1902 Edward VII Third Farthing

The 1902 Edward VII Third Farthing is a small-denomination British coin minted for use primarily in Malta, a British colony at the time. The third farthing was valued at 1/12 of a penny and was one of the smallest denominations ever issued by the British Empire.

Design and Features

• Obverse: Features a right-facing portrait of King Edward VII, designed by George William de Saulles. The inscription reads "EDWARDVS VII D:G: BRITT: OMN: REX F:D: IND: IMP:", which stands for Edward VII, by the Grace of God, King of All the Britains, Defender of the Faith, Emperor of India.
• Reverse: Displays the denomination "1/3 FARTHING" in the center, with the date "1902" below. A crown is positioned above the text, and a decorative wreath surrounds the design.
• Composition: Bronze
• Weight: 0.9 grams
• Diameter: 15 mm
• Edge: Plain
• Mintage: 288,000

Historical Significance

The third farthing was primarily issued for Malta, where the British monetary system was in use but small denominations were necessary for everyday transactions. This was due to the lower cost of goods and wages in Malta compared to Britain. The 1902 issue was the first of Edward VII’s reign, following the death of Queen Victoria in 1901.

Collectibility and Value

The 1902 Edward VII Third Farthing is a relatively scarce coin, especially in high-grade condition. Due to its small size and unique denomination, it is highly sought after by collectors of British colonial coinage. Prices vary depending on condition, with uncirculated (mint state) examples being particularly valuable.