British East India Company, the Madras Presidency, Gold ‘Star’ Pagoda (3.37g, 10mm), Madras mint 1740-1806 AD. Obverse: Half-figure of Vishnu facing forward, cross of beads either side. Reverse: Star in relief surrounded by granulated field. Stevens-1.11; KM-303. Well centred and attractive, virtually Mint State.
The gold Pagoda of the Madras Presidency, a sub-division of the British Empire in India, was one of the denominations chosen during the Australian Proclamation of 1800 by Philip Gidley King, the Governor of New South Wales. It had a high face value of Eight Shillings in order to disincentivize the removal of currency from within the Australian colonies. This coin, although a type struck by the Honourable British East India Company for use within British India, is still considered a piece of Australia’s early colonial history as a proclamation piece.