Why Did Britain Run Out Of Money In The 18th Century?

[@stefkuna]

That's a really interesting video Luke - your historical context adds so much to the coin images! I previously associated trade tokens with the 17th century rather than late 18th century. For instance I found a Norwich Farthing from the 1660s. Were the 17th century ones also driven by a lack of national coinage or were they intended more for use in localised trade networks?

[@TheHammeredCorner]

Hey Stefan, thanks a lot mate. Yes, they were indeed produced to supplement the shortage of small change. The problem was that during the commonwealth period and the commonwealth rule under Charles I, they issued no small change (half pennies & farthings). So to combat this issue, a blind eye was turned at locals issuing their own, during the period of 1652-1660. 😊

[@danielt879]

Great video.. amazing history.. as a detectorist I'm very happy to hear there are many, many different coins/tokens out there to collect 😀 Thanks for uploading.

[@TheHammeredCorner]

Thanks Daniel, happy hunting 😊

[@danielt879]

@@TheHammeredCorner Thank you. 😊

[@scottessery100]

As a detectorist your historical videos are amazing. Thank you so much 👍🏽😊please keep going

[@TheHammeredCorner]

Thank you matey, hope you’re enjoying the content!

[@TheCoinRealm]

Never knew this! Super cool! 👍 Quite odd to think about a shortage of copper in the 18th century, when you have the largest copper coin ever made in 1797 (Two Pence Cartwheel) . 🤔 Very nice tokens! 👍👌

[@TheHammeredCorner]

Thanks matey

[@jon6288]

I love Conders! I've got dozens, and a lot of duplicates of my favorites. One thing I think this period shows is how money is really just a tool to facilitate trade, and that the governments job is to make sure there's enough circulating to allow that trade to take place. There are a lot of similar debates today about how government's should treat their currencies -- as stores of value, or as tools for facilitating trade. Sometimes those roles stand opposed!

[@TheHammeredCorner]

Totally agree Jon. Such an underrated period of numismatic coinage, that tells such a huge story. 😊

[@kerryhamer2337]

Another super video Luke, thank you. Do you have any experience of Coin Weights? I have recently become interested. I have a few, but haven't found any books yet. Kerry.

[@TheHammeredCorner]

Thanks kindly Kerry! Not something I have in my collection, nor any experience in. Maybe I’ll do some research and create something for you one day 😊

[@kerryhamer2337]

Thank you!

[@northdevondetectorist]

Thank you for the history ☺️

[@TheHammeredCorner]

Thank you as always 😊

[@gordongrant408]

Great stuff luke.

[@TheHammeredCorner]

Cheers Gordon 😊😁

[@timeywimey6664]

I found a counterfeit half penny dated 1808

[@TheHammeredCorner]

Nicely done Timey!

[@pirateswamp9219]

That was a superb briefing. Could you do something on cob coins please? Keep up the good work 👍👍

[@TheHammeredCorner]

Thanks matey! Will have a look into cobs and see if I can fit it into the English scope at all 😊

[@pirateswamp9219]

@@TheHammeredCorner I’m thinking some English of British pirates must have a few cobs? I like the roughness of them, the crudeness. I like the big silver bricks that have been on the sea bed for 300 years too.,,

[@erikbrantner4295]

So these are Condor tokens! I'm glad I got to see the history of these! I'm looking at one dated 1794 UNC. With a lot of mint red luster! I have it on my eBay watch list and it's going for $175 USD... Is this a good price for a nice UNC with the above mentioned as to the mint red condition??

[@Troy-Weight]

Top marks for even asking this question - I did not find anyone else on KZbin who asks it. However - the question is not answered correctly. To get to the bottom of this matter one has to turn back the scholarly clock more than 100 years to Del Mar’s book - “A History of Monetary Crimes”. Essentially the Grocer’s Guild and the East India Company hooked up. Externally, EIC was exporting the circulating silver currency East, as silver bullion, to fund its trade. Meanwhile the Grocer’s Guild was pushing the English population away from traditional markets - where trade was done paid and quit in coin - at cheap prices. As silver coinage dried up so did traditional markets. Instead elite Guild members wanted people buying things on credit at shops - thus raking in profits - because they charged expensive prices. My paper “Maria Graham and the Problem of Small Change” should be easy enough to find on the web and gets into all the nitty gritty - about both what actually happened - and also, who is spreading the modern incorrect accounts.

[@thesecondsilvereich7828]

England: we are running out of copper coinage Government: I've got it make them bigger England: oh for fs

[@moedasemoedas]

Legal, agora já sei o que eram os tokens 👍

[@TheHammeredCorner]

Thanks!

[@theblackprince5898]

The Conder token gets that name from a mad Man in 1794 cataloging all of them at the time and he does have his own token called the “Ipswich Halfpenny”.

[@TheHammeredCorner]

Will have a look into this, thanks mate!

[@theblackprince5898]

@@TheHammeredCorner if you need help with research I don’t mind helping out.

[@7777-coins-]

Отличный обзор

[@TheHammeredCorner]

Thanks a lot!