The guinea was the major coin of the eighteenth century, but during the long war with France the banks began to issue notes in place of coins.
The issuing of bank notes helped Britain to pay for its long war, but it caused inflation and national insecurity and a spate of forgeries took hold. You can view many of the old records of cases brought at the time on The Old Bailey website.
Following the defeat of Napoleon at Waterloo in 1815 the decision was taken to undertake a ‘great reform of the coinage’. Gold was adopted as the ‘sole Standard Measure of Value’ and bank notes were taken out of use. Continue reading →
Although The Royal Mint is enjoying a new focus on bullion, UK bullion coins have hundreds of years of history.
The Royal Mint’s 1,100 year history of producing fine coins make it uniquely placed to offer bullion buyers the security and reassurance that they demand.
The origin of UK bullion, The Gold Sovereign
Quality assured by Act of Parliament, the ﬁrst gold Sovereign was struck in 1489 by order of King Henry VII and took its name from the regal portrait of the Monarch that appeared on its obverse – a tradition that is observed to this day. Continue reading →