Naughty money: clippers and coiners

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Puffin
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Naughty money: clippers and coiners

Post by Puffin »

http://www.pasthorizonspr.com/index.php ... ry-england

The UK Royal Mint announced last month that in 2017 it will introduce a new £1 coin, said to be the “most secure coin in the world“. The reason behind the decision, which could cost businesses as much as £20 million, is the surge in counterfeiting. It is estimated that around 3% of £1 coins are fakes with an estimated 45 million forgeries in circulation.

Four and a half centuries ago, Elizabeth I made the reform of currency one of her government’s top priorities. Invested as queen in 1558, she inherited a coinage which was fraught with problems. Elizabeth’s father, Henry VIII, had authorised a series of debasements which meant that in the space of just seven years the silver content of English coins was reduced by more than 80%. Counterfeiting was rife, with contemporary reports claiming that a great multitude of “noythy [naughty] money” was in circulation.

Research by Jennifer Bishop, a PhD candidate in Cambridge University’s History Faculty, looks at 16th-century perceptions of coinage on an everyday level: on the street and in the market place where the bulk of transactions took place at a time when prices were rising and good monies were scarce.
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Re: Naughty money: clippers and coiners

Post by Hectorsfarm_ »

That's really interesting puffin thanks for posting! :g50:

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