English Hammered Coins

The farthing marked the start of a revolutionary coinage reform by Edward I. Until this time, the penny was the smallest denomination. Low value transactions could be conducted using pennies cut into halves or quarters. The act of cutting pennies into quarters or fourths was how the word Farthing or “fourthing” came about. These silver farthings were introduced by Edward I during the recoinage of 1279. They brought about the end of the practice of cutting coins into halves and quarters. The old coinage and the use of pennies cut into farthings remained legal tender until they were demonitised in August 1280. These coins were the smallest silver coins of the early medieval period and were well circulated and are now over 700 years old, and they are much scarcer than the Pennies. We have been putting these aside for many years and are delighted to offer them to you now, for the first time. Available in Fine, while stocks last.

When Elizabeth took the throne in 1558, much of the country’s coinage was in a poor state after her father, Henry VIII’s debasement of silver coins. It was Elizabeth’s intention to raise the quality of the country’s coinage back up to Sterling quality, and in 1560, the Tower mint began striking her Fine Silver coins. They feature Elizabeth facing left on the obverse and cross over a shield on the reverse, they were struck between 1560 and 1602 and are getting very expensive in higher grades. For the first time in 13 years, we’re able to offer you Elizabeth I’s Fine Silver shillings, they are graded Fair as these were heavily circulated for about a century and are now up to 463 years old.