
Coin, Saint Helena, Silver Crown 2017 Testern
Copyright: The East India Company
Source
Coin, Saint Helena, Silver Crown 2017 Testern
Copyright: The East India Company
Source