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Stephen 1135-1154 AD
Whilst Henry's policy worked in the short term, as the coinage greatly improved, it didn't't stay improved for long and soon went back down the old road. However by 1135 Henry I had died and was not in a position to do much about it. The following decades saw a succession crisis and thus a civil war between King Stephen (a rather charming usurper by all contemporary accounts) and the real heir, his cousin the Empress Matilda (who was rather arrogant and unpopular by all other accounts). Either way the period from 1135-1154 saw a country where the power base moved from one party to another and the moneyors were pretty much free to take advantage as they saw fit. The coinage whilst remaining of good silver did deteriorate further due to poorer working conditions, there was a lack of decent dies as the Royal revenue responsible for such matters were more interested in other things. Thus substandard equipment plagued the moneyors who were also afraid to back either side entirely in case the situation changed. Thus coins with blundered obverse legends and indecipherable mints are common for coins of this period.
By 1154 Stephen had died and Matilda's son Henry II had gained control of England, Stephen's coinage continued to be produced until 1158, with all of the problems it had developed since 1135.
Whilst Henry's policy worked in the short term, as the coinage greatly improved, it didn't't stay improved for long and soon went back down the old road. However by 1135 Henry I had died and was not in a position to do much about it. The following decades saw a succession crisis and thus a civil war between King Stephen (a rather charming usurper by all contemporary accounts) and the real heir, his cousin the Empress Matilda (who was rather arrogant and unpopular by all other accounts). Either way the period from 1135-1154 saw a country where the power base moved from one party to another and the moneyors were pretty much free to take advantage as they saw fit. The coinage whilst remaining of good silver did deteriorate further due to poorer working conditions, there was a lack of decent dies as the Royal revenue responsible for such matters were more interested in other things. Thus substandard equipment plagued the moneyors who were also afraid to back either side entirely in case the situation changed. Thus coins with blundered obverse legends and indecipherable mints are common for coins of this period.
By 1154 Stephen had died and Matilda's son Henry II had gained control of England, Stephen's coinage continued to be produced until 1158, with all of the problems it had developed since 1135.
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