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<p>[QUOTE=&quot;scottishmoney, post: 2636502, member: 12789&quot;]Indeed, jolly olde Hal was oft referred to as &quot;Olde Coppernose&quot; for a good reason.&nbsp; The debasements continued into the reign of Edward VI, and only near the end of his reign did they cease.&nbsp; Queen Mary didn&#039;t reign long enough(she was too busy pining over Phillip III of Spain).</p><p><br /></p><p>Queen Elizabeth was the one with Thomas Gresham of &quot;bad money drives out good&quot; fame.&nbsp; Her reign saw a whole new approach to coinage with much greater quantities issued and sound assaying to insure good coin.&nbsp; Gold also became much more plentiful.&nbsp; QE&#039;s coinage served long and hard, only disappearing with the great re-coinage into milled coins in the 1690s.</p><p><br /></p><p>Unfortunately up in Scotland the debasements began in the 14th century and were pretty well established as a fact of life.&nbsp; They reached their apex during the reigns of Queen Mary(1542-1567) and her son James VI(1567-1625) - whole recoinages and recalls were the accepted norm.&nbsp; Counterfeit, particularly of billon coinage was quite common -&nbsp; a practice the French soldiers in Edinburgh in the 1550s took up as a profession.[/QUOTE]</p><p><br /></p>

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