History of the English penny (1154–1485)

This is the history of the English penny from the years 1154 to 1485.

The Plantagenets (1154–1485)

King Henry II ascended the throne in 1154 as the first of the Plantagenet dynasty. For the first few years of his reign the coins of King Stephen continued to be produced, but in order to restore public confidence in the currency a new standard was introduced, known as the Tealby penny after a hoard of such coins which was found at Tealby, Lincolnshire in 1807. A total of 30 mints were employed in the initial recoinage (the mint at Ipswich was not active during the early stages - but was extremely productive from class 'B' until the end of the series). The mints in operation at the beginning of the recoinage were— Bedford, Bristol, Bury St Edmunds, Canterbury, Carlisle, Chester, Colchester, Durham, Exeter, Gloucester, Hereford, Ilchester, Launceston, Leicester, Lincoln, London, Newcastle, Northampton, Norwich, Oxford, Pembroke, Salisbury, Shrewsbury, Stafford, Thetford, Wallingford, Wilton, Winchester, and York — but once the recoinage was completed only 12 mints were allowed to remain active. This marks the beginning of the gradual decline in the number of mints used to strike English coins.

Coin

A coin is a piece of hard material used primarily as a medium of exchange or legal tender. They are standardized in weight, and produced in large quantities at a mint in order to facilitate trade. They are most often issued by a government.

Coins are usually metal or alloy, or sometimes made of synthetic materials. They are usually disc shaped. Coins made of valuable metal are stored in large quantities as bullion coins. Other coins are used as money in everyday transactions, circulating alongside banknotes. Usually the highest value coin in circulation (i.e. excluding bullion coins) is worth less than the lowest-value note. In the last hundred years, the face value of circulation coins has occasionally been lower than the value of the metal they contain, for example due to inflation. If the difference becomes significant, the issuing authority may decide to withdraw these coins from circulation, or the public may decide to melt the coins down or hoard them (see Gresham's law).

Exceptions to the rule of face value being higher than content value also occur for some bullion coins made of silver or gold (and, rarely, other metals, such as platinum or palladium), intended for collectors or investors in precious metals. Examples of modern gold collector/investor coins include the British sovereign minted by the United Kingdom, the American Gold Eagle minted by the United States, the Canadian Gold Maple Leaf minted by Canada, and the Krugerrand, minted by South Africa. While the Eagle, Maple Leaf, and Sovereign coins have nominal (purely symbolic) face values; the Krugerrand does not.

Coin (department store)

Coin ([koˈiŋ], after the venetian for cohen) is an Italian upmarket department store chain dedicated to the worlds of apparel, home decorations, accessories and beauty. Its headquarters are located in Venezia Mestre.

History

It was established in 1926 in Mirano (Venice), where the first store was opened. In 1962 it opened its flagship store in Milan at Piazza 5 Giornate. Coin was the first retailer to develop a fidelity card program in Italy in 1986.

Coin Group

The Coin Group owns OVS (midmarket apparel department stores) and, since January 2010, UPIM, a midmarket apparel, home and beauty department stores chain previously part of La Rinascente Group.

References

Coin (disambiguation)

A coin is a piece of hard material used as money.

Coin or Coins may also refer to:

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