It’s not often that you see a complete set of historic stamps with such monumental importance. And it’s even rarer for those stamps to be alongside a complete set of coins of the same year, in this case 1953.
But the Queen Elizabeth II Complete Coronation Stamp and Coin Collection has both of these highly collectable items, and it has a tiny edition limit of 495!
So, join Adam as he takes a closer look at what is surely the perfect collector’s tribute to Queen Elizabeth II.
If you’re interested…
In 1971 the UK switched to a decimal currency, leaving the old £sd (pounds, shillings and pence) behind and introducing the decimalised coins we know today. You might even remember decimal day yourself, or using conversion charts and rhymes to learn the new currency. And if you’re like me, then you’ll probably remember the excitement of seeing the new coins in your change.
But decimalisation actually started under Queen Victoria, when two new decimal denominations were introduced. These were coins that were blamed for sickness, famine, and the unemployment of barmaids. In fact, they were so controversial that decimalisation had to be delayed for over a century!
The Godless Florin
The florin first appeared in 1849 with a value of 1/10th of a pound, or 24 pence. It was rumoured to have borrowed its name from a similar shaped coin from the Netherlands and was issued as a test to help the public warm to decimalised currency. However, its introduction didn’t go as well as hoped.
The Gothic Head portrait of Victoria was used on the first florins that were issued, and it featured the monarch wearing a crown for the first time in over 200 years. Another unusual design change was the exclusion of the abbreviation “D.G”, meaning “by the grace of God”. In a society where religion was important, the coin was thought to have angered God, so it became known as the ‘Godless Florin’ and was reportedly blamed for Cholera outbreaks and famine at the time.
The Godless Florin was quickly withdrawn from circulation in 1851 and was replaced by a Gothic florin, which had the same design, but included the “D.G” inscription in an attempt to appease the public.
The Barmaid’s Ruin
Attempt number two at decimalisation came in the form of a double florin, equivalent to 1/5th of a pound. It was introduced in 1887 and featured the new Jubilee Head portrait of Queen Victoria, but it was withdrawn by the end of 1890 making it one of the shortest circulating denominations in British history.
One of the features that makes the double florin stand out in history is that it was almost indistinguishable from the crown coin. Neither carried the denomination and the only difference between the two, apart from the value, was that the double florin was 2mm smaller – not something that was easy to spot by eye.
This meant that the coins were easily confused, and the story goes that crafty patrons would trick barmaids into accepting the double florin as a crown. The double florin then became known as the ‘barmaid’s ruin’, because this act resulted in barmaids losing their jobs.
The first attempts at decimalisation happened over 170 years ago, and although the double florin was withdrawn from circulation after just four mint years , the florin was much more successful, surviving until 1993 before it was demonetised. It circulated alongside the 10p coin, which was introduced in 1968 to try and help the public warm to decimalisation – this time it was finally successful!
The Victorians experienced monumental changes in culture, industry, technology, and empire in their time, but it seems they just weren’t ready for the change of their currency.
If you’re interested…
Own a piece of history with the ‘Barmaid’s ruin’, the coin that caused barmaid’s to lose their jobs. Click here to order it today>>>