Saw this and thought it was interesting... https://www.ngccoin.com/news/articl...oNGpVb1JcL2RQRXB6amp2TlBcL1wvYWU1NGI3YzMifQ==
So these were used as a penny? It seems really weird to have such a large coin, in gold, as such a low value denomination. And also, you can buy it if you really want: https://coins.ha.com/itm/great-brit...3061-32241.s?ic4=GalleryView-Thumbnail-071515
Likely a royal or diplomatic presentation piece struck with penny dies, would be my guess. Certainly would not have been intended for normal circulation.
Don't know if you read the NGC article linked above, but that is definitely not what they were saying. They made it sound like 50,000 were minted, but they were unpopular in commerce and then the mint redeemed them.
Oh. Sorry. No, I clicked through relatively briefly and more looked at pictures than read much. I'll have to go back and do that.
The NGC article notes that prior to the 13th Century, kingdoms in Western European did not make their own gold coinage but used Byzantine "Bezants" and ancient coins. Possibly merchants rejected the unusual Henry III coins, not unlike the current situation with US dollar coins.
Had I been around at that time, I would have loved to put a few away in my collection Remember there were private issues of 1/4 Dollar/ 1/2 Dollar in California circa 1849-80. Nowadays your 50/ 25 cent pieces are cheap cupro nickel. In Nuremberg/ Regensburg etc., they struck 1/32 of a AV Dukat=6 cents.
I guess I just assumed that you were bidding on this lot, as one of the crown jewels of your AV collection Can't wait to see you post your newp!
