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Double Florin
The double florin, or four-shilling piece, was a British coin produced by the Royal Mint between 1887 and 1890. One of the shortest-lived of all British coin denominations, it was struck in only four years. Its obverse, designed by Joseph Boehm and engraved by Leonard Charles Wyon, depicts Queen Victoria, whilst the reverse, featuring national symbols of the United Kingdom, was designed by Wyon based on the coinage of Charles II. The double florin was introduced as part of a coinage redesign that took place in 1887, the year of Queen Victoria's Golden Jubilee. One purpose of the redesign was to replace portraits of the queen which had changed little since her youth, and which no longer resembled the monarch, who was nearing her seventieth birthday. Mint officials and politicians also sought to reduce dependence on the half sovereign, a gold coin worth ten shillings which was expensive to strike, by issuing the double florin (four shillings) and reintroducing the crown (five ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Florin
The Florentine florin was a gold coin struck from 1252 to 1533 with no significant change in its design or metal content standard during that time. It had 54 grains (3.499 grams, 0.113 troy ounce) of nominally pure or 'fine' gold with a purchasing power difficult to estimate (and variable) but ranging according to social grouping and perspective from approximately 140 to 1,000 modern US dollars. The name of the coin comes from the ''Giglio bottonato'' ( it), the floral emblem of the city, which is represented at the head of the coin. History The ''fiorino d'oro'' (gold florin) was used in the Republic of Florence and was the first European gold coin struck in sufficient quantities since the 7th century to play a significant commercial role. The florin was recognized across large parts of Europe. The territorial usage of the '' lira'' and the florin often overlapped, where the lira was used for smaller transactions (wages, food purchases), the florin was for larger transactions ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jubilee Coinage
Jubilee coinage or Jubilee head coinage are British coins with an obverse featuring a depiction of Queen Victoria by Joseph Edgar Boehm. The design was placed on the silver and gold circulating coinage beginning in 1887, and on the Maundy coinage beginning in 1888. The depiction of Victoria wearing a crown that was seen as too small was widely mocked, and was replaced in 1893. The series saw the entire issuance of the double florin (1887–1890) and, in 1888, the last issue for circulation of the groat, or fourpence piece, although it was intended for use in British Guiana. No bronze coins (the penny and its fractions) were struck with the Jubilee design. In 1879 Boehm was selected to create a new depiction of Victoria that could be adapted for the coinageeven though the queen marked her 60th birthday that same year, some British coins still showed her as she appeared forty years previously. Boehm gave only intermittent attention to the project, and it took years before it ca ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Trade Coin
Trade coins are coins minted by a government, but not necessarily legal tender within the territory of the issuing country. These quasi bullion coins (in rarer cases small change) were thus actually export goods - that is, bullion in the form of coins, used to bulk buy important goods from other countries, where they could be bought at a favourable price, compared to the purchasing power of the same amount of bullion within the trade coins' country of origin. A distinction must be drawn between full value bullion trade coins, that were used in ordinary peacetime trade on the one hand, and on the other hand debased coins, that were usually made with the intention to deceive. Such debased "trade coins" were occasionally minted during times of war, e.g. the Prussian ephraimiten, silver-clad copper coins minted during the Seven Years' War. If these were ever accepted or approved as legal tender, they would be valued far below the regular coins, their value being calculated according to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Seignorage
Seigniorage , also spelled seignorage or seigneurage (from the Old French ''seigneuriage'', "right of the lord (''seigneur'') to mint money"), is the difference between the value of money and the cost to produce and distribute it. The term can be applied in two ways: * Seigniorage derived from specie (metal coins) is a tax added to the total cost of a coin (metal content and production costs) that a customer of the mint had to pay, and which was sent to the sovereign of the political region. * Seigniorage derived from notes is more indirect; it is the difference between interest earned on securities acquired in exchange for banknotes and the cost of printing and distributing the notes. "Monetary seigniorage" is where sovereign-issued securities are exchanged for newly printed banknotes by a central bank, allowing the sovereign to "borrow" without needing to repay. Monetary seigniorage is sovereign revenue obtained through routine debt monetization, including expansion of the money ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Coinage Act 1870
The Coinage Act 1870 (33 & 34 Vict c 10) is an Act of the Parliament of the United Kingdom. It stated the metric weights of British coins. For example, it defined the weight of the sovereign as 7.98805 grams (about 123.27747 grains). The Act was repealed by the Coinage Act 1971. The Act is retained for the Republic of Ireland by section 2 of, and Part 4 of Schedule 1 to, the Statute Law Revision Act 2007. The Act also vested the titles of Master of the Mint and 'Governor of the Mint of Scotland', which had ceased minting coins in 1707, in the Chancellor of the Exchequer. The Act also gave the British government the authority to establish branches of the Mint in overseas British possessions. In 1907, the government used that power to establish a branch of the Mint in Ottawa, at the request of the Canadian government. It repealed the authorization in 1931, when the Mint in Ottawa came under full Canadian control. A contemporary history suggests that the Act was influenced by ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Coin Counterfeiting
Coin counterfeiting of valuable antique coins is common; modern high-value coins are also counterfeited and circulated.Coin Counterfeiting Counterfeit Coins (2007-26-09) Counterfeit antique coins are generally made to a very high standard so that they can deceive experts. This is not easy and many coins still stand out. History Counterfeits of higher-value coins in circulation, designed for general circulation at face value, have been made by criminals for thousands of years.Circulating coins For modern coins in general circulation, the most common method of protection from forgeries is the use of made of two |
Sixpence (British Coin)
The British sixpence () piece, sometimes known as a tanner or sixpenny bit, was a denomination of sterling coinage worth of one pound or half of one shilling. It was first minted in 1551, during the reign of Edward VI, and circulated until 1980. The coin was made from silver from its introduction in 1551 until 1947, and thereafter in cupronickel. Before Decimal Day in 1971, sterling used the Carolingian monetary system (£sd), under which the largest unit was a pound (£), divisible into 20 shillings (s), each of 12 pence (d). Following decimalisation, it had a value of new pence (£0.025). In 2016, new decimal sixpences began being minted by the Royal Mint as commemorative issues to celebrate Christmas; these coins have been produced for each year since, and are minted in sterling silver. History The first sixpences were minted in 1551, during the reign of Edward VI. They came about as a result of the debasement of silver coinage in the 1540s, in particular the silver ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Of England
The Bank of England is the central bank of the United Kingdom and the model on which most modern central banks have been based. Established in 1694 to act as the English Government's banker, and still one of the bankers for the Government of the United Kingdom, it is the world's eighth-oldest bank. It was privately owned by stockholders from its foundation in 1694 until it was nationalised in 1946 by the Attlee ministry. The Bank became an independent public organisation in 1998, wholly owned by the Treasury Solicitor on behalf of the government, with a mandate to support the economic policies of the government of the day, but independence in maintaining price stability. The Bank is one of eight banks authorised to issue banknotes in the United Kingdom, has a monopoly on the issue of banknotes in England and Wales, and regulates the issue of banknotes by commercial banks in Scotland and Northern Ireland. The Bank's Monetary Policy Committee has devolved responsibility for ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Half Crown (British Coin)
The British half crown was a denomination of sterling coinage worth of one pound, or two shillings and six pence (abbreviated "2/6", familiarly "two and six"), or 30 (old) pence. The half crown was first issued in 1549, in the reign of Edward VI. No half crowns were issued in the reign of Mary, but from the reign of Elizabeth I half crowns were issued in every reign except that of Edward VIII, until the coins were discontinued in 1970. The half crown was demonetised (ahead of other pre-decimal coins) on 1 January 1970, the year before the United Kingdom adopted decimal currency on Decimal Day. During the English Interregnum of 1649–1660, a republican half crown was issued, bearing the arms of the Commonwealth of England, despite monarchist associations of the coin's name. When Oliver Cromwell was made Lord Protector of England, half crowns were issued bearing his portrait depicting him wearing a laurel wreath in the manner of a Roman Emperor. The half crown did not displ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
£sd
£sd (occasionally written Lsd, spoken as "pounds, shillings and pence" or pronounced ) is the popular name for the pre-decimal currencies once common throughout Europe, especially in the British Isles and hence in several countries of the British Empire and subsequently the Commonwealth. The abbreviation originates from the Latin currency denominations '' librae'', ''solidi'', and ''denarii''. In the United Kingdom, these were referred to as '' pounds'', ''shillings'', and '' pence'' (''pence'' being the plural of ''penny''). Although the names originated from popular coins in the classical Roman Empire, their definitions and the ratios between them were introduced and imposed across Western Europe by the Emperor Charlemagne. The £sd system was the standard across much of the European continent (France, Italy, Germany, etc.) for nearly a thousand years, until the decimalisations of the 18th and 19th centuries. As the United Kingdom remained one of the few countries reta ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pound Sterling
Sterling (abbreviation: stg; Other spelling styles, such as STG and Stg, are also seen. ISO code: GBP) is the currency of the United Kingdom and nine of its associated territories. The pound ( sign: £) is the main unit of sterling, and the word "pound" is also used to refer to the British currency generally, often qualified in international contexts as the British pound or the pound sterling. Sterling is the world's oldest currency that is still in use and that has been in continuous use since its inception. It is currently the fourth most-traded currency in the foreign exchange market, after the United States dollar, the euro, and the Japanese yen. Together with those three currencies and Renminbi, it forms the basket of currencies which calculate the value of IMF special drawing rights. As of mid-2021, sterling is also the fourth most-held reserve currency in global reserves. The Bank of England is the central bank for sterling, issuing its own banknotes, and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Penny (British Decimal Coin)
The United Kingdom, British decimal one penny (1p) coin is a unit of currency and denomination of Coins of the United Kingdom, sterling coinage worth one-hundredth of one Pound sterling, pound. Its Obverse and reverse, obverse has featured the profile of Queen Elizabeth II since the coin's introduction on 15 February 1971, the day British currency was Decimal Day, decimalised. Four different portraits of the Queen have been used on the obverse; the latest design by Jody Clark was introduced in 2015. The second and current reverse, designed by Matthew Dent (designer), Matthew Dent, features a segment of the Royal coat of arms of the United Kingdom, Royal Shield and was introduced in 2008. The penny is the lowest value coin (in Real versus nominal value (economics), real terms) ever to circulate in the United Kingdom. The penny was originally minted from bronze, but since 1992 has been minted in Electroplating, copper-plated steel due to increasing copper prices. There are an est ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
