The Dawn of the XIXth Century in England: A social sketch of the timesAshton, John
History
The Dawn of the XIXth Century in England: A social sketch of the times
Ashton, John
England -- Social life and customs -- 19th century
So scarce was money—_i.e._, bullion—that a means had to be found to
supplement the currency; and it so happened that a large quantity of
Spanish dollars were opportunely taken in prizes. In 1803 the idea of
utilizing these as current English coins was first mooted, and some
were stamped with the King’s head, the size of the ordinary goldsmith’s
mark; but in 1804 a much larger issue of them was made, and they were
stamped with a profile likeness of the King, in an octagon of about a
quarter of an inch square. They were made to pass for five shillings
each, which was about threepence-halfpenny over their value as bullion;
and this extra, and fictitious, value was imposed upon them in order
that they should not be melted down. They were also to be taken back
for a time at that price, and on the 12th of January, 1804, every
banking house received £1,000 worth of them from the Bank of England,
against the Bank’s paper. But, as currency, they did not last long,
the Bank refusing, as early as April the same year, to receive them
back again, on “various frivolous and ill-founded pretensions.” For
some reason, probably forgery, they were recalled, and on the 22nd of
May there was a notice in the _Gazette_ to the effect that a new issue
of them would be made, which would be stamped by the famous firm of
Boulton, Soho Mint, at Birmingham, whose series of tradesmen’s tokens
of George the Third’s reign is familiar to every numismatist. They
varied from those stamped at the Tower, by having on the obverse,
“Georgius III., Dei Gratiâ Rex,” and on the reverse, the figure of
Britannia, with the words—“Five shillings dollar, Bank of England,
1804,” but even these were soon forged.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account