The standard circulating coinage of the United Kingdom, British Crown Dependencies and British Overseas Territories is denominated in pennies and pounds sterling, and ranges in value from one penny sterling to two pounds. Since decimalisation, on 15 February 1971, the pound has been divided into 100 (new) pence. Before decimalisation, twelve pence made a shilling, and twenty shillings made a pound.
A penny is a coin or a unit of currency in various countries. Borrowed from the Carolingian denarius, it is usually the smallest denomination within a currency system. Presently, it is the formal name of the British penny (abbr. p) and the de facto name of the American one-cent coin (abbr. ¢) as well as the informal Irish designation of the 1 cent euro coin (abbr. c). Due to inflation, pennies have lost virtually all their purchasing power and are often viewed as an expensive burden to merchants, banks, government mints and the public in general.
The florin was an attempt by English King Edward III to produce a gold coinage suitable for use in Europe as well as in England. The florin was largely based on contemporary European gold coins, with a value of three shillings. The gold used to strike the coins was overvalued, resulting in the coins being unacceptable to the public, and the coins were withdrawn after only a few months in circulation in August 1344 to be melted down to produce the more popular noble. Few specimens have survived of what is often regarded as one of the most beautiful medieval English coins ever produced.
The quarter florin or helm was an attempt by English King Edward III to produce a gold coinage suitable for use in Europe as well as in England. The Helm, based on contemporary European gold coins had a value of one shilling and sixpence. However, the gold used to strike the coins was overvalued, resulting in the coins being unacceptable to the public, and the coins were withdrawn after only seven months in circulation, and eventually demonetised in August 1344, to be melted down to produce the more popular gold Noble.
The noble was the first English gold coin produced in quantity, introduced during the second coinage (1344–1346) of King Edward III. It was preceded by the gold penny and the florin, minted during the reign of King Henry III and the beginning of the reign of King Edward III; these saw little circulation. The derivatives of the noble, the half noble and quarter noble, on the other hand, were produced in quantity and were very popular.
The gold penny was a medieval English coin with a value of twenty pence.
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 British florin, or two-shilling piece, was a coin worth 1⁄10 of one pound, or 24 pence. It was issued from 1849 until 1967, with a final issue for collectors dated 1970. It was the last coin circulating immediately prior to decimalisation to be demonetised, in 1993, having for a quarter of a century circulated alongside the ten-pence piece, identical in specifications and value.
The five pound British gold coin, or quintuple sovereign, has a nominal value of five pounds sterling, and has been struck intermittently since 1820, though as a circulation coin only in 1887, 1893 and 1902. Through most of its history, it has depicted, on its reverse, the Italian sculptor Benedetto Pistrucci's portrayal of St George and the Dragon, which has traditionally been used on the sovereign, or one-pound gold coin.
The guinea was a coin, minted in Great Britain between 1663 and 1814, that contained approximately one-quarter of an ounce of gold. The name came from the Guinea region in West Africa, from where much of the gold used to make the coins was sourced. It was the first English machine-struck gold coin, originally representing a value of 20 shillings in sterling specie, equal to one pound, but rises in the price of gold relative to silver caused the value of the guinea to increase, at times to as high as thirty shillings. From 1717 to 1816, its value was officially fixed at twenty-one shillings.
The British crown was a denomination of sterling coinage worth 1⁄4 of one pound, or 5 shillings, or 60 (old) pence. The crown was first issued during the reign of Edward VI, as part of the coinage of the Kingdom of England.
The Florentine florin was a gold coin struck from 1252 to 1533 with no significant change in its design or metal content standard during that time. It had 54 grains of nominally pure or 'fine' gold with a purchasing power difficult to estimate but ranging according to social grouping and perspective from approximately 140 to 1,000 modern US dollars. The name of the coin comes from the Giglio bottonato, the floral emblem of the city, which is represented at the head of the coin.
Sterling is the currency of the United Kingdom and nine of its associated territories. The pound is the main unit of sterling, and the word "pound" is also used to refer to the British currency generally, often qualified in international contexts as the British pound or the pound sterling. In British English, its most common nickname is "quid."
The half sovereign is a British gold coin denominated at one-half of a pound sterling. First issued in its present form in 1817, it has been struck by the Royal Mint in most years since 1980 as a collector's and bullion piece.
The angel was an English gold coin introduced by Edward IV in 1465. It was patterned after the French angelot or ange, which had been issued since 1340. The name derived from its representation of the archangel Michael slaying a dragon. As it was considered a new issue of the noble, it was also called the angel-noble.
The Sylloge of the Coins of the British Isles (SCBI) is an ongoing project to publish all major museum collections and certain important private collections of British coins. Catalogues in the series contain full details and illustrations of each and every specimen. Every Anglo-Saxon and Norman coin included in the project can be viewed on the SCBI Database, based at the Department of Coins and Medals, Fitzwilliam Museum, Cambridge.
A tarì was the Christian designation of a type of gold coin of Islamic origin minted in Sicily, Malta and Southern Italy from about 913 to the 13th century.
Coinage in Anglo-Saxon England refers to the use of coins, either for monetary value or for other purposes, in Anglo-Saxon England.
The Old Head coinage or Veiled Head coinage were British coins struck and dated between 1893 and 1901, which featured on the obverse a portrait by Thomas Brock of an aged Queen Victoria wearing a diadem partially hidden by a widow's veil. It replaced the Jubilee coinage, struck since 1887, which had been widely criticised both for the portrait of the Queen, and because the reverses of most of the coins did not state their monetary values. Some denominations continued with their old reverse designs, with Benedetto Pistrucci's design for the sovereign extended to the half sovereign. New designs for some of the silver coinage were inaugurated, created either by Brock or by Edward Poynter, and all denominations less than the crown, or five-shilling piece, stated their values.
Noonans Mayfair, formerly Dix Noonan Webb, is an auction house based in London. It specialises in coins, medals, jewellery and paper money. Since being established, the firm has sold over 400,000 lots.
