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<p>[QUOTE=&quot;Prestoninanus, post: 761444, member: 20205&quot;]Thanks Catbert.</p><p><br /></p><p>In answer to an earlier question; In 1816-17, following the conclusion of the Napoleonic Wars, there was a significant coinage act which resolved Britain&#039;s coin shortage. The coinage was put strictly on the gold standard and the government abandoned all attempts to make the coinage have the same face value as its intrinsic worth. From then on until the end of World War One, only Gold coins would have the same face value as it&#039;s intrinsic worth, and all other issues were token coinage. </p><p>&nbsp;Given the inevitable fluctuation of prices, it&#039;s difficult to believe it took them this long to abandon multi-metalism (The old copper cartwheel issues were intended to have the same intrinsic worth of copper as their face value)..[/QUOTE]</p><p><br /></p>

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