If you follow a map north and a little west from Australia you find a collection of large and small islands and peninsulas called Malaysia. One of the larger islands is called Borneo, and North Borneo is a northern state there.

Great Britain issued coinage for North Borneo in various denominations, including 1, 2 1/2, 5, and 25 cents which all bear the two-men-and-a-shield pattern. Some of the earlier cents were minted in bronze, so their color is different than the copper-nickel issues. The 25 cent coin was issued in 50 percent silver. Some coins bear the inscription 'British North Borneo' and others 'State of North Borneo.' This appraisal page applies to all these variations.

Here is what the catalogs say about these interesting coins.

1 CENT (bronze before 1908, copper-nickel after 1903)
worn: $4 US dollars catalog value
average circulated: $8
well preserved (like our picture): $25
fully uncirculated: $80
coins dated 1894, 1896, and 1907 are worth about three times these values

2 1/2 CENTS (copper-nickel)
worn: $6 US dollars catalog value
average circulated: $10
well preserved (like our picture): $40
fully uncirculated: $100

5 CENTS (copper-nickel)
worn: $4 US dollars catalog value
average circulated: $8
well preserved (like our picture): $25
fully uncirculated: $60
coins after 1928 are worth about one-half these values

25 CENTS (silver)
worn: $15 US dollars catalog value
average circulated: $25
well preserved (like our picture): $40
fully uncirculated: $70

Use our Important Terminology link to understand how these catalog values work relative to actual value. Actual value is less.