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<p>[QUOTE=&quot;sylvester, post: 80826, member: 708&quot;]The Bank of England was formed in 1694.</p><p><br /></p><p>Hammered silver was demonetised in 1696. Hammered gold in 1732/3.</p><p><br /></p><p>The silver in coins at that time problably would be tested because before Elizabeth there had been alot of debasement going on. If Henry VIII and Edward VI can issue debased coins hoping no one&#039;s going to notice then what&#039;s to stop Elizabeth?</p><p><br /></p><p>Some debased Edward VI shillings were re-valued (or rather devalued) by being counterstamped, this was the step to restoring sterling coinage. I guess in the 1560s people were still remembering the bad days of the 1540s.[/QUOTE]</p><p><br /></p>

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