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How Much Does a Crease on a Hammered English Gold Coin Affect the Value?
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<p>[QUOTE="johnmilton, post: 4548474, member: 101855"]I probably should explain this sentence for those who don't collect British coins in detail.</p><p><br /></p><p>While I was purchasing a collection of British coins that included at least one coin for each king, for those kings who issued coins, I set groats (4 pence) coins side by side of Henry VI and Edward IV. I surprised and concerned to see that the Edward IV groat was a bit smaller. (28 mm vs. 25 mm) Had I goofed up and bought a counterfeit? I had been warned that neophytes like me could fall prey to such things. After a little research I learned that this was perfectly okay.</p><p><br /></p><p>[ATTACH=full]1125961[/ATTACH]</p><p><br /></p><p><b>Henry VI Groat, left, Edward IV Groat, right</b></p><p><br /></p><p>Edward IV had been forced to reduce the size of the silver and gold coins because the metal prices had increased.</p><p><br /></p><p>At the same time the value of gold nobel was raised to 8 shillings and 4 pence. Edward introduced a new nobel, called the Ryal or "Rose Noble" that wieghed 120 grains with a value of 10 shillings. The merchants wanted a coin that the value of the old noble, which had been 6 shillings and 8 pence. Therefore Edward introduced a new gold coin, the angel, which had the value of the older coin.[/QUOTE]</p><p><br /></p>
[QUOTE="johnmilton, post: 4548474, member: 101855"]I probably should explain this sentence for those who don't collect British coins in detail. While I was purchasing a collection of British coins that included at least one coin for each king, for those kings who issued coins, I set groats (4 pence) coins side by side of Henry VI and Edward IV. I surprised and concerned to see that the Edward IV groat was a bit smaller. (28 mm vs. 25 mm) Had I goofed up and bought a counterfeit? I had been warned that neophytes like me could fall prey to such things. After a little research I learned that this was perfectly okay. [ATTACH=full]1125961[/ATTACH] [B]Henry VI Groat, left, Edward IV Groat, right[/B] Edward IV had been forced to reduce the size of the silver and gold coins because the metal prices had increased. At the same time the value of gold nobel was raised to 8 shillings and 4 pence. Edward introduced a new nobel, called the Ryal or "Rose Noble" that wieghed 120 grains with a value of 10 shillings. The merchants wanted a coin that the value of the old noble, which had been 6 shillings and 8 pence. Therefore Edward introduced a new gold coin, the angel, which had the value of the older coin.[/QUOTE]
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How Much Does a Crease on a Hammered English Gold Coin Affect the Value?
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