English Coins and Tokens, with a Chapter on Greek and Roman CoinsJewitt, Llewellynn Frederick William
History
English Coins and Tokens, with a Chapter on Greek and Roman Coins
Jewitt, Llewellynn Frederick William
Coins, British; Numismatics -- Great Britain; Tokens -- Great Britain
In the reigns of Edward VI. and Mary the issue of a base-metal
currency gave rise to considerable dissatisfaction and fraud, and
under Elizabeth, who issued three-halfpence and three-farthing pieces,
that spurious currency was declared no longer current. Despite the
issuing, however, of these three-halfpenny and three-farthing pieces,
the want of halfpennies and farthings was still so seriously felt by
the entire population, that housekeepers, chandlers, grocers, mercers,
vintners, and most other traders were impelled, for conscience’ sake,
to the issue of private tokens of lead, pewter, latten, tin, and even
leather, for the purposes of trade. These were issued by the traders,
and commodities in exchange could only be had from their issuers; they
were thus useless as a circulating medium and a source of frequent loss
to their holders.
In 1574 a proposition was made to the Queen by two persons named
Wickliffe and Humphrey, to coin halfpence and farthings in base silver
(to weigh respectively 12 and 6 grains), but was not acted upon.
It was then proposed to coin pledges of copper, and a proclamation
forbidding the use of private tokens and authorizing those just named
was prepared; this, however, again, was not acted upon, and private
tokens still continued in use. In 1582 the three-farthing pieces were
withdrawn and silver halfpennies issued. They bear on the obverse a
portcullis and mint mark, and on the reverse a cross and pellets.
In 1601 and 1602 the requirements of the army in Ireland caused, for
a time, the issue of copper pence, halfpence, and farthings, and this
seems to have revived the idea of copper pledges for England, for
which, indeed, pattern pieces were struck. Copper tokens were, at that
time, issued by the cities of Oxford, Worcester, and Bristol.
Public-domain text, read in full here on John Shaqi.
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