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British Sovereign Coin
The sovereign is a British gold coin with a nominal value of one pound sterling (£1) and contains 0.2354 troy oz of pure gold. Struck since 1817, it was originally a circulating coin that was accepted in Britain and elsewhere in the world; it is now a bullion coin and is sometimes mounted in jewellery. In addition, circulation strikes and proof examples are often collected for their numismatic value. In most recent years, it has borne the design of Saint George and the Dragon on the reverse; the initials () of the designer, Benedetto Pistrucci, are visible to the right of the date. The coin was named after the English gold sovereign, which was last minted about 1603, and originated as part of the Great Recoinage of 1816. Many in Parliament believed a one-pound coin should be issued rather than the 21-shilling guinea that was struck until that time. The Master of the Mint, William Wellesley Pole had Pistrucci design the new coin; his depiction was also used for other gold ...
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Exergue
A coin is a small, flat (usually depending on the country or value), round piece of metal or plastic used primarily as a medium of exchange or legal tender. They are standardized in weight, and produced in large quantities at a mint in order to facilitate trade. They are most often issued by a government. Coins often have images, numerals, or text on them. ''Obverse'' and its opposite, ''reverse'', refer to the two flat faces of coins and medals. In this usage, ''obverse'' means the front face of the object and ''reverse'' means the back face. The obverse of a coin is commonly called ''heads'', because it often depicts the head of a prominent person, and the reverse ''tails''. Coins are usually made of metal or an alloy, or sometimes of man-made materials. They are usually disc shaped. Coins, made of valuable metal, are stored in large quantities as bullion coins. Other coins are used as money in everyday transactions, circulating alongside banknotes. Usually the highest value ...
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Guinea (British Coin)
The guinea (; commonly abbreviated gn., or gns. in plural) was a coin, minted in Great Britain between 1663 and 1814, that contained approximately one-quarter of an ounce of gold. The name came from the Guinea region in West Africa, from where much of the gold used to make the coins was sourced. It was the first English machine-struck gold coin, originally representing a value of 20 shillings in sterling specie, equal to one pound, but rises in the price of gold relative to silver caused the value of the guinea to increase, at times to as high as thirty shillings. From 1717 to 1816, its value was officially fixed at twenty-one shillings. In the Great Recoinage of 1816, the guinea was demonetised and the word "guinea" became a colloquial or specialised term. Although the coin itself no longer circulated, the term ''guinea'' survived as a unit of account in some fields. Notable usages included professional fees (medical, legal, etc.), which were often invoiced in guineas, and h ...
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Guinea (coin)
The guinea (; commonly abbreviated gn., or gns. in plural) was a coin, minted in Great Britain between 1663 and 1814, that contained approximately one-quarter of an ounce of gold. The name came from the Guinea region in West Africa, from where much of the gold used to make the coins was sourced. It was the first English machine-struck gold coin, originally representing a value of 20 shillings in sterling specie, equal to one pound, but rises in the price of gold relative to silver caused the value of the guinea to increase, at times to as high as thirty shillings. From 1717 to 1816, its value was officially fixed at twenty-one shillings. In the Great Recoinage of 1816, the guinea was demonetised and the word "guinea" became a colloquial or specialised term. Although the coin itself no longer circulated, the term ''guinea'' survived as a unit of account in some fields. Notable usages included professional fees (medical, legal, etc.), which were often invoiced in guineas, and h ...
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Royal Mint
The Royal Mint is the United Kingdom's oldest company and the official maker of British coins. Operating under the legal name The Royal Mint Limited, it is a limited company that is wholly owned by His Majesty's Treasury and is under an exclusive contract to supply the nation's coinage. As well as minting circulating coins for the UK and international markets, The Royal Mint is a leading provider of precious metal products. The Royal Mint was historically part of a series of mints that became centralised to produce coins for the Kingdom of England, all of Great Britain, the United Kingdom, and nations across the Commonwealth. The Royal Mint operated within the Tower of London for several hundred years before moving to what is now called Royal Mint Court, where it remained until the 1960s. As Britain followed the rest of the world in decimalising its currency, the Mint moved from London to a new 38-acre (15 ha) plant in Llantrisant, Glamorgan, Wales, where it has remained sin ...
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Restoration Of Charles II
The Restoration of the Stuart monarchy in the kingdoms of England, Scotland and Ireland took place in 1660 when King Charles II returned from exile in continental Europe. The preceding period of the Protectorate and the civil wars came to be known as the Interregnum (1649–1660). The term ''Restoration'' is also used to describe the period of several years after, in which a new political settlement was established. It is very often used to cover the whole reign of King Charles II (1660–1685) and often the brief reign of his younger brother King James II (1685–1688). In certain contexts it may be used to cover the whole period of the later Stuart monarchs as far as the death of Queen Anne and the accession of the Hanoverian King George I in 1714. For example, Restoration comedy typically encompasses works written as late as 1710. The Protectorate After Richard Cromwell, Lord Protector from 1658 to 1659, ceded power to the Rump Parliament, Charles Fleetwood and John ...
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Unite (English Coin)
The unite was the second English gold coin first produced during the reign of King James I. It was named after the legends on the coin indicating the king's intention of uniting his two kingdoms of England and Scotland.Herbert Grueber: ''Handbook of the Coins of Great Britain and Ireland in the British Museum'', Londra 1899. p. XXXI(reprint 1970 ) The unite was valued at twenty shillings until 1612 when the increase in the value of gold throughout Europe caused it to be raised to twenty-two shillings. The coin was produced during James I's second coinage (1604–1619), and it was replaced in the third coinage by the Laurel worth twenty shillings. All the coins were produced at the Tower Mint in London. Several busts of the king were used for this denomination, who is shown looking to the right of the coin and is holding the orb and sceptre; the style of the king's beard varies during the issue. The legend on the obverse reads IACOBUS D G MA BRI FRA ET HI REX (Iacobus Dei Gratia ...
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James VI And I
James VI and I (James Charles Stuart; 19 June 1566 – 27 March 1625) was King of Scotland as James VI from 24 July 1567 and King of England and Ireland as James I from the union of the Scottish and English crowns on 24 March 1603 until his death in 1625. The kingdoms of Scotland and England were individual sovereign states, with their own parliaments, judiciaries, and laws, though both were ruled by James in personal union. James was the son of Mary, Queen of Scots, and a great-great-grandson of Henry VII, King of England and Lord of Ireland, and thus a potential successor to all three thrones. He succeeded to the Scottish throne at the age of thirteen months, after his mother was compelled to abdicate in his favour. Four different regents governed during his minority, which ended officially in 1578, though he did not gain full control of his government until 1583. In 1603, he succeeded Elizabeth I, the last Tudor monarch of England and Ireland, who died childless. He ...
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Spur Ryal
The Spur Royal was an extremely rare England, English gold coin issued in the reign of King James I of England, James I. The coin is a development of the earlier Rose Ryal, Rose Noble, or Ryal which was worth ten shillings when issued by Kings Edward IV of England, Edward IV and Henry VII of England, Henry VII, and fifteen shillings when issued by Queens Mary I of England, Mary and Elizabeth I of England, Elizabeth I. The Spur Royal, so called because the sun and rose on the reverse resemble a spur, was introduced during James I's second coinage (1604–1619) when it initially had a value of fifteen shillings (15/-), but in line with all gold coins its value was raised by 10% in 1612, to sixteen shillings and Sixpence (British coin), sixpence (16/6). The design of this first issue shows on the obverse the king in a ship holding a sword and shield, surrounded by the legend IACOBUS DG MAG BRIT FRAN ET HIB REX -- "James by the grace of God King of Great Britain France and Ireland". T ...
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Henry VII Of England
Henry VII (28 January 1457 – 21 April 1509) was King of England and Lord of Ireland from his seizure of the crown on 22 August 1485 until his death in 1509. He was the first monarch of the House of Tudor. Henry's mother, Margaret Beaufort, was a descendant of the Lancastrian branch of the House of Plantagenet. Henry's father, Edmund Tudor, 1st Earl of Richmond, a half-brother of Henry VI of England and a member of the Welsh Tudors of Penmynydd, died three months before his son Henry was born. During Henry's early years, his uncle Henry VI was fighting against Edward IV, a member of the Yorkist Plantagenet branch. After Edward retook the throne in 1471, Henry Tudor spent 14 years in exile in Brittany. He attained the throne when his forces, supported by France, Scotland, and Wales, defeated Edward IV's brother Richard III at the Battle of Bosworth Field, the culmination of the Wars of the Roses. He was the last king of England to win his throne on the field of battle. H ...
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Sovereign (English Coin)
The sovereign was a gold coin of the Kingdom of England first issued in 1489 under King Henry VII. While the coin typically had a nominal value of one pound sterling and one Shilling, or twenty one shillings, the sovereign was primarily an official piece of bullion and had no mark of value on its face. Nonetheless, it was the country's first coin to be valued at one pound and one shilling The name derives from the large size and majestic portrait of the monarch (the "sovereign"), with the obverse of the first sovereigns showing the king's full face, sitting on a throne, while the reverse shows the Royal Arms of England and a Tudor double rose. The first sovereigns were of 23- carat (95.83%) gold and weighed 240 grains, or half a troy ounce. King Henry VIII lessened the gold content to 22 carats, or 91.67%. Although this was part of what is called The Great Debasement, 22 carats became the gold coin standard in both the British Isles and later the United States, known as crown g ...
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Legal Tender
Legal tender is a form of money that courts of law are required to recognize as satisfactory payment for any monetary debt. Each jurisdiction determines what is legal tender, but essentially it is anything which when offered ("tendered") in payment of a debt extinguishes the debt. There is no obligation on the creditor to accept the tendered payment, but the act of tendering the payment in legal tender discharges the debt. Some jurisdictions allow contract law to overrule the status of legal tender, allowing (for example) merchants to specify that they will not accept cash payments. Coins and banknotes are usually defined as legal tender in many countries, but personal cheques, credit cards, and similar non-cash methods of payment are usually not. Some jurisdictions may include a specific foreign currency as legal tender, at times as its exclusive legal tender or concurrently with its domestic currency. Some jurisdictions may forbid or restrict payment made by other than legal ...
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