In 1971, Ireland decimalised its currency in parallel with the UK. We did this because we were tied to the UK Pound at that time and one of the more unusual aspects of decimalisation was that both countries adopted a ‘non-decimal’ fraction of the basic unit (100 new pence = one pound), i.e. a decimal…
It may come as a bit of a surprise to many that although Celtic coins have not (yet) been discovered in Ireland, there have been a lot of Roman and Anglo-Saxon coins found – especially the latter. Conservative Irish historians have always said the Romans never got here but they rarely even mention the Anglo-Saxons…
Long before the introduction of struck coinage into ancient Celtic Europe, copper and gold rings were used as currency by Celtic tribes and were often worn on clothing or tied together by ropes. These particular rings, often referred to as “proto-currency”, were created in ancient Moesia (now Bulgaria) as long ago as 7th century BC.…
Introduction The late 18th century is a complicated time from the perspective of collecting tokens insofar as several dealers began to manufacture their own tokens for collectors, i.e. these did not circulate. They doubled and tripled their profits by deliberately producing mules, i.e. mis-matching obverse and reverse dies. They then increased their profits further by…
Introduction The 1943 florin is the rarest ‘modern’ Irish coin to have actually circulated. The 1985 Irish 20p was not intended to circulate The 1992 Irish 10p was not intended to circulate Both of the coins listed above were minted for only testing purposes, i.e. to calibrate vending machines and they were supposed to have…
The florin (2s or 2/-) coin was a sub-division of the pre-decimal Irish pound, worth 1/10 of a pound. It was more commonly known as the two-shilling coin. The reverse design featuring a salmon was by English artist Percy Metcalfe. The obverse featured the Irish harp. From 1928 to 1937 the date was split either…
The half-crown (2s6d or 2/6) coin was a subdivision of the pre-decimal Irish pound, worth 1/8 of a pound. The halfcrown was commonly called “two and six” due to its value of two shillings and sixpence (indicated on the coin itself as ‘2s6d’). For almost half a century it was the largest circulating Irish coin…
The shilling (often written as 1s or 1/-) coin was a sub-division of the pre-decimal Irish pound, and was worth 1/20th of a pound. The original issue of the coin from 1928 until 1942 contained 75% silver; thus this Irish coin had a higher content than the equivalent British coin. These earlier coins were noticeably different…
During the Irish War of Independence, the City of Limerick was very unusual insofar as it issued its own currency – a series of low denomination banknotes. It is the only instance of a labour organisation doing so, not on in Ireland but also throughout the UK. It is the first physical sign in a…
The ‘chickless’ variety is probably a die flaw caused by normal ‘wear and tear’ on the dies during the minting process. This variety has become very popular with collectors over the past decade and some claim to have evidence of “progressive wear across several examples of 1968 pennies” leading to a chickless coin. The most…
The Old Currency Exchange is a specialist dealer and valuer of Irish & GB coins, tokens and banknotes 