Arrival of the English Flagship Royal Charles, painting by Jeronymus van Diest II from the Rijksmuseum Amsterdam (note the Dutch flag at the rear and English flag flying upside down from the main mast)

Financial Crisis (1667) avoided by Charles II, via London Goldsmiths’ Loans

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…

Charles II, King of England, Scotland and Ireland, by John Riley

Banking Collapse in London (1676) as Charles II Defaults on Royal Loans

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 Irish Armstrong farthing legend reads as follows :- CAROLVS II D G M B FRA ET HIB REX which translates and expands to :- Charles II by the grace of God, King of Great Britain, France and Ireland

O’Brien Coin Guide: Armstrong’s ‘Patent’ Irish Farthings (1660-61) for Charles II

Upon his restoration to the crown in 1660, King Charles II granted a patent to Sir Thomas Armstrong to ‘coin farthings’ for the next twenty years and all other (unofficial) farthings were to be prohibited.   In 1661, two royal proclamations were issued prohibiting the issuing and use of brass or copper tokens In 1662,…