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…

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…

Gold ring money ca. 1000 BC. Ring in torques form. The body is twisted as decoration and ends in plain pointed terminals. 4,39 g. van Arsdell p. 61, 1. Cf. UBS Auction 59, Basel, 29 January 2004, lot 4006. Extremely fine.

Irish Coin Daily: Gold Ring Money

Date: c. 1000 BC Description: Gold ring money ca. 1000 BC. Ring in torques form. The body is twisted as decoration and ends in plain pointed terminals. 4,39 g. Extremely Fine (EF) Rare Country: This type of ‘proto-currency’ is found throughout Bronze Age Europe Ring Money is also found in Ireland Category: Bronze Age    Further…