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16 Dec 2021

King George III of England 1807 coin

Coins-World | AC coin$

The British King who lost the American Colonies.


Regardless of the King's background and life, this coin is very attractive for collectors everywhere.

It is an interesting masterpiece.***


The Britishpre-decimal penny coin, abbreviated as1d(from "denarius" - the Roman coin from which the penny is directly descended), was a unit of currency that equalled one two-hundred-and-fortieth of a pound sterling (there were 20 shillings to a pound, and 12 pence to a shilling so one pound was equal to 240 pence).

The denomination continues the tradition of earlier penny coins ofGreat Britain, which also featured thefigure of Britannia. In 1801 the parliaments ofGreat Britainand theKingdom of Irelandeach passed an Act of Union, uniting the two kingdoms and creating theUnited Kingdom of Great Britain and Ireland. Re-coinage followed in 1806 and these coins are part of it; they are known as the"Fourth Issue" copper coinageofKing George III, the first three coinages being while the country was still just Great Britain. It is also known as the "Second Soho design" (the first being the Cartwheel Penny of 1797).

Between 1770 and the end of the century the practice of counterfeiting had become so prevalent in England that scarcely any genuine British copper coins remained in circulation. The 1770-1775 issue was melted in huge quantities and made into lightweight counterfeit coins; the only other pieces in circulation were the merchants' tokens issued by private firms for their own convenience.

It was during this period thatMatthew Boultonoffered a solution to the problem by proposing that (1) each coin should contain its intrinsic value of metal, (2) a retaining collar should be used to maintain a constant diameter and (3) a broad raised rim should be used to save the coin from undue wear. He further proposed that a steam powered coinage press be used to produce a more uniformly finished coin with a greater rate of output. A total of £310,885 worth of pennies were coined by Boulton at theSoho Mintin the years 1799, 1806 and 1807; a unique piece dated 1808 is also known. The dies were produced byConrad Heinrich Küchler, a talented Flemish die cutter. The faces of these coins are slightly concave to protect the design from wear and prevent counterfeiting. The design is identical to that of thehalf pennyandfarthingcoins minted in the same years; the difference is only in size. Typically for British coinage of the time,the denomination (or, indeed, the country of issue) is not spelled out on the coin.

This format of the denomination was short-lived. After 1807, no penny coins were issued until 1825 (except for another short-livedpenny experiment with a circulating silver format), when asmaller versionwas introduced, with a different design and traditional flat surfaces. All these pennies were minted in copper, but after 1860 the denomination changed tobronze with an even smaller size; all British copper coinage wasdemonetised after 31 December 1869.


GEORGE III

George III was born on 4 June 1738 in London, the eldest son of Frederick, Prince of Wales, and Princess Augusta of Saxe-Gotha.

He became heir to the throne on the death of his father in 1751, succeeding his grandfather, George II, in 1760. He was the third Hanoverian monarch and the first one to be born in England and to use English as his first language.

George III is widely remembered for two things: losing the American colonies and going mad. This is far from the whole truth.

George's direct responsibility for the loss of the colonies is not great. He opposed their bid for independence to the end, but he did not develop the policies,such as the Stamp Act of 1765 and the Townshend duties of 1767 on tea, paper and other products,which led to war in 1775-76 and which had the support of Parliament.

These policies were largely due to the financial burdens of garrisoning and administering the vast expansion of territory brought under the British Crown in America, the costs of a series of wars with France and Spain in North America, and the loans given to the East India Company (then responsible for administering India).

By the 1770s, and at a time when there was no income tax, the national debt required an annual revenue of £4 million to service it.

The declaration of American independence on 4 July 1776, the end of the war with the surrender by British forces in 1782, and the defeat which the loss of the American colonies represented, could have threatened the Hanoverian throne.

Sources: coincommunities.com, royalhouse.org

From the bottom of my heart, Please do me a favor,,,, If you are here, push the follow me button by my username. For further details about this coins and others please visit my collections section. Thanks,


AC Coin$.

Comments

Kepi

Level 6

Nice! Thank you! ; )

Long Beard

Level 5

The prestigious London Royal Mint has been the envy of the world for centuries. Great topic!

CheerioCoins

Level 5

Nice coin! Thanks for the info.

Golfer

Level 5

Nice history. Thanks for the information. Nice coin.

I. R. Bama

Level 5

I have two George III coins so badly worn it took awhile to figure out what it was!

Mike

Level 7

Thanks.

Longstrider

Level 6

Thanks.

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