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<p>[QUOTE=&quot;sylvester, post: 81079, member: 708&quot;]Henry VIII was known as coppernose. He had debased the currency to the point where they were basically copper coins with a silver wash. His nose was the highest part of the obverse relief. So you can guess what happened.</p><p><br /></p><p><br /></p><p>Notoriously Henry VIII was the only monarch in England to have endorsed such a program of debasement. All other monarchs had gone down the other road of reducing the size of the coin but retaining the purer silver quality which gave English coinage the edge over most of the continental stuff.</p><p><br /></p><p>Henry&#039;s motives were different to most other kings though, rather than it being a reaction to bullion shortage or inflation, Henry did it for greed and war finance.</p><p><br /></p><p>Henry&#039;s children and their advisers then had to try and sort out the mess Henry had left them, in more ways than just currency. Henry VIII was one of England&#039;s most useless kings.[/QUOTE]</p><p><br /></p>

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