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An odd “1806 Great Britain Penny”
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<p>[QUOTE="The Eidolon, post: 5221850, member: 102103"]"It makes little sense to produce a counterfeit of the proper weight, thickness, and diameter."</p><p><br /></p><p>I can't vouch for the authenticity or not, but I could attempt to provide a motivation. The 1797 cartwheel pennies were an attempt to make a "full bodied" copper coin, in which they contained about an penny's worth of copper. All of the later ones were much lighter, and were produced at a profit on the materials. I believe the weight dropped from 28.35 g for the 1797 to 18.9 g for the 1806-08 series. So even a full weight counterfeit could have been produced at a significant profit.</p><p><br /></p><p>Acting against this, the Napoleonic Wars greatly increased the price of copper as it was in important material for copper sheathing of ships to protect them from barnacles. The price rise was one of the reasons the 1797 pennies and twopence didn't circulate for long--they were worth more as melt. I don't know the exact copper price of copper in the UK in 1806 (or if the coin was actually made in 1806, for that matter). But I'm pretty sure the mint was making a profit on the materials for the copper coinage by 1806, so so potentially could counterfeiters.</p><p><br /></p><p>My guess is contemporary counterfeit.[/QUOTE]</p><p><br /></p>
[QUOTE="The Eidolon, post: 5221850, member: 102103"]"It makes little sense to produce a counterfeit of the proper weight, thickness, and diameter." I can't vouch for the authenticity or not, but I could attempt to provide a motivation. The 1797 cartwheel pennies were an attempt to make a "full bodied" copper coin, in which they contained about an penny's worth of copper. All of the later ones were much lighter, and were produced at a profit on the materials. I believe the weight dropped from 28.35 g for the 1797 to 18.9 g for the 1806-08 series. So even a full weight counterfeit could have been produced at a significant profit. Acting against this, the Napoleonic Wars greatly increased the price of copper as it was in important material for copper sheathing of ships to protect them from barnacles. The price rise was one of the reasons the 1797 pennies and twopence didn't circulate for long--they were worth more as melt. I don't know the exact copper price of copper in the UK in 1806 (or if the coin was actually made in 1806, for that matter). But I'm pretty sure the mint was making a profit on the materials for the copper coinage by 1806, so so potentially could counterfeiters. My guess is contemporary counterfeit.[/QUOTE]
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An odd “1806 Great Britain Penny”
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