Royal Mint Museum Annual Review 2017-19
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Royal Mint Trading Fund Annual Report | 2011-12
Royal Mint Trading Fund Annual Report | 2011-12 Making Money for Everyone Royal Mint Trading Fund Annual Report and Accounts 2011-12 Presented to the Parliament pursuant to section 4(6) of the Government Trading Funds Act 1973 as amended by the Government Trading Act 1990 Ordered by the House of Commons to be printed on 5 July 2012 HC 264 | London: The Stationery Office | £ 21.25 © Crown copyright 2012 You may re-use this information (excluding logos) free of charge in any format or medium, under the terms of the Open Government Licence. To view this licence, visit http://www.nationalarchives.gov.uk/doc/open-government-licence/ or e-mail: [email protected]. Where we have identified any third party copyright information you will need to obtain permission from the copyright holders concerned. Any enquiries regarding this publication should be sent to us at the Office of Public Sector Information, Information Policy Team, Kew, Richmond, Surrey TW9 4DU or email: [email protected]. This publication is available for download at www.official-documents.gov.uk. This document is also available from our website at www.royalmint.com. ISBN: 9780102976519 Printed in the UK for The Stationery Office Limited on behalf of the Controller of Her Majesty’s Stationery Office ID 2486320 06/12 Printed on paper containing 75% recycled fibre content minimum. Annual Report and Accounts 2011-12 The Royal Mint Trading Fund Royal Mint Trading Fund Accounting Officer is Jeremy Pocklington The Royal Mint Limited Directors The Royal Mint Museum -
The Coinage of Edward Vi in His Own Name
THE COINAGE OF EDWARD VI IN HIS OWN NAME W. J. W. POTTER PART I. SECOND PERIOD: JANUARY 1549 TO OCTOBER 1551 INTRODUCTION THE first period of Edward's coinage, from his accession in January 1547 to near the end of January 1549, was merely a continuation of the last period of his father's reign, and in fact the two indentures of April 1547 and February 1548, making up the first and second issues or coinages, provided merely for the continued striking of the current 20-ct. gold sovereigns and halves and the 4-oz. silver testoons, groats, and smaller money. Thus not only were the standards and denominations unaltered, but the only change in the great majority of coins was to be found on the half-sovereigns, where a youthful figure replaced that of the old king on the throne, though still with Henry's name. Only a very few half-sovereigns are known of this type actually bearing Edward's name. On the silver, where no change at all occurred, the coins of the two reigns are conveniently divided by the substitution of Roman letters for the old Lombardic lettering which occurred about this time, at first sometimes on one side only. The coinage of this first period has already been described and discussed in this Journal by Mr. C. A. Whitton in his articles entitled ' The Coinages of Henry VIII and Edward VI in Henry's Name' (vol. xxvi, 1949). These actually include the half-sovereigns in Edward's name mentioned above and also the rare groats with his name and profile portrait which were undoubtedly struck during this first period. -
Annual Report of the Director of the Mint
- S. Luriºus vsº ANNUAL REPORT Of the Director of the N/int for the fiscal year ended June 30, 1970. ANNUAL REPORT of the Director of the Mint for the fiscal year ended June 30 1970 DEPARTMENT OF THE TREASURY DOCUMENT NO. 3253 Director of the Mint U.S. GOVERNMENT PRINTING OFFICE WASHINGTON : 1971 For sale by the Superintendent of Documents, U.S. Government Printing Office Washington, D.C. 20402 - Price $1 (paper cover) Stock Number 4805–0009 LETTER OF TRANSMITTAL DEPARTMENT OF THE TREASURY, BUREAU OF THE MINT, Washington, D.C., April 29, 1971. SIR: I have the honor to submit the Ninety-eighth Annual Report of the Director of the Mint, since the Mint became a Bureau within the Department of the Treasury in 1873. Annual reports of Mint activities have been made to the Secretary of the Treasury since 1835, pursuant to the act of March 3, 1835 (4 Stat. 774). Annual reports of the Mint have been made since it was established in 1792. This report is submitted in compliance with Section 345 of the Revised Statutes of the United States, 2d Edition (1878), 31 U.S.C. 253. It includes a review of the operations of the mints, assay offices, and the bullion depositories for the fiscal year ended June 30, 1970. Also contained in this edition are reports for the calendar year 1969 on U.S. gold, silver, and coinage metal production and the world's monetary stocks of gold, silver, and coins. MARY BROOKs, Director of the Mint. Hon. JoHN B. Con NALLY, Secretary of the Treasury. -
February 2012 Invoice Charged Fee Be of $5Will Ifpayment Is Not and May at Doso No Charge Our When Lunches Are Held at Tower the Club
BAR NEWS February 2012 MONTHLY CLE LUNCH Law Enforcement Metropolitan Bar Sales Tax Speaker: Dan Patterson Greene County Prosecuting Attorney Wednesday, March 21, 2012 11:45 AM The Tower Club SPRINGFIELD Starlight Room, 22nd floor 901 E. St. Louis Street REGISTRATION In advance: $20.00 members, $25.00 non-members At the door: $25.00 members, $30.00 non-members Invoice fee of $5 will be charged if payment is not received on the date of the lunch. All full time judges are always welcome to attend and may do so at no charge when our lunches are 2012 SMBA President held at the Tower Club. At alternate locations the member discounted fee will apply. TERESA GRANTHAM Please note: non-members may only attend as • • • guests of SMBA members. Reservations accepted by phone, fax, mail or e-mail. Features This Month Register online! www.smba.cc SMBA President Teresa Grantham: Installation Speech Installation Banquet Photo Album 2 : FEBRUARY 2012 by Teresa Grantham 2012 SMBA President In response to numerous requests by members, Going back just a smidge further than Justice this month’s President’s message is a printing of Teresa Cardozo, Shakespeare taught a little legal procedure Grantham’s President’s Remarks at the 2012 SMBA in The Merchant of Venice. Shylock has a breach of Installation Banquet: contract case. He refuses the merchant’s offer of treble damages in lieu of the pound of flesh that Every year, one of the main priorities of the board judgment on the contract would demand. Portia is how best to maintain and increase collegiality finds a loophole. -
The Gold Metallurgy of Isaac Newton
The Gold Metallurgy of Isaac Newton E. G. V. Newman The Royal Mint, London The science of metals had always appealed to Isaac Newton and when, after the conclusion of his remarkable contributions to mathe- matics and physics, he was invited to take charge of the Royal Mint in London he was able not only to display his great gifts as an administrator but also to exercise his interest in metals and alloys and particularly in the metallurgy of gold. For over thirty years Isaac Newton lived the been accorded him for his scientific work despite the secluded life of a scholar. As undergraduate and later endeavours of his friends Samuel Pepys, John Locke Fellow and Professor at Cambridge he was shy and and Christopher Wren to secure for him a public post reserved, careless of his appearance and even more worthy of his stature. He returned to Cambridge and careless of his eating habits. This period came to a there busied himself with experimental work in triumphant conclusion, of course, with the publication chemistry and metallurgy. of the Principia in 1687. It was not until 1696 that an easement came about For a further period of thirty years, apparently by in the form of an appointment that was to effect a an astonishing transformation, Newton served his complete change in his way of life and his financial country as a highly able public official and also as the welfare. This came through the good offices of an leader of the scientific community. The achievements old friend from his undergraduate days at Trinity and the glory of the former period have not un- College whom he had re-encountered as a fellow naturally overshadowed the latter half of his working Member of Parliament, Charles Montagu. -
Ancient Coins
ANCIENT COINS GREEK COINS 1. Satraps of Caria, Pixodorus (340-334 BC), gold hekte or stater, head of Apollo to r., rev. Zeus Labraundos standing to r. holding double axe and lotus-tipped sceptre, wt. 1.35gms. (Sear 4963; F.440), very fine and rare ⅙ $1000-1200 2. Kings of Lydia, temp. Alyattes-Kroisos, circa 610-546 BC, electrum ⅓ stater or trite, Sardes mint, head of roaring lion to r., rev. two incuse square punches, wt. 4.70gms. (GCV.3398; F.448), very fine $500-700 3. Bactria, Eucratides I (170-145 BC), tetradrachm, dr., cuir. bust r., wearing crested helmet adorned with bull’s horn and ear, rev. BAΣIΛEΩΣ MEΓAΛOY, Dioskouroi holding palm fronds and lances, on horses rearing r., monogram to lower r., in ex. ΕΥΚΡΑΤΙΔΟΥ, wt. 16.94gms. (Sear 7570), certified and graded by NGC as Choice About Uncirculated, Strike 5/5, Surface 4/5 $3200-3500 ANCIENT COINS 4. Kyrene, Kyrenaika (322-313 BC), gold stater, Magistrate Polianthes, KYPANAION, Nike driving quadriga r., sun above r., rev. Zeus stg. l. by thymiaterion, holding patera and sceptre, wt. 8.70gms. (BMC.117), flan a little irregular, extremely fine $4000-4500 5. Kingdom of Thrace, Koson, King of Scythians (died 29 BC), gold stater, c. 40-29 BC, consul between lictors, all togate, walking l., rev. eagle standing l., holding wreath in one claw, wt. 8.33gms. (GCV.1733), obverse struck off-centre, otherwise extremely fine $650-850 ANCIENT COINS ROMAN COINS 6. Roman Republic, C. Servilius (136 B.C.), silver denarius, helmeted head of Roma facing r., wearing a necklace, a wreath and mark of value (XVI monogram) behind, ROMA below, rev. -
BRITISH MONETARY SYSTEM (For Calculations Contained Within the Roseboom Books)
BRITISH MONETARY SYSTEM (for calculations contained within the Roseboom Books): Given: Pound (£). Shilling (s) – 20 shillings = 1 pound. Pence (d) – 12 pence = 1 shilling. 240 pence = 1 pound. Farthing (f) – 4 farthings = 1 pence. 48 farthings = 1 shilling. 960 farthings = 1 pound. The Roseboom Books, when recording account information, usually have three (3) columns representing Pounds, Shillings, and Pence. For example: £ s d One widget 3 2 1 This would be pronounced: “three pounds, two, & one” (representing three pounds, two shillings, and 1 pence. In some instances when recording money outside of the three column format and when pounds are not listed the 18th century format of 6/3 is used. This would be pronounced: “six and three (representing six shillings and three pence. It is important to remember that 13 pence = 1 shilling and 1 pence; and 21 shillings = 1 pound and 1 shilling1. A calculation example using the above is as follows: 115 Gal’s of Rum @ 3/4 = 19 Pounds, 3 Shillings, 4 Pence Step 1: Gal’s X’s shillings 1 One pound and one shilling is also represented by a coin known as a guinea. For our calculation purposes, however, we won’t concern ourselves with the Guinea. The Guinea is a gold coin, originally made of gold from the Guinea coast of Africa. The Guinea came into existence in 1663, under Charles II; when first issued they were worth one pound, or twenty shillings. The value of the guinea had fluctuated over the years from 20 to 30 shillings. A Royal Proclamation of September 1717 fixed the value of the guinea at 21 shillings. -
The 1787 Shilling - a Transition in Minting Technique H.E
THE 1787 SHILLING - A TRANSITION IN MINTING TECHNIQUE H.E. MANVILLE AND P.P. GASPAR '1787. In this year a feeble attempt was made to supply the want of Silver Money by a coinage of that metal. But it appears as if the directors of Mint affairs had exhausted all their powers in the restoration of the Gold Coins, for after an issue of about seventy or eighty thousand Pounds, in Shillings and Sixpences, the coinage of Silver was stopped.'1 'In the year 1787 the Bank coined £55,280 in New Silver, not with any intention of issuing it in gen- eral to the Publick, but only in small quantities to their Customers at Christmastime.'2 Introduction THE first statement , from Rogers Ruding's Annals (1817), represents a general impression held by numismatists: That the coinage of shillings and sixpences in 1787 was a feeble and short-lived attempt by the Government to begin to relieve the severe shortage of silver coins. The second quo- tation presents the true picture: That the coins were a private striking for the Bank of England, not intended for general circulation. This was a time of change in the techniques employed by the Mint for the manufacture of dies. The long-established use of individual letter punches to apply the inscription to each die was slow and inefficient, but could only be phased out when fully lettered punches became available. This required the raising of punches from fully lettered matrices. For a time of transition within the Mint, the study of one issue may fill in gaps in the available records. -
Notes on British Money of Adam Smith's Time
K.D. Hoover Adam Smith and the System of Natural Liberty Revised, 15 November 2020 Notes on British Money of Adam Smith’s Time The official British monetary unit in Adam Smith’s time, as today, is the pound sterling. As its name implies it was originally a silver currency, but by the 1750s, Britain had adopted the gold standard. Until 1971, the pound was divided into 20 shillings, and each shilling was worth 12 pence, so that the pound was worth 240 pence. The standard symbol for pounds is £, usually written before the numerals (e.g., £130). Frequently, when subparts of pounds are included, pounds/shillings/pence are written l/s/d, usually written after the numerals (e.g., 4 pounds, 7 shillings, and 9 pence is written 4 l. 7s. 9d). While this seems like a complicated system to us who are used to the decimal system, it was a commonplace system in early modern Europe. Decimalization began with the French Revolution. Britain had little use for France, and so resisted longer than most other countries. In fact, the prime factors of 12 and 20 are more numerous than those of 10, so that, once one is used to it, the old system is not so hard for mental arithmetic. th In Smith’s time and through most of the 19 century, the pound sterling was defined by its gold value: 1 Troy ounce of gold = 3 l. 17s 10½d (the most common way of stating it) or, put 1 inversely, £1 = 0.2242 (i.e., 1 pound was worth between /5 and ¼) Troy ounce of gold. -
The Sovereign – Setting the Gold Standard
ALCHEMIST ISSUE SEVENTY SEVEN The Sovereign – Setting the Gold Standard By Victoria Newman, PR Communications Manager, The Royal Mint an attempt to restabilise the county’s currency, the British Government took the decision to adopt the gold standard. As a result of this Great Coinage of 1816, the value of Britain’s currency became tied to the value of gold and a new circulating gold coin with a value of 20 shillings was introduced – the Sovereign. Almost half the weight and diameter of the original Sovereign, the new gold coin of 1817 more than matched its predecessor in the beauty of its design. The Italian engraver Benedetto Pistrucci was given the task of designing the reverse image for this new 19th-century Sovereign and created his own classical depiction of St George and the Royal Mint Sovereign, obverse and reverse dragon to take pride of place on the coin. Whilst this now iconic design continues to be struck on Victoria Newman reviews the history of the Sovereign, the flagship gold Sovereigns today, its initial outing actually lasted coin of The Royal Mint, and one of the world’s most famous gold coins for only eight years before it was replaced by more conventional heraldic designs in 1825. with a rich and varied history that dates back for more than 500 years. Dr Kevin Clancy, Director of the Royal Mint Museum, stated: “The gold Sovereign was first introduced in 1489 when Henry VII instructed the Mint to produce ‘a new money of gold’, which would be the largest coin England had ever seen, both in size and value, making in the process a strong statement about his reign. -
British Coins
BRITISH COINS 1001. Celtic coinage, Gallo-Belgic issues, class A, Bellovaci, gold stater, mid 2nd century BC, broad flan, left type, large devolved Apollo head l., rev. horse l. (crude disjointed charioteer behind), rosette of pellets below, wt. 7.10gms. (S.2; ABC.4; VA.12-1), fine/fair, rare £500-600 *ex DNW auction, December 2007. 1002. Celtic coinage, Regini, gold ¼ stater, c. 65-45 BC, weak ‘boat’ design, two or three figures standing,rev . raised line, other lines at sides, wt. 1.73gms. (S.39A; ABC.530; VA.-); gold ¼ stater, c.65-45 BC, mostly blank obverse, one diagnostic raised point, rev. indistinct pattern, possibly a ‘boat’ design, scyphate flan, wt. 1.46gms. (cf. S.46; ABC.536; VA.1229-1), the first fair, the second with irregular crude flan, minor flan cracks, very fine or better (2) £180-200 The second found near Upway, Dorset, 1994. 1003. Celtic coinage, early uninscribed coinage, ‘Eastern’ region, gold ¼ stater, trophy type, 1st century BC, small four-petalled flower in centre of otherwise blank obverse with feint bands, rev. stylised trophy design, S-shaped ornaments and other parts of devolved Apollo head pattern, wt. 1.40gms. (cf. S.47; ABC.2246; cf. VA.146-1), reverse partly weakly struck, very fine £200-300 1004. Celtic coinage, Tincomarus (c. 25 BC – AD 10) gold quarter stater, COMF on tablet, rev. horse to l., TI above, C below, wt. 0.96gms. (S.81; M.103; ABC.1088 [extremely rare]), flan ‘clip’ at 3-5 o’clock, about very fine £100-150 1005. Celtic coinage, Catuvellauni, Tasciovanus (c.25 BC - AD 10), gold ¼-stater, cruciform wreath patterns, two curved and two straight, two crescents back to back in centre, pellet in centre and in angles, rev. -
The Scottish Recoinage of 1707-9 and Its Aftermath Atholl
THE SCOTTISH RECOINAGE OF 1707-9 AND ITS AFTERMATH ATHOLL. MURRAY1 THE Scottish recoinage of 1707-9 has been a neglected subject.2 Cochran-Patrick prints a few rel- evant documents but seems to have considered it outwith the scope of his Records of the Coinage of Scotland? It has received short shrift from historians of the English mint. Sir John Craig's Newton and the Mint does treat it at some length but is too dismissive of the contribution made by the Scottish mint personnel.4 This paper is concerned less with the coins than with the administra- tion that produced them, which worked well, despite a number of unforeseeable problems. Nevertheless, though the original project was completed successfully, it fell short of what was needed, leaving Scotland suffering from a shortage of small change for the rest of the eighteenth century. The recoinage was undertaken in fulfilment of Article 16 of the Treaty of Union: 'That from and after the Union, the coin shall be the same standard and value throughout the United Kingdom, as now in England.' The English commissioners had proposed this, linking it to the adoption of English weights and measures. The Scottish commissioners had put forward their own proposal that 'After the Union the Mint at Edinburgh be always continued under the same rules as the Mint in the Tower of London or elsewhere in the United Kingdom'.5 This was incorporated in Article 16, its effect being to put the Edinburgh mint on an entirely different footing from the temporary country mints set up for the English recoinage.