Background After a brief hiatus of experimentation with a pseudo-republican government under Oliver Cromwell, the English monarchy was reinstated in 1660 but Charles II began his reign with vastly reduced powers, especially in the realm of taxation – responsibility for which had been transferred to Parliament. This was a major restriction on Charles II and…
Background By the mid-17th century, the goldsmith bankers had a virtual monopoly on banking and had made extensive loans to King Charles II. The king was able to do this and circumvent parliament completely via the use of ‘tally sticks’ but there was a natural limit to this debt expansion, i.e. the amount of gold held…
Background The Great Stop of 1672 caused five of the leading London Goldsmiths to go bust, drastically affected nine others, and ‘financially embarrassed over 10,000 wealthy families in England. The Great Stop effectively ended the ‘cosy relationship’ between the king and a small clique of private bankers that thrived on the Crown’s inability to generate…
The British gold sovereign is one of the most ‘collected’ gold coins in Ireland today. We used it when we were part of the UK and it would seem that we are still hoarding them. Named after the English gold sovereign, previously last minted in 1604, the name was revived with the Great Re-coinage of…
There are 4 gold coins currently minted by the US Mint – 1 oz., 1/2 oz., 1/4 oz. and 1/10th oz. They are sold by the US Mint at a premium over the gold market spot price. They are not proofs, nor are they limited edition commemorative issues. They are sold as an investment and…
Gold Coin Values Last updated – Friday, 18th September Daily updates have been discontinued I am frequently asked to value gold coins and this is a list of the more popular gold coins usually found in Ireland. In perfect condition, a gold coin has a fixed weight but, as they get worn and polished over…
It is every metal detector’s dream to find something worth a million, although most of them do it for the exercise, the fresh air and the fun they have in researching their smaller finds. Its about the history. I was very surprised and impressed to discover that most detectorists donate their finds to local museums…
The First Coins Minted in Ireland It is fairly well accepted that Sihtric, Hiberno-Norse King of Dublin was the first to mint coins in his own name in Ireland. To date, all 7 phases of Hiberno-Norse coin production in Ireland have been attributed to Dublin rulers. But, who brought the first coins into Ireland and…
Introduction On 23rd October 1680, letters patent were granted to Sir Thomas Armstrong and Colonel George Legge) to manufacture copper halfpennies for use in Ireland for a period of 21 years. They were to be dated 1680, 1681, 1682, 1683, 1684 and 1685 but, since Charles II died in 1684, no coins dated 1685 have…
Introduction When James II succeeded his father in 1685, he continued to issue copper halfpennies, albeit via a ‘patent’ like his father did before him. This maintained the flow of small change but the same ‘decades old’ problem persisted with the large proportion of under-weight ‘clipped’ silver in circulation. This might have sufficed for transactions…
The Old Currency Exchange is a specialist dealer and valuer of Irish & GB coins, tokens and banknotes 