Act of Parliament | |
Long title | An Act to consolidate and amend the law relating to the Coinage and Her Majesty's Mint |
---|---|
Citation | 33 & 34 Vict. c. 10 |
Territorial extent | Does not extend to any British possession, save as expressly provided by this Act, or by any proclamation made thereunder. [2] |
Dates | |
Royal assent | 4 April 1870 |
Other legislation | |
Repeals/revokes | Coin Act 1666, Coinage in American Plantations Act 1707 |
Repealed by | Coinage Act 1971 |
Status: Repealed |
The Coinage Act 1870 (33 & 34 Vict. c. 10) is an act of the Parliament of the United Kingdom. It stated the metric weights of British coins. For example, it defined the weight of the sovereign as 7.98805 grams (about 123.27747 grains). [3] The act was repealed by the Coinage Act 1971. [4] The act is retained for the Republic of Ireland by section 2 of, and part 4 of schedule 1 to, the Statute Law Revision Act 2007.
The act also vested the titles of Master of the Mint and 'Governor of the Mint of Scotland', which had ceased minting coins in 1707, in the Chancellor of the Exchequer. [5]
The act also gave the British government the authority to establish overseas branches of the Mint in British possessions. [6] In 1907, the government used that power to establish a branch of the Mint in Ottawa, at the request of the Canadian government. [7] It repealed the authorization in 1931, when the Mint in Ottawa came under full Canadian control. [8]
A contemporary history suggests that the act was influenced by the criticisms of George Frederick Ansell. [9]
The Coinage Act of 1873 or Mint Act of 1873 was a general revision of laws relating to the Mint of the United States. By ending the right of holders of silver bullion to have it coined into standard silver dollars, while allowing holders of gold to continue to have their bullion made into money, the act created a gold standard by default. It also authorized a Trade dollar, with limited legal tender, intended for export, mainly to Asia, and abolished three small-denomination coins. The act led to controversial results and was denounced by critics as the "Crime of '73".
The British decimal one penny (1p) coin is a unit of currency and denomination of sterling coinage worth 1⁄100 of one pound. Its obverse featured the profile of Queen Elizabeth II since the coin's introduction on 15 February 1971, the day British currency was decimalised until her death on 8 September 2022. A new portrait featuring King Charles III was introduced on 30 September 2022, designed by Martin Jennings. Four different portraits of the Queen were used on the obverse; the last design by Jody Clark was introduced in 2015. The second and current reverse, designed by Matthew Dent, features a segment of the Royal Shield and was introduced in 2008. The penny is the lowest value coin ever to circulate in the United Kingdom.
Emperor or Empress of India was a title used by British monarchs from 1 May 1876 to 22 June 1948 to signify their sovereignty over the Indian Empire as its imperial head of state. The image of the emperor or empress appeared on Indian currency, in government buildings, railway stations, courts, on statues etc. Oaths of allegiance were made to the emperor or empress and the lawful successors by the governors-general, princes, governors, commissioners in India in events such as imperial durbars.
The double florin, or four-shilling piece, was a British coin produced by the Royal Mint between 1887 and 1890. One of the shortest-lived of all British coin denominations, it was struck in only four years. Its obverse, designed by Joseph Boehm and engraved by Leonard Charles Wyon, depicts Queen Victoria, whilst the reverse, featuring national symbols of the United Kingdom, was designed by Wyon based on the coinage of Charles II.
The sovereign is a British gold coin with a nominal value of one pound sterling (£1) and contains 0.2354 troy oz of pure gold. Struck since 1817, it was originally a circulating coin that was accepted in Britain and elsewhere in the world; it is now a bullion coin and is sometimes mounted in jewellery. In addition, circulation strikes and proof examples are often collected for their numismatic value. In most recent years, it has borne the design of Saint George and the Dragon on the reverse; the initials of the designer, Benedetto Pistrucci, are visible to the right of the date.
The Royal Mint is the United Kingdom's official maker of British coins. It is currently located in Llantrisant, Wales, where it moved in 1968.
Coinage Act is a stock short title used for legislation in the United Kingdom and the United States related to coinage.
The pound was the currency of Australia from 1910 until 14 February 1966, when it was replaced by the Australian dollar. Like other £sd currencies, it was subdivided into 20 shillings, each of 12 pence.
In Canada, a penny is an out-of-production coin worth one cent, or 1⁄100 of a dollar. According to the Royal Canadian Mint, the official term for the coin is the one-cent piece, but in practice the terms penny and cent predominate. Penny was likely readily adopted because the previous coinage in Canada was the British monetary system, where Canada used British pounds, shillings, and pence as coinage alongside U.S. decimal coins and Spanish milled dollars.
The British sixpence piece, sometimes known as a tanner or sixpenny bit, was a denomination of sterling coinage worth 1⁄40 of one pound or half of one shilling. It was first minted in 1551, during the reign of Edward VI, and circulated until 1980. The coin was made from silver from its introduction in 1551 until 1947, and thereafter in cupronickel.
The history of Canadian currencies began with Indigenous peoples in Canada prior to European contact, when they used items such as wampum and furs for trading purposes. The Indigenous peoples continued to use those items as currency when trade with Europeans began. During the period of French colonization, coins were introduced, as well as one of the first examples of paper currency by a western government. During the period of British colonization, additional coinage was introduced, as well as banknotes. The Canadian colonies gradually moved away from the British pound and adopted currencies linked to the United States dollar. With Confederation in 1867, the Canadian dollar was established. By the mid-20th century, the Bank of Canada was the sole issuer of paper currency, and banks ceased to issue banknotes.
The United States trade dollar was a dollar coin minted by the United States Mint to compete with other large silver trade coins that were already popular in East Asia. The idea first came about in the 1860s, when the price of silver began to decline due to increased mining in the western United States. A bill providing in part for the issuance of the trade dollar was eventually put before Congress, where it was approved, and signed into law as the Coinage Act of 1873. The act made trade dollars legal tender up to five dollars. A number of designs were considered for the trade dollar, and an obverse and reverse created by William Barber were selected.
The Ottawa Mint sovereign is a British one pound coin minted between 1908 and 1919 at the Ottawa Mint (known today as the Ottawa branch of the Royal Canadian Mint. This has augmented debate among Canadian numismatists because some view these pieces as Canadian while others view them as British and thus distinct from the decimal series of Canadian coinage. Since the opening of the Ottawa Mint, the Dominion of Canada's government wanted to produce decimal gold coins. As it was a branch of the Royal Mint, it was obligated to mint sovereigns on request. When sovereigns were requested, it was usually for export causes.
The Coinage Act of 1965, Pub. L.Tooltip Public Law 89–81, 79 Stat. 254, enacted July 23, 1965, eliminated silver from the circulating United States dime and quarter dollar coins. It also reduced the silver content of the half dollar from 90 percent to 40 percent; silver in the half dollar was subsequently eliminated by a 1970 law.
The shilling, informally called a "bob", was a type of silver coinage issued by the Commonwealth of Australia, that circulated prior to the decimalisation of Australian coinage. The Australian shilling was derived from the British pre-decimal sterling pound system and was first issued following the passing of the Australian Coinage Act 1909, which established Australia's first formal currency system. The shilling was issued as part of Australia's silver coinage, which included the two-shilling (florin), the sixpence and the threepence. The shilling was minted from 1910 until 1963. During this period there was one significant modification to the design of the Australian shilling, the change in its reverse design, which occurred in 1938 when the design was altered from the Australian coat of arms (1910–1936) to the visage of a Merino ram's head (1938–1963).
The British pre-decimal penny was a denomination of sterling coinage worth 1⁄240 of one pound or 1⁄12 of one shilling. Its symbol was d, from the Roman denarius. It was a continuation of the earlier English penny, and in Scotland it had the same monetary value as one pre-1707 Scottish shilling. The penny was originally minted in silver, but from the late 18th century it was minted in copper, and then after 1860 in bronze.
The United Kingdom possesses a number of islands in the South Atlantic Ocean and claims a section of the Antarctic continent. These territories are St. Helena with Ascension Island and Tristan da Cunha, the Falkland Islands, South Georgia and the South Sandwich Islands, and the UK's claimed Antarctic territory, called the British Antarctic Territory. The official currency in these territories is either Pound sterling or a local currency that evolved from sterling and is at a fixed one-to-one parity with sterling.
George Frederick Ansell was an English scientific inventor, chemist and assayer, and author of a standard work on the Royal Mint.
The British twopence (2d) coin was a denomination of sterling coinage worth two pennies or 1/120 of a pound. It was a short-lived denomination in copper, being minted only in 1797 by Matthew Boulton's Soho Mint.
The 10 sen coin (十銭硬貨) was a Japanese coin worth one tenth of a Japanese yen, as 100 sen equalled 1 yen. These coins were minted from the late 19th century up until the end of World War II.