Groat (coin)

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Groat of Edward I 4 pences.jpg
A silver groat from the reign of Edward I of England (1272–1307)

The groat is the traditional name of a defunct English and Irish silver coin worth four pence, and also a Scottish coin which was originally worth fourpence, with later issues being valued at eightpence and one shilling.

Contents

Name

The name has also been applied to any thick or large coin, such as the Groschen (grosso), a silver coin issued by Tyrol in 1271 and Venice in the 13th century, which was the first of this general size to circulate in the Holy Roman Empire and other parts of Europe. The immediate ancestor to the groat was the French gros tournois or groat of Tours, which was known as the groot (Dutch for "great" or "large") in the Netherlands.

The name also refers to a range of other European coins such as those of the Italian peninsula known as a grosso including the grosso of Venice and the Kraków grosz in Poland. Marco Polo referred to the groat in recounts of his travels to East Asia when describing the currencies of the Yuan Empire. [1] His descriptions were based on the conversion of 1 bezant = 20 groats = 133+13 tornesel. [2]

History

David II of Scotland
David II of Scotland groat 1367 612676.jpg
++DAVID x REX x SCOTORVm Crowned bust left holding sceptre before; star at base of sceptreOuter circle: +DNS PTECTOR MS F LIBATOR MS - inner circle: VILL A ED InBV RGh Long cross quartered with of five points mullets.
AR Groat (3.11 g). Light coinage, 1367-1371. Edinburgh mint.
Edward III
GLO-247236 Medieval Groat of Edward III (FindID 662156).jpg
Minted: London, Series: B, Years Minted: 1351 - 1361 (Courtesy of Guillelmus Thompson, Owner of Coins of Britannia)
Henry VIII: Irish groat
Henry 8 Irish groat 1541 756365.jpg
Henry VIII minted these Irish groats, crowned coat-of-arms over cross fourchee; mm: trefoilFRAnCIE ET hIBERnIE REX, crowned harp; crowned h and crowned R flanking (henricus Rex).
AR Groat (25 mm, 2.32 g, 12h). Second harp issue, as king of Ireland, 1541-1542. London mint (exported).
Elizabeth I: Irish groat
Elisabeth Irish groat 1561 602448.jpg
ELIZABETH·D·G·ANG·FRA·Z·HIB:REGIN (Elizabeth by the Grace of God, of England, France and Ireland Queen)POSVI·DEV·ADIVTOREM·MEV (I have made God my helper)
AR Groat (2.82 g).

It was after the French silver coin had circulated in England that an English groat was first minted under King Edward I.

Scottish groats were not issued until the reign of David II. Scots groats were originally also worth fourpence, but later issues were valued at eightpence and a shilling. [3] [4]

Irish groats were minted first in 1425 and the last ones were minted under the reign of Elizabeth I of England. There were also two more issues, both emergency coinage. [5]

Since the pound sterling or 240 pence was based from the 12th century on a Tower Pound or 5,300 grains (340 g) of sterling or 0.925 fine silver, the English groat or fourpence therefore contained 90 grains (5.8 g) of sterling silver. Later issues became progressively lighter: 72 grains (4.7 g) in 1351 under Edward III, 60 grains (3.9 g) in 1412 under Henry IV, and 48 grains (3.1 g) in 1464 under Edward IV. From 1544 to 1560 (the weight being reduced to 32 grains (2.1 g) in 1559) the silver fineness was less than sterling, and after the 1561 issue they were not generally issued for circulation again for about a hundred years.

From the reigns of Charles II to George III, groats (by now often known as fourpences) were issued on an irregular basis for general circulation, the only years of mintage after 1786 being in 1792, 1795, and 1800. After this the only circulating issues were from 1836 to 1855, with proofs known from 1857 and 1862, and a colonial issue of 1888. These last coins had the weight further reduced to about 27 grains (1.9 grams) and were the same diameter as the silver threepenny pieces of the day although thicker. They also had Britannia on the reverse, while all other silver fourpenny pieces since the reign of William and Mary have had a crowned numeral "4" as the reverse, including the silver fourpenny Maundy money coins of the present. Some groats continued to circulate in Scotland until the 20th century.

At times in the past, silver twopenny coins have been called "half-groats".

The groat ceased to be minted in the United Kingdom in 1856, but in 1857 a special request was made for a colonial variety to be minted for use in British Guiana and the British West Indies. The groat remained in circulation in British Guiana right up until that territory adopted the decimal system in 1955.

Groats are still issued in sets of Maundy Coinage.

Royal Navy chaplains

In the 1600s and 1700s, chaplains were employed in English Navy ships of war by the captain, and paid out of a groat per month deducted from the wages of the seamen. The Navy's wages did not rise between 1653 and 1797 (see Spithead and Nore mutinies), during which time the ordinary seaman was paid 19 shillings, as was the chaplain. [6]

Cultural references

The word "groat" has entered into a number of English and Scottish expressions, many of them now archaic.

In the north of England, there is the saying "Blood without groats is nothing" meaning "family without fortune is worthless." The allusion is to black pudding, which consists chiefly of blood and oats formed into a sausage and cut into slices. "Not worth a groat" is an old saying meaning "not worth a penny", i.e. worthless.

Benjamin Franklin, in his book, Necessary Hints gives the following thrifty advice:

He that spends a groat a day idly, spends idly above six pounds a year.

Beatrix Potter's The Tale of Squirrel Nutkin features the following riddle:

Riddle me, riddle me, rot-tot-tote! A little wee man in a red red coat! A staff in his hand, and a stone in his throat; If you'll tell me this riddle, I'll give you a groat.

The answer is "a cherry". [7]

In The Cemetary Book by Neil Gaiman, a character recounts the paying of groats to people who held her underwater to determine if she was a witch:

And Mistress Jemima's father gives them each a silver groat to hold the stool down under the foul green water for a long time, to see if I'd choke on it.

According to Hawkins' History of the Silver Coins of England, [8] groats were also known as "Joeys",

so called from Joseph Hume, M.P., who strongly recommended the coinage for the sake of paying short cab-fares, etc.

This refers to the Victorian fourpenny piece. The mention of cab fares is related to the fact that the standard minimum was fourpence, so many passengers paid with a sixpenny piece, allowing the cabbie to keep the twopence change as a tip. The slang name "Joey" was transferred to the silver threepenny pieces in use in the first third of the twentieth century.

In A Little Princess by Frances Hodgson Burnett, Sara Crewe picks up a fourpenny piece from the street and uses it to buy buns. The original story was set in 1888.

John o' Groats, a place name in the north of Scotland, is not derived from "groat" but is a corruption of "Jan de Groot", the name of a Dutchman who migrated there in the reign of James IV. [9] [10]

See also

Notes

  1. Yule, Henry; Cordier, Henri. The Travels of Marco Polo: The Complete Yule-Cordier Edition. Third edition (1903), revised and updated by Henri Cordier. Plain Label Books. p. 1226-27. ( ISBN   1603036156)
  2. Henry Yule. The Travels of Marco Polo: The Complete Yule-Cordier Edition. Third edition (1903), revised and updated by Henri Cordier. Plain Label Books. p. 1229-30. (Note) ( ISBN   1603036156)
  3. Mackay: Coin...
  4. Stewart: Scottish...
  5. Grueber: Handbook...
  6. Christopher Lloyd (1970). "The Early Stuart Mariner". The British seaman 1200–1860: a social survey . Associated University Presses. pp. 69, 249. Accessed 12 July 2011.
  7. "A Cherry / mp3 midi free download beach motel Sechelt bed breakfast".
  8. Edward Hawkins, Silver Coins of England, London, MDCCCXLI. p.257
  9. "Brewer, E. Cobham. Dictionary of Phrase & Fable. John o'Groat".
  10. "The History of John O'Groats - Visit John O'Groats".

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References