Gold Penny

• Buy GoldGold Coins & Gold Bars
• Buy SilverSilver Coins, Rounds & Bars
• Buy PlatinumPlatinum Bars & Coins
• Buy PalladiumPalladium Bars & Coins
• Buy Rhodium
• Gold Bars1 Gram to Kilo
• Silver BarsSilver Bullion - 1oz, 10oz, 100oz
• American Gold EaglesUncirculated 1986-Date
• American Silver EaglesSilver Eagles 1986-Date
• Canadian Gold Maple Leafs1979-Date
• Canadian Silver Maple LeafsUncirculated & Privy
• 2020 Silver Christmas Coins & Bars
• Gold CoinsPopular Bullion Coins
• Silver Rounds
• South African Gold Krugerrands
• Morgan DollarsAll Dates & Grades
• American Gold Buffalo CoinsBU & Proof
• RCM Silver CoinsWildlife, Predator, Superman
• Silver Chinese Pandas1982-Date
• 90% Silver US CoinsUS Junk Silver, 90% Silver
• Mexican Silver Libertads
• Holiday Gift Guide

The gold penny was a medieval English coin with a value of twenty pence (i.e. ​¹⁄₁₂pound sterling).

Until the reign of King Henry III of England (1216–1272), any need in England for coins worth more than one penny, at the time a silver coin, was met by the use of Byzantine or Arabicgold and silver coins which circulated among merchants and traders. However, as commerce increased, so did the need for higher value coins. In 1257, Henry instructed his goldsmith, William of Gloucester, to produce a coinage of pure gold.

The gold penny was introduced, with a value of twenty pence. The coin's obverse showed the king enthroned, in his royal attire, with a scepter in his right hand and a globus cruciger in his left, with the legend HENRICUS REX III (King Henry III). The reverse contained a long cross extending to the edge, with a flower in each quarter, and the moneyer's name in the legend, thus WILLEM ON LVND (William of London). Some examples read LVNDEN or LVNDE instead of LVND.^[1]

Buy Gold Coins from APMEX Gold coins are a popular choice with Gold investors. Gold bullion coins are often an attractive starting point for novice investors, while also padding the portfolio of the most seasoned investors. Gold coins for sale are often adorned with beautiful designs, inspired by artwork from all over the world. 1-12 of 170 results for Gold Coins. 2019 American Silver Eagle $1 MS70 NGC Early Releases. 10 & FREE Shipping. Arrives: Friday, Feb 12.

The gold penny was not popular. Thomas Carte, in his A general history of England, says that the citizens of London made a representation against them on 24 November 1257, and that 'the King was so willing to oblige them, that he published a proclamation, declaring that nobody was obliged to take it [the gold penny], and whoever did, might bring it to his exchange, and receive there the value at which it had been made current, one halfpenny only being deducted from each, most probably for the expense of coinages'.^[2]

See Full List On Stocksunder1.org

Compared to its bullion weight, the coin was undervalued. By 1265, the gold in the coin was worth twenty-four pence rather than twenty, and it is believed that most of the coins were melted down for profit by individuals. Gold coins would not be minted again in England until the reign of King Edward III about seventy years later.

As all the coins were recalled and melted down, the gold penny completely disappeared from view, and all knowledge of its prior existence was forgotten. However, in the 1700s, documentation came to light indicating that it had been minted. Inevitably, a few coins escaped the melt—perhaps being lost. Now, a handful of the gold pennies have come to light—possibly eight in all.^[3]

The last circulating gold penny to be sold on auction, in 1996, fetched GB£145,000 (equivalent to £274,000 in 2019).^[4]

Notes[edit]

1. ^Grueber, Herbert Appold (1 January 1999). Handbook of the Coins of Great Britain and Ireland in the British Museum: With Preface by Barclay Vincent Head. Adegi Graphics LLC. ISBN978-1-4021-1090-0.
2. ^Gold Penny Article with pictureArchived 2007-09-28 at the Wayback Machine
3. ^'Gold Penny'. www.coinandbullionpages.com. Retrieved 27 May 2020.
4. ^'Coenwulf is king again as unique penny takes £200,000'. www.antiquestradegazette.com. Retrieved 27 May 2020.

Gold Penny 1972

References[edit]

• Herbert Grueber: A Handbook of the Coins of Great Britain and Ireland in the British Museum, London, 1899. p.42 (1970 reprint ISBN1-4021-1090-1)

Gold Penny Necklace