Colonial Gold - Gold Star Pagoda

Colonial Gold - Gold Star Pagoda

The Cape Colony experienced an accute shortage of currency and hence various currencies were used and accepted at various times.

The coins are mentioned by Codrington, who states It was in use in Ceylon in 1777 and also under the British.
Under the dutch the Star Pagoda was worth 30.5 fanams, and increased in value relative to the Ceylon Stuiver under the British. The exchange on 1796 March 22 was 1 Star Pagoda = 45 fanams. About 17% higher than the Porto Novo = 38.5 fanams. Over the period 1802,1807,1809,1813 the Star Pagoda rose in value to 48,60,70,80 fanams as the Rix Dollar dropped to it's intrinsic value of Silver. In 1819 it was 8 Shillings, or 54 6/7 fanams.