By John F Chown, Forrest Capie
This publication provides an in depth and incredible heritage of cash from Charlemagne's reform in nearly AD800 to the top of the Silver Wars in 1896. It additionally summarizes 20th century advancements and areas them of their old context.
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Additional resources for A History of Money: From AD 800
A new shilling (the name testoon being in bad odour) was struck of 8 ounces fine silver, but weighing only 60 grains, with the portrait of Edward VI himself. Groats and smaller coins continued to be struck on the 4 ounce standard, but, with his father’s portrait. ) was strictly maintained. e. with the King’s name and title on the reverse, an unusual arrangement, possibly designed to ensure that they could be distinguished from the Edward portrait groats of the first coinage.
These adjustments were partly to recognise the actual fall in weight of the de facto circulating medium, but also reflected the problems discussed in Chapter 2 arising from introduction of a gold coinage. Scotland In Scotland Alexander III’s second coinage of 1280 closely followed (this time only a year later) Edward I’s long cross recoinage. While English reverses showed the name of the mint town, dropping that of the moneyer, the Scottish reverses merely read REX SCOTORUM without the name of the mint.
This did not affect the substance of any of the coinage changes discussed here, (weights are given in grains) but care may be needed to check which unit is referred to in contemporary documents. 1. 5 grains, still used in Britain and America for normal commercial purposes. Silver coins bearing Henry VIII’s own profile portrait were struck at a reduced weight, 10 grains of silver, instead of 12, to the penny. This was an open move, clearly associated with a new design. The motives were much the same as previous weight adjustments: there had not been one since 1464.