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<p>[QUOTE=&quot;johnmilton, post: 7876429, member: 101855&quot;]Here are the paragraphs from my notebook:</p><p><br /></p><p>England’s first gold coin since the Norman Conquest was this Henry III gold penny. It was valued at 20 pence and was issued to facilitate the payment of Henry’s debts that resulted from his foreign wars, specifically Sicily. Following the lead of some Italian states, Henry had his gold minted into pennies. Records show that Henry paid 37,280 gold pennies in 1257 and another 15,200 in 1258. Today only six to eight of these coins are known.</p><p><br /></p><p>These coins were not popular with London merchants. Average citizens could not use them because they were worth too much. There were fears that their general usage would depress the value of gold, and it was thought that their melt value exceeded their face value. At the time the ratio between silver and gold was only 10 : 1.</p><p><br /></p><p>I believe I got this photo from the Heritage site.</p><p><br /></p><p>[ATTACH=full]1357676[/ATTACH] </p><p><br /></p><p>Here is my only whole Henry III coin, a penny. </p><p><br /></p><p>[ATTACH=full]1357677[/ATTACH] </p><p><br /></p><p>And I have this one, which has been turned into a half penny. </p><p><br /></p><p>[ATTACH=full]1357678[/ATTACH][/QUOTE]</p><p><br /></p>

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