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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 (in Italian ''Fiorino d'oro'') struck from 1252 to 1533 with no significant change in its design or metal content standard during that time. It had 54 grains () 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 minted in the Republic of Florence after the sack of Constantinople by the Fourth Crusade disrupted the minting of fine gold coins in the Byzantine Empire. It came to be accepted across Europe like the Byzantine Solidus had been. 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 la ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jubilee Coinage
A jubilee is often used to refer to the celebration of a particular anniversary of an event, usually denoting the 25th, 40th, 50th, 60th, and the 70th anniversary. The term comes from the Hebrew Bible (see, "Old Testament"), initially concerning a recurring religious observance involving a set number of years, that notably involved freeing of debt slaves. Emperors of ancient Rome customarily marked anniversaries of their rule with celebrations, although they did not use the term "jubilee." Nonetheless, the term came into English usage from the Bible, together with customary celebration of a reign, and is now often used to denote the celebrations associated with the reign of monarchs after a milestone number of years have passed. Religious usage The jubilee ( ''yovel'') year (every 50th year) and the sabbatical year (every seventh year) are Biblical commandments concerning ownership of land and slaves. The laws concerning the sabbatical year are still observed by many religiou ... [...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 for the bulk purchase of 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 calcu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Seignorage
Seigniorage , also spelled seignorage or seigneurage (), is the increase in the value of money due to money creation minus the cost of producing the additional money. Monetary seigniorage is where government bonds are exchanged for newly created money by a central bank, allowing debt monetization ("borrowing" without repaying). The increased purchasing power of the government at the expense of public purchasing power imposes what is known as an inflation tax on the public. Seignorage can also refer to: * 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 banknotes is the difference between interest earned on securities acquired in exchange for banknotes and the cost of printing and distributing the notes. Seigniorage is the positive return, or carry, on issued notes and coin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Coinage Act 1870
The Coinage Act 1870 ( 33 & 34 Vict. c. 10) was 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 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 overseas branches of the Mint in 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 the criticisms of George Frederick Ansell.Challis, C. E. ''A new history of the royal mint'' (1992), quoted in ''Ansell, George Frederick (1826–1880), chemist and assa ... [...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 bi-metallic coins made of two |
Sixpence (British Coin)
The United Kingdom, British sixpence () coin, sometimes known as a tanner, was a denomination (currency), denomination of Coins of the United Kingdom, sterling coinage worth of a Pound (currency), pound or half a Shilling (British coin), shilling. It was first minted in 1551, during the reign of Edward VI of England, 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 worth 12 pence (d), the value of two pre-decimal sixpence coins. Following decimalisation, the old sixpence had a value of Penny (British decimal coin), new pence (£0.025). In 2016, new decimal sixpences (face value £0.06) began being minted by the Royal Mint as commemorative issues; these coins have been produced for each year since then, and are minted in s ... [...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 Kingdom of England, English Government's banker and debt manager, and still one of the bankers for the government of the United Kingdom, it is the world's second oldest central bank. The bank was privately owned by stockholders from its foundation in 1694 until it was nationalised in 1946 by the Attlee ministry. In 1998 it became an independent public organisation, 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. In the 21st century the bank took on increased responsibility for maintaining and monitoring financial stability in the UK, and it increasingly functions as a statutory Financial regulation, regulator. The bank's headquarters have been in London's main financial di ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Half Crown (British Coin)
The British half crown was a denomination of sterling coinage worth pound, or two shillings and six pence (abbreviated "2/6", familiarly "two and six"), or 30 pre-decimal pence. The gold half crown was first issued in England in 1526, in the reign of King Henry VIII, with a value half that of the crown coin. The first silver half crown appeared in 1551, under King Edward VI and was dated. 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. 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 display its value on th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
£sd
file:Guildhall Museum Collection- Drusilla Dunford Money Table Sampler 3304.JPG, A Sampler (needlework), sampler in the Rochester Guildhall, Guildhall Museum of Rochester, Medway, Rochester illustrates the conversion between pence and shillings and shillings and pounds. file:Cash register (8058279685) (2).jpg, Old till in Ireland, with "shortcut" keys in various £sd denominations (lower numbers) and their "new pence" equivalent (upper numbers) file:TOY (FindID 748865).jpg, Play money, Toy coin, which teaches children the value of a shilling £sd (occasionally written Lsd, spoken as "pounds, shillings, and pence" or pronounced ) is the popular name for the pre-decimal currency, currencies once common throughout Europe. The abbreviation originates from the Ancient Roman units of measurement, Latin currency denominations , , and . In the British Isles, these were referred to as ''pound sterling, pounds'', ''shillings'', and ''pence'' (''pence'' being the plural of ''penny''). Un ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pound Sterling
Sterling (symbol: £; currency code: GBP) is the currency of the United Kingdom and nine of its associated territories. The pound 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 in continuous use since its inception. In 2022, it was 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 the renminbi, it forms the basket of currencies that calculate the value of IMF special drawing rights. As of late 2022, 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 regulating issuance of banknotes by private banks in Scotland and Northern Ireland. Sterling banknotes issu ... [...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 of one Pound sterling, pound. Its Obverse and reverse, obverse featured the profile of Queen Elizabeth II since the coin's introduction on 15 February 1971, the day British currency was Decimal Day, decimalised, until her Death and state funeral of Elizabeth II, death on 8 September 2022. A new portrait featuring Charles III, King Charles III was introduced on 30 September 2022, designed by Martin Jennings. Four different portraits of the Queen were used on the obverse; the last 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 Unite ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
