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17th century Gold coins found under Irish pub floor
It was definitely a case of the luck of the Irish after builders recently discovered one of the country’s biggest ever hoards of gold coins buried beneath the floorboards of a County Tipperary pub.
Eighty-one gold coins, mainly from the 17th century, were found concealed by soil by one of the workmen carrying out groundworks at Cooney’s pub in Carrick-on-Suir, one of the oldest pubs in the county until it was destroyed by fire.
Builders get more than they bargained for – one of Ireland’s biggest finds of historic gold coins
All that glitters
Most coins were, surprisingly, in excellent condition considering they date back to the reign of Charles II, James II and William and Mary. It’s thought the hoard is largely made up of guineas and half guineas, British gold coins struck by The Royal Mint between 1663 and 1814 using gold from West Africa – which is where the name ‘guinea’ came from.
Biggest find in over fifty years
Research is currently underway to identify where the gold coins might have come from. Some experts believe they may have once belonged to a wealthy merchant as the town was a thriving trading centre in the 17th century. Others have different theories.
One thing they do agree on is that the discovery is the most exciting archeological find in Ireland’s history since 1947 when a collection of over 100 gold coins plus a number of silver coins was discovered in CountyLaois.
At the time of writing, it’s not known whether the workmen received any sort of reward but it’s got to be a worth a free pint at the very least!
Interested in historic coins?
The gold coins are currently on display at the National Museum of Ireland. A selection of historic coins from The Westminster Collection can be found here.
Will our Penny be next?
Last week Canada became the latest country to bid farewell to its penny or 1 cent coin. Australia, Brazil and Sweden have already ditched theirs – the question is will the UK be next?
With over 11 billion in circulation according to latest Royal Mint figures, the humble penny accounts for nearly 40% of all Britain’s circulating coins. It is in fact our most common coin but when it costs more than a penny to make a penny, surely its days must be numbered?
Facing an uncertain future – Britain’s most common coin
Opinion is divided
Those in favour of getting rid of it say you can’t buy anything for a penny these days. True – the penny chews of my youth have now gone from our sweet shops. You can’t even ‘spend a penny’ anymore (that’ll cost you as much as 30p for the privilege). Put simply, 1p coins have no other function but to weigh down our purses and pockets.
But, in these tough times, every penny counts. Those against the move say there are plenty of people that still need the 1p and other small denomination coins. How many of us pop our loose change in charity collecting boxes when we’re out and about? They may be small amounts but they all add up.
A future collector’s item?
So it is probably fair to say that keeping hold of your old pennies is unlikely to make you rich. However, when they do finally disappear from our change (as is almost certain at some point), they are certain to remain an important part of Britain’s numismatic heritage for centuries to come.
Penny for them
Ultimately the “Master of the Mint” Chancellor George Osborne will make the final decision but what are your thoughts – should the penny stay or go?
News from the World Money Fair – sell outs, baby coins, nano technology and much, much more…
9.00am. Friday 1 February 2013. Over 500 people are queuing in the lobby area of Berlin’s Hotel Estrel. All keen to be among the very first collectors to gain entry to the World Money Fair in search of a collector’s bargain, long sought-after coin or a glimpse at the latest issues from the world’s leading national mints.
There is no coin show quite like the World Fair of Money. That is why each year our team of buyers attend, meeting the Mint Masters and Sales Directors of the leading mints, like the Royal Mint, Royal Canadian Mint and the Royal Australian Mint as well as some of the most well-connected secondary market coin dealers.
Here are a few of the highlights from this year’s show that I can share with you.
Royal Mint at the World Money Fair
The Royal Canadian Mint will be issuing more $20 silver coins during 2013, continuing its trend as the world’s most popular silver coin. However, I also heard mention of something that I am pretty sure this could create even more of a storm than the $20 coins. I’m afraid I can’t say more until later this year!
I would also suggest that you look out for some very exciting and collectable issues to celebrate the 25th Anniversary of the Silver Maple.
I was excited to hear the Coronation Anniversary coins are also in the pipeline for Australia and New Zealand, which will prove historic issues with some serious collector demand.
New Zealand were also able to share with us the immense popularity of their Hobbit coins – guaranteeing that they will remain a collector favourite over the next 2 years of films.
Exciting Innovation
Elsewhere, continued innovation excited. Perhaps my favourite was the ability to in-bed a nano chip into a coin, containing detailed information, visible only under a microscope. There is already talk of how to use such technology to include the works of Shakespeare in a nano chip on a coin to commemorate the 450th anniversary of Shakespeare’s birth in 2014.
Looking further ahead…
With almost 80% of you wanting a coin for a royal baby, there is some encouraging news. A number of the major national mints are having discussions with the Palace about issuing a coin with the Duke & Duchess of Cambridge’s baby this summer.
Looking further forward, I spent a considerable amount of time discussing plans to commemorate the centenary of the outbreak of World War I. I think it is safe to say that this will be the major collecting theme of 2014 and beyond with coins expected from the UK, Australia, New Zealand, Canada and even many of the occupied countries.
We look forward to being able to tell you more about these and many more important issues over the coming months.