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<p>[QUOTE=&quot;daveydempsey, post: 2197099, member: 29458&quot;]<font size="4"><b>The Eighteen Pence Bank Token</b></font></p><p>In the later part of the reign of <b>George III</b> the price of silver was high and there was an acute shortage of silver coins available for circulation.</p><p><br /></p><p>The Bank of England took steps to remedy this situation by issuing tokens of value three shillings and eighteenpence during 1811, and for the following years up until 1816. The <a href="http://www.coins-of-the-uk.co.uk/pics/g3/18d/18d11.jpg" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.coins-of-the-uk.co.uk/pics/g3/18d/18d11.jpg" rel="nofollow">initial design</a> showed a draped bust of the king in Roman armour, but was changed in 1812 to a design with a laureated head and truncated neck. Changes were made in the reverse also.</p><p><br /></p><p>A ninepence token was prepared, but did not progress beyond the pattern stage.</p><p><br /></p><p>During the 1816 the Great Recoinage took place, and after 1820 the Bank Tokens were only accepted as bullion.</p><p><br /></p><p>None of the regular issues are uncommon, although there are some scarce proofs.</p><p><br /></p><p>From </p><p><font size="5"><b>(&#039;Coins of the UK&#039;)</b></font></p><p><font size="5"><b>by Tony Clayton</b></font>[/QUOTE]</p><p><br /></p>

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