In 1959, Hawaii officially joined the United States, becoming the 50th and final state to become a part of the union. Before this, Hawaii had already created an intricate currency system unique to the islands. After becoming a state, Hawaiian coins were taken out of circulation and replaced by the dollar, but many can still be found today. If you come across any Hawaiian coins, learn about their history and what to do with them in the guide below.

The Origin of Hawaiian Coins

Before becoming an official U.S. state, Hawaii already used American money, but in the 1800s, there was a constant shortage of coined money available on the islands. In 1847, King Kamehameha III created Hawaii’s first set of coins tied to the currency rate of the United States. He believed having a Hawaiian currency tied to the dollar would make exchanging goods and services easier, and the islands wouldn’t run out of coined money.

Over the next 53 years, Hawaii minted many variations of these Hawaiian coins, starting with the keneta. This copper coin featured a portrait of King Kamehameha III and was equal to one cent of a U.S. dollar. The umi keneta, hapaha, hapalua, and akahi dala were minted to reflect the dime, quarter, half-dollar, and dollar equivalent of the American currency. Once Hawaii became a territory in 1900, these coins were ordered to be withdrawn and melted by the U.S. government.

Hawaiian Coins Today

Despite the order to remove Hawaiian coins from circulation, many survived the purge. They have become a popular collector’s item because of their limited availability and are often featured at various coin shows and conventions.

Since they are so popular, many people take Hawaiian coins to a certified numismatist to verify their authenticity. Once you know it’s authentic, your coin will be a much more valuable collector’s item and could net you a decent profit if you ever want to part with it.

 

Since 1973, Hawaiian Islands Stamp & Coin in Honolulu, HI, has been the authority on Hawaiian coins, Morgan dollars, and other old coins. Their experienced appraisers will provide you with a professional opinion on the authenticity and value of your collector’s coin and recommend the best options for selling it. Learn more about their inventory online, or call (808) 531-6251 to inquire about specific items.