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Queen Anne Maundy Threepence 1706 or 1708 Opinions.
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<p>[QUOTE="dougsmit, post: 1120107, member: 19463"]I'm not sure when the king stopped washing feet but in 1699 William III skipped the ceremony and sent a high ranking minister to take care of it. This started a practice that continued for quite a while until 1932 when George V started attending the ceremony in person (but without foot washing, I believe). </p><p> </p><p>We should remember that a few pence was a decent amount of money when this started and the later special coins issued in numbers smaller than than the numismatic demand was a good deal for the poor recipients. I always wondered how many of these special coins were retained as keepsakes by the families that received them. I imaging most were sold quickly. </p><p> </p><p>Just an opinion: I have absolutely no use for non-circulating legal tender sold to collectors at above face value. I always considered Maundy coins a special case because the profit went to the poor rather than to the government. I wonder what would happen today if, for example, the US government would give every welfare recipient, senior on Social Security or discharged soldier a special quarter designed for the purpose and not available any way other than by getting one from the recipient. The cost to the government would be minor and could be deducted from the check due that person but the recipient might sell it for enough to make a difference. If a genuine, legal tender quarter were limited to a 100,000 copies and not made for regular circulation, how much would people pay to get one? Continue that theory and imagine a coin issued to Purple Heart recipients or any other limited number of people to whom the government owed thanks. Would collectors buy them for thousands over face or would the coins all end up in vending machines?[/QUOTE]</p><p><br /></p>
[QUOTE="dougsmit, post: 1120107, member: 19463"]I'm not sure when the king stopped washing feet but in 1699 William III skipped the ceremony and sent a high ranking minister to take care of it. This started a practice that continued for quite a while until 1932 when George V started attending the ceremony in person (but without foot washing, I believe). We should remember that a few pence was a decent amount of money when this started and the later special coins issued in numbers smaller than than the numismatic demand was a good deal for the poor recipients. I always wondered how many of these special coins were retained as keepsakes by the families that received them. I imaging most were sold quickly. Just an opinion: I have absolutely no use for non-circulating legal tender sold to collectors at above face value. I always considered Maundy coins a special case because the profit went to the poor rather than to the government. I wonder what would happen today if, for example, the US government would give every welfare recipient, senior on Social Security or discharged soldier a special quarter designed for the purpose and not available any way other than by getting one from the recipient. The cost to the government would be minor and could be deducted from the check due that person but the recipient might sell it for enough to make a difference. If a genuine, legal tender quarter were limited to a 100,000 copies and not made for regular circulation, how much would people pay to get one? Continue that theory and imagine a coin issued to Purple Heart recipients or any other limited number of people to whom the government owed thanks. Would collectors buy them for thousands over face or would the coins all end up in vending machines?[/QUOTE]
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