The famous ring known as that of Edward the Confessor (1024–1066),[300] and which was to be used as the Coronation Ring of the Kings of England, was granted on November 14, 1389, by King Richard II, to the Abbot, etc., of Westminster, for the shrine of the Confessor in this church. It is described as “a certain ring with a precious ruby inserted therein.” The King reserved the privilege of wearing it when he was in England, but should he go abroad it was to be returned to the shrine. A few years later the Abbot of Westminster appears to have been guilty of some negligence in sending this ring to the sovereign when the latter required it for use, and the repentant abbot craves pardon of the king and prays that his fault shall not invalidate the church’s rights to the possession of the relic. Nearly eighty years later, a record dated December 21, 1468 (7 Edward IV) registers the delivery by the former keeper, Thomas Arundell, of the vestments, cloths, relics and jewels of the Shrine of St. Edward in Westminster to his successor, Richard Tedyngton.[301] The jewels and precious stones of this shrine were taken away and pawned by Henry III in 1267, the monarch having entered into a solemn engagement, under the Great Seal, to return them in a year’s time from the ensuing Michaelmas. Henry also sent to the then Abbot of Westminster a “Letter Obligatory” promising the restitution of the gems and submitting himself in the matter to the judgment of the Pope and the Papal Legate. The precious jewels were really restored to the Abbey shortly afterwards, as is shown by a document dated February 10, 1269 (53 Henry III). The ruby ring, being a later gift, could not have been among them.[302] A contemporary entry referring to this shrine in Edward I’s time (1272–1307), is interesting as casting a sidelight on the English coinage at the end of the thirteenth century. Under date of 1299, provision is made for returning to the church of Westminster the half of 38 marks of gold (about $9,500 intrinsic value) that had been taken from the shrine of St. Edward for the jewels sent to Queen Margaret on her first coming to Westminster, “the coinage being so debased and real sterlings rarely found.”[303]