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Questions About Putting Together A Monarchy Type Set

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TomSwift's Avatar
China
171 Posts
 Posted 11/07/2015  12:09 am Show Profile   Bookmark this topic Add TomSwift to your friends list Get a Link to this Message Number of Subscribers
I have often thought of putting together a set of one coin from each monarch. One coin of Elizabeth II, one of George III, etc. Before I start this, I was wondering a few things.

1. What is the best denomination to collect? What I mean is a combination of price and availability. I would assume that a penny would be the most long-lived of the bunch and probably the least expensive. Am I wrong?

2. Where would this collection reasonably stop? I could probably go back a few hundred years quite easily but where does it get expensive? What reign?

I always thought this would be a popular collection area but searching online never really brought up anything worthwhile. To be fair though, it has been a while since I searched this topic.
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flippy's Avatar
Australia
1874 Posts
 Posted 11/07/2015  12:46 am  Show Profile   Bookmark this reply Add flippy to your friends list Get a Link to this Reply
I personally prefer to collect the shilling because it is large enough to see enough detail but not too expensive in comparison to the crown. The main issue with the shilling is that it was first minted in about 1549 under Edward VI, unless you count the testoons of Henry VII & VIII. The sixpence is also another good example. Yes the penny is the longest-living coin, dating back to before William the conqueror, 1066. They are very small though and the details can be rather 'mushy'

What is your budget per coin? You could easily get back to William III, 1690s for under $100 USD per coin. The William & Mary , James II and Charles II are a bit more expensive, $100-$250 USD per coin. The price for a Cromwell is in the high hundreds to low thousands, but it could be omitted because he wasn't actually a king. The Charles I, James I and Elizabeth I can be had for under $100 USD. That would take you back to around 1560.
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TomSwift's Avatar
China
171 Posts
 Posted 11/07/2015  02:22 am  Show Profile   Bookmark this reply Add TomSwift to your friends list Get a Link to this Reply
When does this get crazy expensive? I imagine getting into the 13th century and below starts to become harder and harder. Can you go all the way back to Harold I?
Edited by TomSwift
11/07/2015 02:23 am
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flippy's Avatar
Australia
1874 Posts
 Posted 11/07/2015  03:11 am  Show Profile   Bookmark this reply Add flippy to your friends list Get a Link to this Reply
I personally dont know much past Henry VII because that is when the shillings/testoons stop but from what I remember William the Conqueror and maybe Harold I can be had for somewhere between a few hundred to a few thousand.

I guess if a thousand isn't too much for you then I would recommend buying crowns. Some of the nicer ones from the mid 16th and 17th centenary can be bought for a few thousand in great condition.

Each denomination has their own true rarities. The Henry VII Testoons can be 10s of thousands and a Cromwell sixpence for example is so rare there is no price listed in the catalogue. Then there is the gold. Some of the tipple unites can be worth nearly as much as a hundred thousand dollars if not more.

I dont think there is a time that at which all the coins are expensive, there are always the more 'desirable' denominations which are more expensive and the less 'desirable' ones which are less expensive.
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TomSwift's Avatar
China
171 Posts
 Posted 11/07/2015  06:17 am  Show Profile   Bookmark this reply Add TomSwift to your friends list Get a Link to this Reply
Les desirable is for me. I might not worry too much about keeping them the same type of coin but might just look for nice examples regardless. It's comforting to know I can go back in time without going broke.

Any suggestions on honest dealers of British coins?
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flippy's Avatar
Australia
1874 Posts
 Posted 11/07/2015  06:31 am  Show Profile   Bookmark this reply Add flippy to your friends list Get a Link to this Reply
I have dealt with Chris Kellow from Glenley Coins and Lloyd Bennett from Coins of Britain. Though most of my coins have been from ebay and private sellers.
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Tom Goodheart's Avatar
United Kingdom
856 Posts
 Posted 11/07/2015  11:38 am  Show Profile   Bookmark this reply Add Tom Goodheart to your friends list Get a Link to this Reply
'British' coins can be found right back to the Celts (150BC and on). Though perhaps Alfred and his predecessors (late 800s AD) can be considered to be the first Kings of the land that later became England. In terms of a 'United Kingdom' then Anne is the first real ruler following the Union of England and Scotland in 1707. So you have a lot of choice as to when you decide your collection will start.

As to denominations, I have a contact who collects examples from each reign, all different metals, different designers, denominations etc .. Basically there aren't any rules about coin collection. You have to decide for yourself!

You may find you like a particular value of coin (I too like shillings) but you don't have to stick with one.

As for cost, well, everyone has their own budgets. Some coins will stretch that, others can be had for less. the key thing is to buy coins in the best condition you can afford. You can get plenty of advice about grading on forums like this. Though remember, if you are collecting British coins it's best to learn British grading standards as they vary internationally.

Starting with some more modern coins you can learn about grading without spending a fortune. Though if you venture back before the mid-1600s to hand made (hammered) coins you will need to learn to assess them differently from the later machine made ones!

Slabs? Most UK collectors don't seem that keen and the majority of collectors I know collect 'raw' coins or break open slabs if that's what the coin comes in.

Most of all? Have fun and don't be afraid to ask questions!

.
Edited by Tom Goodheart
11/07/2015 11:41 am
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DavidUK's Avatar
United Kingdom
2624 Posts
 Posted 11/07/2015  1:45 pm  Show Profile   Bookmark this reply Add DavidUK to your friends list Get a Link to this Reply
Aethelred is considered by many to be the first British coins, not the Unready but the one before him c. 847 - 871.

I wouldn't limit yourself to one variety of coin but try to find a nice example from each ruler. If you can get yourself a copy of Spinks Catalogue (even if it is a few years old) it will give you an idea about the relative rarity and available types of coin.

I would just get started though... the way my collection grows is by repeatedly adding coins I don't have, whether that be by ruler, type or year. In your case just keep looking to add portraits you don't have and you will build a nice collection.

I think you will get back quite a long way before you start having problems.
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TomSwift's Avatar
China
171 Posts
 Posted 11/07/2015  6:48 pm  Show Profile   Bookmark this reply Add TomSwift to your friends list Get a Link to this Reply
Thanks guys. The entire project sounds like fun and I think I might give it a go. It's tough sometimes living in China since every purchase is online and lots of dealers don't trust you but I can probably find some that will ship here. I'll start with Elizabeth 2 and just work backwards. That's the way I like to do things since that way, there are no frustrating holes.
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Coinfusion's Avatar
United States
500 Posts
 Posted 11/07/2015  9:23 pm  Show Profile   Bookmark this reply Add Coinfusion to your friends list Get a Link to this Reply
Sounds like a great way to approach it Tom. Good luck and post your progress from time to time.
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Anaximander's Avatar
United Kingdom
709 Posts
 Posted 11/08/2015  10:57 pm  Show Profile   Bookmark this reply Add Anaximander to your friends list Get a Link to this Reply
There are some English/british monarchs with interesting life stories.

For example:

Edward VIII ( only king for a short while in 1936 ). You would need to get one of the colonial coins issued to have one with his name. As far as I know, there are no commonly available coins with his effigy on them. There are a lot of so-called patterns and proofs, but these are modern repros.

Going back a bit, try Matilda and Stephen.


Good luck with your collection. Sounds interesting.

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Numisma's Avatar
United States
4963 Posts
 Posted 11/08/2015  11:53 pm  Show Profile   Bookmark this reply Add Numisma to your friends list Get a Link to this Reply

Quote:
Yes the penny is the longest-living coin, dating back to before William the conqueror, 1066.

The first coins to be known in modern times as pennies were those produced by Offa of Mercia (757-796) c. 790, although the sceattas produced before his time may have been known to contemporaries as pæningas, or pennies.
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Kefiroth's Avatar
United States
1431 Posts
 Posted 11/09/2015  12:02 am  Show Profile   Bookmark this reply Add Kefiroth to your friends list Get a Link to this Reply
You could do Shillings all the way back to Edward VI, then switch to groats (four pence) until you to get back to Edward III, then anything earlier than that would probably have to be pennies.

Obtaining nice examples of Cromwell, Mary, and Richard III will be quite a challenge.
Edited by Kefiroth
11/09/2015 12:04 am
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Numisma's Avatar
United States
4963 Posts
 Posted 11/09/2015  12:44 am  Show Profile   Bookmark this reply Add Numisma to your friends list Get a Link to this Reply
I've actually considered doing exactly this, and reading this, I think I might.
By the way, groats go back to Edward I.
I personally like groats and shillings, but I would probably end up doing pennies since they were much more consistently minted.
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TomSwift's Avatar
China
171 Posts
 Posted 11/09/2015  01:10 am  Show Profile   Bookmark this reply Add TomSwift to your friends list Get a Link to this Reply
You mentioned Cromwell, Mary and Richard II as being difficult to find. What about rulers like Richard Cromwell, Jane, Edward V, Henry VI and others with very short reigns? Did they even have coins minted during their short time in power?
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Numisma's Avatar
United States
4963 Posts
 Posted 11/09/2015  02:00 am  Show Profile   Bookmark this reply Add Numisma to your friends list Get a Link to this Reply
Looking at Wildwinds, there is one coin listed for Richard Cromwell- a gold double crown. Listed under lady Jane Grey were a fantasy piece and a counterfeit, both struck c. 1840 by E. Emery. I haven't looked into the rest.
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