Silver coinage4/19/2023 ![]() Their use may also have been concentrated in certain classes of society, and was probably most associated with particular transactions such as the payment of rents, tributes and legal fees. Written references to minting and money are scarce, and it is likely that even a single silver penny had considerable buying power – perhaps something in the region of £10–£30 in modern currency. It is difficult to ascertain the nature and extent of coin-use in Anglo-Saxon England. Only eight English gold coins with intelligible legends survive from between the 8th century and 1066 there are also some coins that may or may not be of English origin which bear no legend, and specimens of contemporary foreign gold found in England. The form of gold coinage varied in the 8th and 9th centuries, drawing inspiration from Roman, Byzantine, Arabic and Carolingian gold coinages, but by the 10th century gold coins were made simply by striking a gold piece with the same dies as were used for regular minting of silver. These gold pieces were often known as mancuses. The only known examples of larger silver denominations are two 'offering pieces' produced in the reign of Alfred the Great weighing the equivalent of six regular pennies, which were made as alms-pieces, probably to be sent abroad.Īlthough gold ceased to be the predominant form of currency in the 7th century, from the late 8th century onwards there was some use of fine gold coinage for special, high-value transactions. In the early 870s the first round halfpennies were produced under Alfred the Great and Ceolwulf II of Mercia these were produced sporadically and in small quantity until Edgar's reform of the 970s, after which it became common to cut whole pennies into halves and quarters, often at the time of production. Thereafter the currency was more or less based on a single denomination: the silver penny. 1.10 – 1.30g, though a few solidi exist, modelled on Roman coins. In the gold phase of the coinage, the currency consisted overwhelmingly of gold tremisses or thrymsas of c. Pennies of this form were made by English kings from Offa onwards, and also by Viking rulers from the later 9th century. With various modifications in weight (within the range 1.00g – 1.70g) and fineness this format of coinage remained standard for the rest of the period, and indeed silver pennies of similar design remained the basis for the English currency until the 14th century. These new coins carried legends naming the king, moneyer and (later) the mint of origin. 750 – 14 October 1066: the silver coinage of sceattas petered out in Southumbrian England in the middle of the 8th century, to be replaced by a broader, thinner model of silver coinage modelled on that of contemporary Carolingian coinage. In Northumbria, coins of this format continued to be struck under closer royal control until the 860s, though by the early 9th century they contained only a negligible quantity of precious metal. Most sceattas do not bear an inscription and are thus difficult to attribute. These should more correctly be referred to as pennies or denarii as in weight and fineness they approximated the form the English penny was to retain for centuries, and contemporary references suggest this is how they were known. 750 (867 in Northumbria): the age of the sceattas – small, thick silver coins which evolved out of the latest, debased gold coins. By the middle of the 7th century the quantity of gold in these coins was falling quickly, such that by the 670s they were more or less completely silver. From around 620 English gold coins of similar format were produced, often known to numismatists as thrymsas. ![]() 680: the 'gold' phase of currency, which began with an increase in the rate of importation of continental gold, principally in the form of tremisses. A small number of coins continued to be brought in from Gaul and elsewhere on the Continent. 550: a very low level of coin-use in Britain, characterised by re-use of Roman coinage, though often in a non-monetary context. It can be divided into four basic phases: The history of Anglo-Saxon coinage spans more than five centuries, from the end of Roman rule in Britain in the 5th century, down to the death of Harold Godwinson at the Battle of Hastings on 14 October 1066. Coins of this format remained the foundation of the English currency until the 14th century. Broader, thinner pennies inscribed with the name of the king were introduced to Southern England in the middle of the 8th century. The history of the English penny can be traced back to the Anglo-Saxon kingdoms of the 7th century: to the small, thick silver coins known to contemporaries as pæningas or denarii, though now often referred to as sceattas by numismatists. ![]()
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