1689 Aug, with stop. James II, Gunmoney. Large size. Laureate head left. Reverse XII over crown. Usual surface porosity

James II & his Gunmoney: August 1689 (timeline)

The gunmoney of James II: August 1689 (timeline)

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James II, King of England, Scotland & Ireland

Monetary Crisis (1689), as James II Fixes Exchange Rates for Foreign Coins in Ireland

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…