Kalākaua coinage
Kalākaua coinage.
The Kalākaua coinage is a set of silver coins of the Kingdom of Hawaii dated 1883. They were designed by Charles E. Barber, Chief Engraver of the United States Bureau of the Mint, and were struck at the San Francisco Mint. The issued coins are a dime, quarter dollar, half dollar, and dollar (pictured). No immediate action had been taken after the 1880 act authorizing the coins, but King Kalākaua was interested, and government officials saw a way to get out of a financial bind by getting coins issued in exchange for government bonds. The coins entered circulation in early 1884. After legal maneuvering by the business community in Honolulu, who feared inflation of the currency in a time of recession, the government agreed to use over half of the coinage as backing for paper currency. The coins were more eagerly accepted after the economy picked up in 1885. In 1903, after Hawaii became a territory, Congress called in the coins, replacing them with US currency.
The Kalākaua coinage is a set of silver coins of the Kingdom of Hawaii dated 1883. They were designed by Charles E. Barber, Chief Engraver of the United States Bureau of the Mint, and were struck at the San Francisco Mint. The issued coins are a dime, quarter dollar, half dollar, and dollar (pictured). No immediate action had been taken after the 1880 act authorizing the coins, but King Kalākaua was interested, and government officials saw a way to get out of a financial bind by getting coins issued in exchange for government bonds. The coins entered circulation in early 1884. After legal maneuvering by the business community in Honolulu, who feared inflation of the currency in a time of recession, the government agreed to use over half of the coinage as backing for paper currency. The coins were more eagerly accepted after the economy picked up in 1885. In 1903, after Hawaii became a territory, Congress called in the coins, replacing them with US currency.
