This coin is made by VEIC, Struck by Royal mint, London. On the obverse bore the year mintage and coat of arm with inscription Auspicio Regis et senatus anglie which mean under the auspices of the king and the english parliment. On the reverse is a lily cups wreath with arabic inscription "pulau pinang" (island of Penang). My coin here is struck by Madras mint which is inferior then the former.
1810 : minted by Royal Mint, London
1825 & 1828 : minted by Madras Mint, India
East India House
East India company is English chartered company formed for trade with East and Southeast Asia and India, incorporated in 1600. It began as a monopolistic trading body, establishing early trading stations at Surat, Madras (now Chennai), Bombay (Mumbai), and Calcutta (Kolkata). Trade in spices was its original focus; this broadened to include cotton, silk, and other goods. In 1708 it merged with a rival and was renamed the United Co. of Merchants of England Trading to the East Indies. Becoming involved in politics, it acted as the chief agent of British imperialism in India in the 18th – 19th century, exercising substantial power over much of the subcontinent.
The company's activities in China in the 19th century served as a catalyst for the expansion of British influence there; its financing of the tea trade with illegal opium exports led to the first Opium War (1839 – 42). From the late 18th century it gradually lost both commercial and political control; its autonomy diminished after two acts of Parliament (1773, 1774) established a regulatory board responsible to Parliament, though the act gave the company supreme authority in its domains. It ceased to exist as a legal entity in 1873.
source: Malaysia, Brunei & Singapore banknotes & coins book by K.N Boon, answer.com
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