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<p>[QUOTE=&quot;Jimski, post: 3005738, member: 77373&quot;]<b>1686 British tin halfpenny, James II, S-3419 </b></p><p><br /></p><p>Obverse legend: IACOBVS·SE(C)V(NDUS)</p><p>[ATTACH=full]744646[/ATTACH]</p><p><br /></p><p>Reverse Legend: (BRIT)AN(-NI)A</p><p>[ATTACH=full]744647[/ATTACH]</p><p>[ATTACH=full]744638[/ATTACH]</p><p>Edge legend: NV(MMORVM·F)AMVLV(S·1)686(·)</p><p>Meaning: Money-servant (to serve as money) – 1686</p><p><br /></p><p>&nbsp;&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; AMVL on the edge</p><p>[ATTACH=full]744639[/ATTACH]</p><p><b><br /></b></p><p><b>British tin coinage of 1684 thru 1692</b></p><p>From: The Coins of Colonial and Early America, Louis Jordan, University of Notre Dame, Department of Special Collections.</p><p><a href="https://coins.nd.edu/ColCoin/ColCoinIntros/Br-Copper.intro.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://coins.nd.edu/ColCoin/ColCoinIntros/Br-Copper.intro.html" rel="nofollow">https://coins.nd.edu/ColCoin/ColCoinIntros/Br-Copper.intro.html</a></p><p><i><br /></i></p><p><i>Near the end of his reign Charles began a process that would free the mint from dependence on imported copper. Hoping to assist the ailing British tin industry as well as obtaining a higher minting profit for himself, Charles began minting tin farthings. The contract (the document is actually called a warrant in Eighteenth century legal terminology) to produce these coins was awarded ... <i>on June 20, 1684. A square plug of copper was added to the center as an anti counterfeiting measure. The tin farthings were produced from 1684 through 1685. James II (1685-1688) started the production of a plugged tin halfpenny in 1685 and continued production through 1687 ... </i>A few tin farthings were minted in 1684 with larger quantities produced in 1685-1687. Tin was a much less expensive metal than copper so that the intrinsic value of these coins was far lower. This yielded higher minting profits for the king, but the low intrinsic value turned public opinion against the coins. ... As tin was cheap and readily assessable, a number of counterfeit halfpence appeared in circulation. James used a bust left for his gold and silver coins but like Charles used the opposite profile on his halfpence and farthings, which displayed a bust right.</i></p><p><i><br /></i></p><p><i><i><i>William and Mary (1688-1694) continued the production of tin halfpence and farthings with copper plugs from 1689-1692 ... <i>By this time there were serious discussions about abandoning the tin coinage. Although minting profits were considerably higher, the effort had not revive the tin industry. Additionally, there was increased public pressure to stop the tin coins due to their low intrinsic value and the number of counterfeits that were appearing. Counterfeits especially hurt the poor in that anyone who unwittingly accepted one might not be able to pass it on and therefore would get stuck with a worthless coin. Further it has been suggested by some modern numismatists that it became apparent tin was a poor metal for coinage as it did not last as long as copper due to corrosion ... </i></i></i></i></p><p><i><i><i><i><br /></i></i></i></i></p><p><i><i>In 1693 the monarchs reinstituted copper farthings and in 1694 produced copper halfpence </i></i><a href="https://www.cointalk.com/threads/game-world-coins-time-machine%E2%80%A6-counting-backward-by-year-plus-prize-coin.298151/page-132#post-2997426" class="internalLink ProxyLink" data-proxy-href="https://www.cointalk.com/threads/game-world-coins-time-machine%E2%80%A6-counting-backward-by-year-plus-prize-coin.298151/page-132#post-2997426">(#2627)</a><i><i> and farthings. An act of April 17, 1694 stopped all production of tin coins and offered to exchange the less valuable tin coins for new copper coins. Within a month, by May 16, 1694, the government had recieved £40,000 in tin coins from this exchange, which was over half of the entire tin production of £65,000.</i></i></p><p><i><i><br /></i></i></p><p>Just 4 years remaining.[/QUOTE]</p><p><br /></p>

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