1954 Elizabeth II bronze penny

O’Brien Rare Coin Review: Why is the 1954 British Penny so valuable?

Background: Because of the large number of pennies already in circulation and the economic depression after WW2, there was no need to produce any more in 1950s Britain. That said, a new monarch in 1952 sparked off a huge demand for coronation coin sets and, in 1953, over 1.3 million Elizabeth II pennies were minted…

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1937-51 GB & Northern Ireland bronze penny (George VI)

O’Brien Coin Guide: GB & Northern Ireland Bronze Pennies of George VI

Background: George VI’s reign included the economically disastrous Word War II which culminated in his overseeing the dismantling of the British Empire to the point where it had to be transformed into a weaker / less cohesive British Commonwealth. The biggest loss was the independence and breakup of India into three nation states – India,…

Hiberno-Norse, imitation Penny in the name of Aethelred (978-1016), Helmet type, 0.92g, Dublin, Faremin, armoured bust, (S.6115), very rare.

Irish Coin Daily: Hiberno-Norse Silver Penny (Phase I, Class C – HELMET Type) / Moneyer: FAEREMIN of Dublin

Date: 1009-1011 Hiberno-Norse, Phase I, Class C Imitation Penny in the name of Aethelred, Helmet type, 0.92g, perforated in a few places and cracked, otherwise very fine and very rare. (S.6115) Obverse: Armoured bust left with radiate helmet FAEREMIN (moneyer) Reverse: Long cross voided, each limb terminating in three crescents over square with trefoil at…

Gold coins circulating in Ireland during the reign of Henry VI, c. 1460 (when he fixed exchange rates)

Monetary Crisis (1460), as Henry VI fixes exchange rates for foreign coins in Ireland

Introduction: The price of gold rose from the 1430s onward, so gold coins were worth more in Europe than in England, which resulted in a gold shortage in England as coins were exported for profit. This is known as an ‘arbitrage market’ and is also an early example of Gresham’s Law – it caused a…

O'Reilly Money - Henry VI, annulet issue, Calais mint, ex Belfast Natural History and Philosophical Society

Monetary Crisis in Ireland, as Henry VI struggles with money supply and fiscal control

Introduction: During the reign of Henry VI many parliamentary regulations were made in Ireland, relating to money; but most of these acts, as well as those of the three former reigns, are either lost or destroyed. 1422 By an English statute of his second year, it was enacted, that the ounce of silver should be…

Mining in the 14th C - scenes from a medieval silver mine

Monetary Crisis (1369), as Richard II orders his colonists to search for silver and gold mines in Ireland

Following the death in 1376 of his father, Edward of Woodstock (the Black Prince), Richard became heir to his grandfather, King Edward III of England, whom he succeeded in 1377 at the age of ten. His reign of twenty-two years saw a number of domestic crises, from the Peasants’ Revolt (1381) to later conflicts with…