My Shopping Cart -0 ITEM

Englands Striking History

The year 959 Aedgar won the title King of All England where he tightened his grip on the nations finances. On the Continent most Monarchs granted the right to mint money to many subordinate lords and bishops. Aedgar took a different view, insisting that he alone had the absolute right to issue coins. He opened dozens of mints around his kingdom where standardized silver pennies with his portrait on the obverse and the mint masters name and town on the reverse were struck in huge numbers.The coin was valued by it's weight and in the event the recious metal content was less the King would know who the mint master was and where to find him.


Roman Silver Coins

Unlike most modern coins, Roman coins had  significant intrinsic value. However, while the gold and silver issues contained precious metals, the value of a coin was slightly higher than its precious metal content, so they were not, strictly speaking, bullion. Also, over the course of time the purity and weight of the silver coins were reduced.The coinage system that existed in Egypt until the time of Diocletian's monetary reform was a closed system based upon the heavily debased tetradrachm. Although the value of these tetradrachmas can be reckoned as being equivalent in value to the denarius, their precious metal content was always much lower. Clearly, not all coins that circulated contained precious metals, as the value of these coins was too great to be convenient for everyday purchases.