I am sure we have all dreamt of stumbling across a dusty old stamp collection or long forgotten silver coin secretly worth a small fortune hiding somewhere in the house.
Unfortunately I am yet to stumble across my fortune in the attic, but this dream recently came true for a grandmother from Hull when she found a 1644 Oxford Crown in her late grandfather’s coin collection.
While clearing out her attic she found a shoebox of coins she had inherited from her grandfather decades ago. She initially offered the collection to her children, who rejected what they saw as ‘worthless junk’.
She then considered binning her collection of relics, before making the decision to have the coins valued along with a number of other family heirlooms.
That’s when she discovered that amongst her collection was the incredibly rare 1644 Charles I Oxford Silver Crown. This coin was struck for just one year and is considered by many numismatic experts to be one of the most beautiful British coins ever produced.
Struck in 1644, this crown was minted while the country was in the midst of a Civil War. The coin features a portrait of King Charles I on horseback placed against a fantastic rendition of the City of Oxford which was his headquarters during the English Civil War.
It is no wonder that this coin is so highly valued. It is incredibly rare, the design is one of the most intricate ever struck on a British coin and it marks one of the most significant moments in our nation’s history – the English Civil War.
The historic coin is expected to reach in excess of £100,000 at auction and the owner plans to use the money to help her granddaughter, currently expecting her first child, to fund a house deposit.
I think it’s time for me to have another dig around in the attic!
If you’re interested…
For those not planning on bidding in the auction for this exceptionally rare coin, we have a limited stock of just 36 Silver-plated replicas available of the beautiful 1644 Oxford Crown. Click here to find out more >>>
While I was watching “Civilisations” on the Beeb last week they mentioned how the introduction of the Trade Dollar was the first step in globalisation – this got me thinking, so I made a cup of tea and looked into the history of the Trade Dollar and it truly is a fascinating tale.
Way back in the 16th Century, the first trading currency came to be because of the popularity of the silver Spanish dollar (better known as pieces of eight – yes those!) in China and they created the “Dragon Dollar” or “Silver Dragon” which were not only used in China, but also became the preferred currency for trade with their neighbours.
In the 19th Century, the Chinese were defeated in the First Opium War and forced to open their ports to foreign trade. The British merchants from The East India Company were now able to take advantage of the silk, porcelain spice and tea trade in the Orient.
The Rise of the British Trade Dollar
Now, with so many routes to trade it made sense for each country’s traders to mint their own coins, from their own supplies of silver. BUT these new silver trade coins all had to be minted to the same specification as the famous Spanish Dollar weighing in at approximately 27g and minted in 0.900 silver. The trade dollar was truly born and trading was made easier for the world – hence the movement of goods (and people) became more prevalent and “globalisation” started.
Our British Trade Dollar was first minted from 1895 and designed by George William De Saulles – a British coin with an eastern feel, it was exclusively for use in the Far East. For the first time on a coin, it showed a helmet-wearing Britannia holding a trident and the British shield with a merchant ship in the background.
Although The East India Company had been trading since the early 1600s, the introduction of the British Trade Dollar secured them as the single most powerful economic force of its time – tea, silks, spices and so much more travelling across the world on their ships not only for Britain, but also the rest of the Empire and Commonwealth. Without the original version of this coin we would be waiting for a cup of tea for a very long time!
A 21st Century spin on a 19th Century coin
This year, The East India Company is launching a coin that has been faithfully inspired by the original British Trade Dollar – The East India Company 2018 Trade Dollar 1oz Silver Proof Coin features Britannia surrounded by an oriental pattern. The obverse for the first time, displays the Ian Rank-Broadley effigy of Her Majesty Queen Elizabeth II surrounded by an arabesque cartouche.
A Faithful nod in these modern times to the coin that started it all.
If you’re interested:
You can own the 2018 East India Company 1oz Silver Proof Trade Dollar, but you’ll have to be quick as just 2,500 have been issued worldwide! Click here to secure yours now >>
It is hard to imagine a scandal taking place today where the political leaders of our country are arrested for causing the financial markets to crash. But that is exactly what happened when the ‘South Sea Bubble’ burst.
The ‘South Sea Bubble’ was a political and financial scandal that led to the arrests of leading members of Parliament and the near collapse of the stock market. From this turmoil one of the 18th Century’s most interesting coins was produced. Let me tell you how it happened…
The South Sea Bubble
The South Sea Company at the heart of the scandal was a trading company with a monopoly on trade in South America. The company was heavily linked with the government of the day, and a number of MPs owned large shares in the company.
Because of their shares in the company, members of the government began using phoney insider information to convince investors of the huge potential in South American trade, and therefore the profitability of the South Sea Company.
However, once investors realised that there was insider trading taking place, the company’s share price collapsed causing a catastrophic loss of money and property.
Frantic bankers and members of the gentry who had lost their life savings stormed Parliament and the Riot Act was read to restore order. An enquiry found that more than 500 members of Parliament had been involved in the crash and the Chancellor of the Exchequer was imprisoned.
The South Sea Company Shilling
On the brink of collapse, the South Sea Company luckily stumbled across a horde of silver in Indonesia and sold the precious metal to The Royal Mint.
The silver was minted into coins in 1723 with distinctive ‘SS’ and ‘C’ notations on the reverse. The proceeds from this silver helped enable the South Sea Company to recover from the scandal and ultimately continue operating for another century.
The shillings struck with this silver are now almost 300 years old and are a relic of a financial and political disaster which shook the whole country.
If you’re interested…
Historic silver issues are extremely difficult to source, however we have a small stock of just 50 South Sea Shillings available for collectors. Click here to find out more >>