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Malta
coins along the years
By Joseph C. Sammut
CM KM
Romano-Maltese Coins-
It’s surprising to many that Maltese coins can be traced back to the 3rd
century BC. In 218BC, the Carthaginian garrison on Malta commanded by
Hamilcar surrendered to a Roman expeditionary force led by Consul Tiberius
Sempronius Longus. Henceforth the Maltese islands passed under Roman control
and began to form part of the praetorship of Sicily and were subsequently
granted the status of their own money. Maltese coins of the Roman period
were presumably circulated during the last two centuries BC and in their
majority were all struck on the Roman weight standard, the bronze As. These
coins including those of Malta’s sister island-Gozo- are all in bronze, the
only metal Rome allowed to be coined in Sicilian municipia.

Semis bearing Phoenician inscription (c. 175Bc)
Besides
the deep religious convictions these Romano – Maltese coins indicate the
gradual development of culture in Roman Malta; from a Punic culture, to
Punic – Greek, Graeco – Roman and finally to a Latin one. The earliest coins
bear the pre-Roman name of Malta – ANN (Gbonan) shown by the trilitic
inscription aleph, nun, nun. Later issues though remaining Punic in design
have Greek inscriptions – MEΛITAIΩN
(of the Maltese) or ΓAYΛITAIΩN
(of the
Gozitans).

Semis with Greek inscritpion (c.125BC)
The Romanization of Maltese culture is finally reflected in the
coins issued at the close of the first century BC and which have the Latin
inspiration – MELITAS (of Malta) – on its own. After the first century there
is no evidence that any more Romano-Maltese coins were struck and, the Roman
metropolitan coinage which at the time was current throughout the Empire,
became the standard currency in the Maltese islands.

Triens with Latin inscription (c. 89BC)
Medieval currency –
Between the division of the Roman Empire in AD395 and the arrival of the Hospitaller Order of St John in 1530, the circulating medium in the Maltese
islands consisted of coins of their successive rulers: Arabs (870-1090);
Normans (1127-94); Swabians (1194-1266); Angevines (1266-83); and Aragonese
(1284-1530). Although no Maltese coins of the medieval period are known to
exist either in public or private collections references to Maltese specie
can be found in official documents and noTaŕal acts of the Middle Ages.
This money is referred to as pecunia e moneta Malte and pecunia e
moneta Gaudisij. According to both Sicilian and Maltese documentation
the value of these Maltese coins was one-seventh of the Sicilian (moneta
Malte que computator ad racionem de septem pro una de moneta Sicilie).

Quincunx of Gozo (c. 40BC)
Their presumed and possible existence, will for many years, remain a
vexata quasetio between the historian and the numismatist.
The coinage of the Order – Charles V, King of
Spain and titular head of the Holy Roman Empire conceded the Maltese islands
and the Fortress of Tripoli to the Hospitaller Order of St John on 23 March
1530. After many negotiations and the intersession of His Holiness Clement
VII – the Order also acquired the right of minting it’s own coins in Malta.

4 Taŕ of Jean de Valette
(1557-1568)

Zecchino of Pierto del Monte (1568-72)
Throughout the Order’s rule (1530 1798) various gold,
silver and copper coins were struck at first in the castle of St Angelo in
Birgu and, after 1573 in the Tower of the Magistral Palace in Valletta., At
some stage during the rule of Grand Master Alof de Wignacourt (1601-22) the
Order’s mint was installed in a house at the top of Mint street and in about
1788 it was relocated in the Conservatoria, now the Natioanal Library of
Malta.

Copper Fiduciary Taŕ
Jean Paul Lascaris Castellar (1636-57)
In 1609 the Order decided to adapt its monetary system to that of Sicily and
after that year coins minted at the Malta mint began to conform in weight
and fineness to those struck at the mint in Messina. Denominations in the
Order’s coinage included the 12, 10.4,2 and 1 Zecchini gold pieces as well as the
20, 10 and 5 Scudi pieces,also in gold. In the silver series there were the 30, 16, 15,
12, 8, 6, 4, 3, 2, and 1 Taŕ, the 2 Scudi and 1 Scudo as well as the
Carlino Cinquina and Half Cinquina. The copper coinage consisted of
denominations of 4, 2 and 1 Taŕ, the Carlino, Cinquina, Half Cinuina, Grano, 3
Piccoli and Picciolo.

12 Zecchini of Antonio Manoel de Vilhena (1722-36)
The Zecchino, called by the Maltese Zekkin or Skud tad-deheb was the
standard coin for the Gold coinage. The Scudo ( Skud tal-fidda), the
standard unit of account, was equal to 12 Taŕ, each Taŕ being equal to 20
Grani. The Grano was subdivided into 6 Piccioli (Dinieri).

5 Scudi of Emmanuel de Rohan (1775-97)
The 4, 2 and 1 Taŕ denominations in copper were first minted in 1566 as
coins of nominal value or as token money because the Order was then in dire
need of funds to meet the expenses involved in the building of the new city
Valletta. Similar fiduciary coins were struck in subsequent years and these
continued to pass current in Malta at par with Sicilian silver and to
maintain their value with local silver coins until 1636 as the amount put in
circulation until that year had been more less proportionate to the internal
needs of the island. However the re-issue of an excessive amount of similar
token money during the magistracy of Jean-Paul Lascaris Castellar (1636-57)
caused much hardship and unbalanced the rate of exchange between silver and
copper.

Silver Seige Ingot (1799)

Gold Seige Ingot (1799)

30 Taŕ struck during
blockade of the French in Malta
Currency during French rule – After the
surrender of Malta to Napoleon in June 1978 and the departure of the Knights
of St John, the French seized whatever gold and silver and precious stones
from the Conventual Church of St. John, other churches and institutions.
Some of the silver confiscated was taken to the mint and converted into 30
and 15 Taŕ pieces bearing the bust and arms of Ferdinand von Hompsech, the
last Grand Master to govern Malta. Following the revolt of the Maltese
against the French garrison , the Monte di Pietà, a state-owned pawning
institution, was in 1799 stripped of all gold and silver articles to finance
the troops. During the subsequent blockade no minting could be carried out
due to the lack of certain materials and the confiscated gold and silver of
the Monte were converted into ingots, stamped with their intrinsic value and
circulated as money.
Currency during British Rule – With the advent of the British
Protectorate in 1800 the mint ceased to function and the machinery was taken
to the Civil Arsenal also in Valletta. In 1828, after being polished and put
in working order, it was sold to the Greek Government for the pretty sum of
£100.
During the first fifty years of British rule the circulating medium in Malta
consisted of the remaining coins of the Order of St John, a pot-pourri of
foreign coins Such as Sicilian denominations, Spanish, Mexican and South
American doubloons and dollars as well as British coins declared legal
current in June 1825. The copper coins declared legal current in June 1825.
The copper coins of the Knights were demonetised in 1827 when a copper coin
called the British Grain (1/3 Farthing – Il- HABBA) was struck at the Royal
Mint for exclusive use in Malta.

Il-Habba or British Grain
In October 1855 British coins were declared the sole tender with remaining
gold and silver of the Order whilst all foreign coins demonetized. Despite
this demonetization, the Sicilian dollar continued to dominate the local
circulation, until it was finally withdrawn in 1886 when it was demonetized
by the Italian Government. Concurrently the remaining gold and silver coins
of the Knights were also drawn so that Sterling was placed beyond doubt as
the sole legal tender currency of Malta.
Malta’s Decimal Currency – British coins remained legal until they
were demonetized in stages during 1971/72, Malta changed over to a decimal
currency and abandoned the old British systems of Pounds, Shillings and
Pence. The Malta Pound (renamed Maltese Lira in 1983) was divided into 100
cents and 1 cent coins issued 10 mils. The first set of decimal coins issued
in 1972 consisted of eight denominations: 50c., 10c., 5c., and 2c., in
copper nickel:1c. in bronze and 5m., 3m. and 2m.in aluminium. An octagon
25c.denominations in brass was introduced in December 1975. A second Maltese
Decimal set of seven definitive coins in denominations of Lm1, 50c., 25.,
10., 2c., and 1c. was issued between May 1986 and November 1987. The common
reverse of this set showed the emblem of the Republic of Malta established
by Act.No. XXXIII of 1972, also issued a number of non-circulating legal
tender coins for numismatic purpose.

Oblong shaped Lm5 coin issued by the Central Bank
of Malta in October 2000 showing on its obverse the emblem of the Republic
of Malta and the armorial bearings of the Bank. On the reverse there are
depicted two Romano-Maltese coins. Photo: Central Bank of Malta.
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