New Guinea Silver Coin Melt Values - Live Calculator
The table below lists each denomination and computes live melt value from the current silver spot price of $66.84 per troy ounce.
| Coin | Face Value | Years | Fineness | Gross Weight (g) | ASW (g) | ASW (oz t) | Qty | Melt Value |
|---|---|---|---|---|---|---|---|---|
| Shilling | 1 | 1935 - 1945 | 0.925 | 5.38 | 4.98 | 0.16 | $0.00 | |
| Grand Total | $0.00 | |||||||
Country Silver Coin History
Early History
The history of silver coins in New Guinea is intertwined with the broader history of the region, including its periods of colonization. Before European contact, indigenous societies in New Guinea used various forms of barter and local currencies, such as shells and other natural items, but silver coins were not part of their monetary systems.
Colonial Era
With the advent of European colonization in the 19th and early 20th centuries, New Guinea saw the introduction of European currencies, including silver coins. The region was divided mainly between the German Empire (German New Guinea) and the British Empire, which later handed over control to Australia (Territory of Papua).
During German rule, the German Mark, including silver coins, was used in German New Guinea from the late 19th century until World War I. After World War I, the Treaty of Versailles resulted in the redistribution of German colonies, and Australia took control of German New Guinea, merging it with the Territory of Papua.
Australian Administration
Under Australian administration, the Australian pound, which included silver coins such as the shilling and florin, became the standard currency. These coins were used in New Guinea until the decimalization of the Australian currency in 1966, when the Australian dollar was introduced.
Post-Independence Era
In 1975, Papua New Guinea gained independence from Australia and introduced its own currency, the Papua New Guinean kina (PGK), which is subdivided into 100 toea. While modern coinage in Papua New Guinea includes various denominations, silver coins have become less common in daily transactions, much like in other parts of the world, as other metals have become more prevalent in coin production.
