The last trading monopoly of the East India Company was abolished in 1853 after which the company acted only as an administrative entity though it was not until 1858 that its property and powers were officially transferred to the Crown. Under the Indian Act XIII of 1862, the coinage of India was redesigned with specific provisions for coinage of the Straits Settlements to be redesigned also.
Coins were struck from 1862 to 1867 though all coins were dated 1862. The One Cent is the most common of the three and is readily available in lower grades though higher grade pieces are very scarce, especially any with original mint brilliance. Both proof and specimen strikes were also produced though both in very small numbers with very few surviving today outside of public institutions.