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…
Introduction: During the reign of Henry VI many parliamentary regulations were made in Ireland, relating to money; but most of these acts, as well as those of the three former reigns, are either lost or destroyed. 1422 By an English statute of his second year, it was enacted, that the ounce of silver should be…
Background The bronze Coinage of Queen Victoria was introduced in the year 1860, to replace the copper coinage first inaugurated by Charles II in 1672. This new alloy for coinage had several advantages over the old copper coins:- it was lighter, cheaper and had greater hardness / durability But bronze is not as easy to…
Background: Victoria, at that time, was the longest serving British monarch in history, so her son Edward was an old man by the time he succeeded her. Not a lot happened in terms of numismatic innovation during his short reign but it is, perhaps, worth mentioning that James Joyce had a few things to say…
Background: After the formation of the Irish Free State in 1922, UK currency remained the formal currency of the Irish Free State until 1928. After this date, UK coins continued to circulate alongside the Irish coins right up until Decimalisation (1971) and well into the 1970s. Irish Free State farthings were minted in London by…
Introduction: The ‘three-halfpence’ was the smallest silver coin ever struck by the Royal Mint for circulation. It was worth 11⁄2d (or 1⁄160 of a pound) and was produced for circulation in the British colonies, specifically for use in British Guiana, Ceylon (now Sri Lanka), Mauritius, Sierra Leone and the West Indies. They were a rough…
Background Victoria was the daughter of Prince Edward, Duke of Kent and Strathearn, the fourth son of King George III. Both the Duke of Kent and King George III died in 1820. She inherited the British throne at the age of 18, after her father’s three elder brothers had all died, leaving no surviving legitimate…
Background William IV was the third son of George III, William succeeded his elder brother George IV, as the last king and penultimate monarch of Britain’s House of Hanover. Since his two older brothers died without leaving legitimate issue, he inherited the throne when he was 64 years old. King of the United Kingdom King…
Date: c. 1190-1199 Country: Ireland Category: Anglo-Norman House of Anjou Angevin Richard I (the Lion Heart) John as Lord of Ireland Second Coinage (Dominus / Cross Potent Issue) Dublin Mint Moneyer: Adam Hammered Further Reading: O’Brien Coin Guide: Why did Henry II not issue coins under his own name for Ireland? O’Brien Rare Coin…
Background In 1825, in the middle of the reign of King George IV, the long-planned “customs and monetary” union of Great Britain and Ireland was enacted. From a numismatic viewpoint, the farthings of 1826 changed design – from “draped bust laureat” to The Irish pound was thence tied to sterling and almost “free trade” conditions…
The Old Currency Exchange is a specialist dealer and valuer of Irish & GB coins, tokens and banknotes 