Silver Ten Ounces 2022 East India Company, Coin from Saint Helena - detailed information

Silver Ten Ounces 2022 East India Company, Coin from Saint Helena
CoinSilver Ten Ounces 2022 East India Company

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 very large silver ten ounces (10 oz silver) format, usually denominated as £10.

This rectangular coin has the same form factor as a silver bar, but is legal tender bullion issued by The East India Company (modern) to commemorate the history of the British East India Company.

The East India Company (EIC), also known as the Honourable East India Company (HEIC), East India Trading Company (EITC), the English East India Company or (after 1707) the British East India Company, was an English, and later British, joint-stock company founded in 1600. It was formed to trade in the Indian Ocean region, initially with the East Indies (the Indian subcontinent and Southeast Asia), and later with Qing China. The company seized control of large parts of the Indian subcontinent, colonised parts of Southeast Asia and Hong Kong after the First Opium War, and maintained trading posts and colonies in the Persian Gulf Residencies.

Originally chartered as the "Governor and Company of Merchants of London Trading into the East-Indies", the company rose to account for half of the world's trade during the mid-1700s and early 1800s, particularly in basic commodities including cotton, silk, indigo dye, sugar, salt, spices, saltpetre, tea, and opium. The company also ruled the beginnings of the British Empire in India. The company eventually came to rule large areas of India, exercising military power and assuming administrative functions. Company rule in India effectively began in 1757 after the Battle of Plassey and lasted until 1858 when, following the Indian Rebellion of 1857, the Government of India Act 1858 led to the British Crown assuming direct control of India in the form of the new British Raj.

Despite frequent government intervention, the company had recurring problems with its finances. The company was dissolved in 1874 as a result of the East India Stock Dividend Redemption Act enacted one year earlier, as the Government of India Act had by then rendered it vestigial, powerless, and obsolete. The official government machinery of the British Raj had assumed its governmental functions and absorbed its armies.

For more than 200 years, EIC ships relied on the safe harbour and supplies of St. Helena to make the trip between Britain and its ports in the East Indies. The company owned the island from 1659 until 1834.

MintEast India Company (modern) Mint MarkEIC in heart Total Mintageunknown
Saint Helena / Silver Ten Ounces 2022 East India Company - obverse photo

The obverse of the coin shows the crowned bust of Queen Elizabeth II, facing right (her effigy known as the "Third Portrait"). 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.

Incuse in tiny letters on the neck truncation, the designer's initials RDM (for Raphael David Maklouf).

The portrait is in a small oval cartouche, crowned with St Edward's Crown.

Above, the inscription ST HELENA, below which the face value £10 (ten pounds) is separated from the date of issue 2022 by the crown.

On two lines below, the precious metal content 10 oz FINE SILVER 999 (ten troy ounces of 99.9% silver), below which the monarch's legend HM QUEEN ELIZABETH II.

Obverse Inscription ST HELENA £10 2022 10 oz FINE SILVER 999 HM QUEEN ELIZABETH II
Saint Helena / Silver Ten Ounces 2022 East India Company - reverse photo

The reverse design shows a trading ship of the East India Company, sailing through calm waters. The background has "rhumb lines" as on a nautical map; these radiate from a centre in the direction of wind or compass points and were used by pilots to lay courses from one harbour to another.

Above the ship, on four lines the inscription THE EAST INDIA COMPANY LONDON.

Above that, the heart-shaped EIC mint mark of the East India Company - the initials are in a saltire (diagonal cross) within a heart shape, crested with a 4.

EdgePlainEdge InscriptionNone

Finish: bullion (Brilliant Uncirculated).
Packaging: individual coin in sealed plastic, or 10 in a box, or 50 in a master box.
Date of issue: December 2021.

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Silver Ten Ounces 2022 East India Company: Details
CountrySaint Helena
CurrencySaint Helena Pound
Coin TypeSilver Ten Ounces (10 oz)
MonarchQueen Elizabeth II
EffigyQueen Elizabeth II - Third Portrait, by Raphael Maklouf
Face Value10 (x Pound)
Material0.999 Silver
TechnologyMilled (machine-made)
OrientationMedal Alignment (Axis 0)
Size46.4 x 90.5 mm
Thickness7.000 mm
Mass311.0000 g
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Silver Ten Ounces 2022 East India Company: Photos
2022 10 oz St. Helena Rectangular Silver East India Company Coin
Copyright: JM Bullion
2022 10 oz St. Helena Rectangular Silver East India Company Coin
Copyright: JM Bullion