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…



![John (as Lord), Second coinage, Halfpenny, type 1b, Waterford, Wilmus, [—]llmvs on wa, 0.63g (S 6210, DF 39). Old Currency Exchange Dublin, Ireland. Irrish coin dealer Irish hammered coinage](https://oldcurrencyexchange.com/wp-content/uploads/2017/12/john-as-lord-second-coinage-halfpenny-type-1b-waterford-wilmus-e28094llmvs-on-wa-0-63g-s-6210-df-39-crude-style-good-fine-but-surfaces-porous.jpg?w=220&h=126&crop=1)





