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British Sterling Currency - Numismatics,
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George IV 1820 - 1833 AD  The Copper penny

As can be seen from the minting dates given above, there was a great shortage of government-issued small change in George III's reign. The situation was so bad that a great many merchants and mining companies issued their own copper tokens e.g. the Parys Mining Company on Anglesey issued huge numbers of tokens, although their acceptability was strictly limited. In 1797 Matthew Boulton  was authorised by the government to strike copper pennies and twopences at his Soho Mint , in Birmingham ; the time was not yet right for a token coinage, so they actually had to contain one or two pence worth of copper, i.e. they weighed one and two ounces each (penny - 28.3 grams, diameter 36 millimetres). The large size of the coins, combined with the thick rim where the inscription was incuse i.e. punched into the metal rather than standing proud of it, led to the coins being nicknamed Cartwheels. (If this sounds unwieldy, compare it to the Swedish 8 Daler  plate money piece of the mid-17th century, which contained 35 kilograms of copper! Unsurprisingly, Sweden became the first European country to issue paper money, in 1661). The obverse of the Cartwheel coinage is a rather fine laureated right-facing bust of George III, with the inscription GEORGIUS III D G REX, while the reverse showed the seated Britannia , facing left, holding an olive branch and trident with the inscription BRITANNIA 1797 - although it appears that coins were minted for several years, but all with the 1797 date.

In 1806 and 1807, another 150 tons of copper was coined into pennies at the Soho Mint, although this time the money was a token coinage with each penny only containing 18.9 grams of copper and being 34 millimetres in diameter. These were more conventionally-designed coins, with a right facing bust of the king and ordinary inscription GEORGIUS III D G REX date, and the obverse showing the seated Britannia facing left, with olive branch and trident and the inscription BRITANNIA. There is one unique penny coin known which is dated 1808, but this is thought to have been a proof.

At the beginning of the Great Recoinage of 1816 only silver coins were produced. The copper penny was only minted in three years, 1825-7, and the minting of copper coins in 1825 was only authorised on 14 November of that year. The entire mintage consignment of 1827 pennies was allocated for despatch to Australia for the prison camps (Botany Bay Penal Colony). The shipment of coins (they were held in wooden crates) became badly corroded by salt water with literally only a handful surviving undamaged. Most suffered from corrosion and verdigris. It is because of this that the 1827 copper penny is extremely rare in mint state with only 2 known worldwide and yet nearly 1.5 million were struck
.
The obverse of George IV's penny shows a rather fine left-facing laureated head engraved by William Wyon  after the king expressed a dislike for the one engraved by Benedetto Pistrucci which was used on the farthing, inscribed GEORGIUS IV DEI GRATIA date, while the reverse shows a right-facing seated Britannia with a shield and trident, inscribed BRITANNIAR REX FID DEF. The penny at this time weighed 18.8 grams and had a diameter of 34 millimetres.

The pennies of King William IV  (1830-1837) are very similar to his predecessors', also being engraved by William Wyon. The king's head faces right, inscribed GULIELMUS IIII DEI GRATIA date, while the reverse is identical to the George IV penny. Pennies were minted in 1831, 1834, and 1837 (there is a report of a single example dated 1836, but this is regarded as semi-mythical). The small mintages of William's pennies makes finding a nice one very difficult.

Obverse:
The obverse features a Laureate Head bust of George IV, facing left.
Reverse:
The reverse features Britannia, seated left, holding a trident.
The legend reads:-
BRITANNIAR REX FID DEF
Royal Monarchy
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