The development of English Coins

by admin on August 11, 2009

English coins have evolved  over the years.  In the early 1600's, coins were made by the hammer struck system.  Hammered coins or cast coins were the primary way coins were made and thus limited the number of coins that could be placed into circulation.  Hammered coins were made as far back as the 1st millennium BC and continued in use until the 1500 to the 1700's.  English coins underwent a change in approximately 1663.

Hammered English coins were made using a blank quantity of metal that was the desired weight placed   between two die.  A die is a mold or template that allows the metal to be cut to a certain size and shape.  The metal die contained an image that when hammered directly would mold the image on both sides of the coin.  The unit was sometimes placed on a log or other secure surface which was known as a pile.  One person held the die while a second person struck it.

There were many issues with this type of coin minting.  For one thing, it was extremely slow work.  Comparatively, few coins could be made and placed into circulation.  A 2nd problem was that hammered coins had many irregularities.  When several coins were placed together in a container and shaken about they got damaged as well .  That is why older English coins might have chips and coarse edges.

Silver coins also show evidence of clipping.  Silver was a valuable metal in those times and folk who were less than honest would took small slivers of the early English silver coins.  The coins have been clipped.

In the 17th century hammered coins were replaced with milled coins.  While France was the first country to start manufacturing coins that were made completely by machine, England wasn't far behind.  England, in fact, began to manufacture coins on a trial foundation in the mid 1500s, but it wasn't till the end of 1662 that English coins were made completely by machine.

The screw press was the first machine to produce coins as an alternative to hammered coins.  Leonardo da Vinci was the person who invented the screw press in the 15th century.  It was powered by a water mill.  Early on efforts were made to diminish the affairs of the clip artist by edging.  You will see that manufactured English coins have milled edges.

Milled English coins were much more uniform in size and shape as well .  The rate at which milled coins might be created allowed the coin circulation to grow and a larger number of coin denominations to be developed.

English coins were used in this nation during the colonial period.  Hammered coins were created and used up through the end of the 18th century and were scattered throughout the colonies.  English coins went through several changes as can be seen in old coins that have been made in the U.S.  Over time.


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