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Latest Acquisition: 1562 Elizabeth I Sixpence (Milled)

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EarlyMilledCoins's Avatar
United States
147 Posts
 Posted 01/31/2014  4:30 pm Show Profile   Bookmark this topic Add EarlyMilledCoins to your friends list Get a Link to this Message Number of Subscribers
Just got this today!

Elizabeth I 1562 Sixpence (milled issue)
Mint mark: 'Star' (Tower mint, 1560 - 1566)
2.93g, 26mm. Crowned bust of Elizabeth (facing left) with decorated dress and small rose. Obverse: ELIZABETH DG ANG FRA ET HIB REGINA. Reverse: Quartered Royal Arms over long cross with date (1562) POSVI DEVM ADIVTOREM MEVM.

The earliest machine known for producing coins is the screw press, invented by Leonardo da Vinci in the 15th century, powered by a water mill. With the arrival of machine-driven and struck coins also came new technology and techniques for stamping the coin's edge with a reeded or milled edge or impressed with designs. The presence of reeding shows that the coin's edge has not been shaved or clipped. The new edging processes for coins impeded them from being clipped into smaller pieces as did happen when coins were hammer-struck. Hence, milled edges were originally designed and intended to show that none of the metal had been shaved off the coin. Earlier, coins were shaved or clipped to almost half of their minted weight by unscrupulous persons and it is from this phenomenon that we derive the phrase "clip artist" to mean a thief. This form of debasement in Tudor England led to the formulation of Gresham's Law, so named after Sir Thomas Gresham. The earliest milled coins produced in England date from the early 1560s, but milled coinage did not entirely replace hammered coinage until 1662.

Latest-Acquisition:-1562-Elizabeth-I-Sixpence-Milled

Latest-Acquisition:-1562-Elizabeth-I-Sixpence-Milled
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thedollarman's Avatar
Canada
4911 Posts
 Posted 01/31/2014  4:35 pm  Show Profile   Check thedollarman's eBay Listings Bookmark this reply Add thedollarman to your friends list Get a Link to this Reply
Nice coin and thanks for the history lesson.
Feel free to call me Will.
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EarlyMilledCoins's Avatar
United States
147 Posts
 Posted 01/31/2014  5:44 pm  Show Profile   Bookmark this reply Add EarlyMilledCoins to your friends list Get a Link to this Reply
Thanks. I was also wondering if I got a good deal? I paid $195
Edited by EarlyMilledCoins
01/31/2014 5:53 pm
Valued Member
Badger Mint's Avatar
United States
324 Posts
 Posted 01/31/2014  5:59 pm  Show Profile   Bookmark this reply Add Badger Mint to your friends list Get a Link to this Reply
Does this piece have a reeded edge?
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philadelphian's Avatar
United States
3253 Posts
 Posted 01/31/2014  9:22 pm  Show Profile   Bookmark this reply Add philadelphian to your friends list Get a Link to this Reply
Some of the earliest coin "mills" in America, notably the Vermont Mint in Rupert, and Machins Mill in Newburgh, NY, were located on streams, and I had always assumed they must have used a water-powered screw.
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publius's Avatar
United States
807 Posts
 Posted 01/31/2014  10:09 pm  Show Profile   Bookmark this reply Add publius to your friends list Get a Link to this Reply
At the time of William III's great recoinage, as Ruding describes, clipping was to the point that the coins paid into the Exchequer weighed about 40% what they should, & there were in circulation "half crowns wanting seven and sixpence", that is, requiring three others like them to bring them up to the legal weight. Mind, the coins paid in taxes were probably the worst of the lot, but still it's frightening.

Roller-presses operated by water were used at Segovia, & hammer presses run from a water wheel were used at Avesta in Sweden. But, although the rolling mills used for making strip were often worked by water (as at Paris, the Monnaie du Molin), working screw presses from a common source of power does not appear to have caught on until Boulton & Watt harnessed them to steam.

Meanwhile, I'm on the war-path again to purchase my own screw press.
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