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<p>[QUOTE=&quot;TheRed, post: 2778813, member: 87080&quot;]Towards the end of Henry VIII&#039;s reign, in about 1545 or so he debased all of the gold and silver coinage.&nbsp; The coins went from 92% silver down to as low as 25% in the early years of Eddie VI&#039;s reign. Henry was fighting wars with while living rather lavishly, and the crown was broke.&nbsp; All of the good silver coinage either went to the melting pot or the continent, while the devalued coinage,&nbsp; which was of poor quality, was all that was circulating.&nbsp; Wikipedia has a nice little article about it title &quot;The Great Debasement.&quot;&nbsp; It&#039;s similar to why Henry IV coinage is scarce well.[/QUOTE]</p><p><br /></p>

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