Five Pounds (gold Coin)
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Five Pounds (gold Coin)
The five pound British gold coin, also known as a quintuple sovereign, has a nominal value of five pounds sterling (£5). It has been struck intermittently since 1820, though as a circulation coin only in 1887, 1893 and 1902. Through most of its history, it has depicted, on its reverse, Benedetto Pistrucci's portrayal of St George and the Dragon, which has traditionally been used on the sovereign, or one-pound gold coin. The five-pound piece was one of the original denominations of gold coins authorised as part of the Great Recoinage of 1816. It was not struck until 1820, and then only as a pattern coin. It was issued again in small numbers in 1826, 1829 and 1839, with the last using the well-regarded depiction of Una and the Lion by William Wyon. Although the Una coin was for sale for almost half a century at the Royal Mint, only about 400 are believed to have been struck. In 1887, it was struck for the first time for circulation, and it was struck also in 1893 and 1902, th ...
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Elizabeth II
Elizabeth II (Elizabeth Alexandra Mary; 21 April 19268 September 2022) was Queen of the United Kingdom and other Commonwealth realms from 6 February 1952 until Death and state funeral of Elizabeth II, her death in 2022. She had been queen regnant of List of sovereign states headed by Elizabeth II, 32 sovereign states during her lifetime and was the monarch of 15 realms at her death. Her reign of 70 years and 214 days is the List of monarchs in Britain by length of reign, longest of any British monarch, the List of longest-reigning monarchs, second-longest of any sovereign state, and the List of female monarchs, longest of any queen regnant in history. Elizabeth was born in Mayfair, London, during the reign of her paternal grandfather, King George V. She was the first child of the Duke and Duchess of York (later King George VI and Queen Elizabeth The Queen Mother). Her father acceded to the throne in 1936 upon Abdication of Edward VIII, the abdic ...
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Bullion
Bullion is non-ferrous metal that has been refined to a high standard of elemental purity. The term is ordinarily applied to bulk metal used in the production of coins and especially to precious metals such as gold and silver. It comes from the Anglo-Norman term for a melting-house where metal was refined, and earlier from French , "boiling". Although precious metal bullion is no longer used to make coins for general circulation, it continues to be held as an investment with a reputation for stability in periods of economic uncertainty. To assess the purity of gold bullion, the centuries-old technique of fire assay is still employed, together with modern spectroscopic instrumentation, to accurately determine its quality. As investment The specifications of bullion are often regulated by market bodies or legislation. In the European Union, the minimum purity for gold to be referred to as "bullion", which is treated as investment gold with regard to taxation, is 99.5% for ...
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George, Prince Regent
George IV (George Augustus Frederick; 12 August 1762 – 26 June 1830) was King of the United Kingdom of Great Britain and Ireland and King of Hanover from 29 January 1820 until his death in 1830. At the time of his accession to the throne, he was acting as prince regent for his father, King George III, having done so since 5 February 1811 during his father's final mental illness. George IV was the eldest child of King George III and Queen Charlotte. He led an extravagant lifestyle that contributed to the fashions of the Regency era. He was a patron of new forms of leisure, style and taste. He commissioned John Nash to build the Royal Pavilion in Brighton and remodel Buckingham Palace, and commissioned Jeffry Wyatville to rebuild Windsor Castle. George's charm and culture earned him the title "the first gentleman of England", but his dissolute way of life and poor relationships with his parents and his wife, Caroline of Brunswick, earned him the contempt of the people an ...
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Double Sovereign
The double sovereign is a gold coin of the United Kingdom with a face value, nominal value of two Pound sterling, pounds sterling (£2). Rarely issued in the first 150 years after its debut in 1820, it never had a significant presence in circulation. It became a coin collecting, collector and bullion coin, and has been coining (mint), struck most years since 1980. It features the reigning monarch on its obverse and, most often, Benedetto Pistrucci's depiction of Saint George and the Dragon on the reverse. The double sovereign was first minted in 1820 and depicted George III, but this issue never entered circulation, instead being considered a pattern coin. In the following century and a half, it was most often issued to mark the beginning of a new reign, or the institution of a new coinage portrait of the reigning monarch. These were mostly proof coinage, proof coins; the denomination was issued for circulation in only four years. Few examples that are worn from commercial use ca ...
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Privy Council Of The United Kingdom
The Privy Council, formally His Majesty's Most Honourable Privy Council, is a privy council, formal body of advisers to the sovereign of the United Kingdom. Its members, known as privy counsellors, are mainly senior politicians who are current or former members of either the House of Commons of the United Kingdom, House of Commons or the House of Lords. The Privy Council formally advises the sovereign on the exercise of the Royal prerogative in the United Kingdom, royal prerogative. The King-in-Council issues Executive (government), executive instruments known as Orders in Council. The Privy Council also holds the delegated authority to issue Orders of Council, mostly used to regulate certain public institutions. It advises the sovereign on the issuing of royal charters, which are used to grant special status to incorporated bodies, and city status in the United Kingdom, city or Borough status in the United Kingdom, borough status to local authorities. Otherwise, the Privy Co ...
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Gold Standard
A gold standard is a backed currency, monetary system in which the standard economics, economic unit of account is based on a fixed quantity of gold. The gold standard was the basis for the international monetary system from the 1870s to the early 1920s, and from the late 1920s to 1932 as well as from 1944 until 1971 when the United States unilaterally terminated convertibility of the US dollar to gold, effectively ending the Bretton Woods system. Many states nonetheless hold substantial gold reserves. Historically, the silver standard and bimetallism have been more common than the gold standard. The shift to an international monetary system based on a gold standard reflected accident, network externalities, and path dependence. Great Britain accidentally adopted a ''de facto'' gold standard in 1717 when Isaac Newton, then-master of the Royal Mint, set the exchange rate of silver to gold too low, thus causing silver coins to go out of circulation. As Great Britain became the w ...
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Coinage Act 1816
The Coinage Act 1816 ( 56 Geo. 3. c. 68), also known as the Coin Act 1816 or Liverpool's Act, was an act of the Parliament of the United Kingdom that defined the value of the pound sterling relative to gold. One troy pound of standard (22- carat) gold was defined as equivalent to £46 14''s'' 6''d''., i.e. , the guinea having been fixed in December 1717 at exactly. According to its preamble, the purposes of the act were to: * prohibit the use of silver coins (which would now be of reduced weight, rather than per troy pound), for transactions larger than 40''s'' * establish a single gold standard A gold standard is a backed currency, monetary system in which the standard economics, economic unit of account is based on a fixed quantity of gold. The gold standard was the basis for the international monetary system from the 1870s to the ... for transactions of all sizes. Legacy The whole act was repealed by section 20 of, and the second part of the second schedule to, ...
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Parliament Of The United Kingdom
The Parliament of the United Kingdom of Great Britain and Northern Ireland is the supreme legislative body of the United Kingdom, and may also legislate for the Crown Dependencies and the British Overseas Territories. It meets at the Palace of Westminster in London. Parliament possesses legislative supremacy and thereby holds ultimate power over all other political bodies in the United Kingdom and the Overseas Territories. While Parliament is bicameral, it has three parts: the sovereign, the House of Lords, and the House of Commons. The three parts acting together to legislate may be described as the King-in-Parliament. The Crown normally acts on the advice of the prime minister, and the powers of the House of Lords are limited to only delaying legislation. The House of Commons is the elected lower chamber of Parliament, with elections to 650 single-member constituencies held at least every five years under the first-past-the-post system. By constitutional conventi ...
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Napoleonic Wars
{{Infobox military conflict , conflict = Napoleonic Wars , partof = the French Revolutionary and Napoleonic Wars , image = Napoleonic Wars (revision).jpg , caption = Left to right, top to bottom:Battles of Battle of Austerlitz, Austerlitz, Fall of Berlin (1806), Berlin, Battle of Friedland, Friedland, Battle of Aspern-Essling, Aspern-Essling, French occupation of Moscow, Moscow, Battle of Leipzig, Leipzig and Battle of Paris (1814), Paris , date = {{start and end dates, 1803, 5, 18, 1815, 11, 20, df=yes({{Age in years, months, weeks and days, month1=05, day1=18, year1=1803, month2=11, day2=20, year2=1815) , place = Atlantic Ocean, Caucasus, Europe, French Guiana, Mediterranean Sea, North Sea, West Indies, Ottoman Egypt, Egypt, East Indies. , result = Coalition victory , combatant1 = Coalition forces of the Napoleonic Wars, Coalition forces:{{flagcountry, United Kingdom of Great Britain and ...
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Shilling (British Coin)
The United Kingdom, British shilling, abbreviated "1s" or "1/-", was a unit of currency and a denomination of Coins of the United Kingdom, sterling coinage worth of one Pound (currency), pound, or twelve Penny (British pre-decimal coin), pre-decimal pence. It was first minted in the reign of Henry VII of England, Henry VII as the testoon, and became known as the shilling, from the Old English , sometime in the mid-16th century. It circulated until 1990. It was commonly known as a ''bob'', as in "ten-bob note", also the Scout Association's Bob a Job Week. The shilling was last minted in 1966, prior to Decimal Day, decimalisation. Following decimal day on 15 February 1971 the coin had a value of Five pence (British coin), five new pence, and a new coin of the same value but labelled as "five new pence" (later removing "new" after 1980) was minted with the same size as the shilling until 1990. The five-pence coin was reduced in size in 1990, and the old larger five-pence coins and t ...
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Guinea (British Coin)
The guinea (; commonly abbreviated gn., or gns. in plural) was a coin, minted in Great Britain between 1663 and 1814, that contained approximately one-quarter of an ounce of gold. The name came from the Guinea region in West Africa, from where much of the gold used to make the coins was sourced. It was the first English machine-struck gold coin, originally representing a value of 20 shillings in sterling specie, equal to one pound, but rises in the price of gold relative to silver caused the value of the guinea to increase, at times to as high as thirty shillings. From 1717 to 1816, its value was officially fixed at twenty-one shillings. In the Great Recoinage of 1816, the guinea was demonetised and replaced by the gold sovereign. Following the Great Recoinage, the word "guinea" was retained as a colloquial or specialised term, even though the coins were no longer in use; the term ''guinea'' also survived as a unit of account in some fields. Notable usages included professio ...
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Shilling (English Coin)
The English shilling was a silver coin of the Kingdom of England, when first introduced known as the testoon. A shilling was worth twelve Penny (English coin), pence, and there were 20 shillings to the pound sterling. The English shilling was introduced in the 16th century and remained in circulation until it became the Shilling (British coin), British shilling as the result of the Union of England and Scotland to form the Kingdom of Great Britain in 1707. Name The word ''shilling'' comes from the Old English ''wikt:scilling, scilling'' (meaning to separate), an accounting term dating back to Anglo-Saxon times, to mean a 20th of a pound, although there was no specific coin of that value. A common misconception is that the word is a Norse loanword into English; however, it can be found in English laws many years before Norse incursions into Britain, for example the Law of Æthelberht, of Kent. History Testoon In the Kingdom of England, during the reign of Henry VII of England ...
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