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- From johnmenc@optonline.net Tue Jan 04 13:36:24 2005
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From: johnmenc@optonline.net
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Subject: Why Silver Wood Pieces Syd???
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As is well known William Wood had issued quantities of regal
halfpennies and farthings for Ireland in 1722 and 1723, but these
had been extremely unpopular, even though the last copper issue had
been in 1696 and shortages were starting to appear. This popularity
was in part the result of a campaign, given intellectual force by
Swift's Drapier's Letters, which, in the spirit of the age, refused
to accept the advantages of a separation between face and intrinsic
value for the smaller denominations.
Swift's arguments were based on political animus and some rather
shakey economics. The American colonists proved more amenable and
Mr. Wood's coins were shipped off across the ocean. Before Wood's
issue, it was said that 'considerable manufacturers were obliged to
pay their men with tallies or token in cards, signed upon the back,
to be afterwards exchanged for money..: 2 Subsequently, there may
well have been a recurrence of the perennial shortage of coinage in
Ireland, bin this must have been alevinted, at least m part. by the
issue of regal halfpence in 1736-38, 1741-44, and farthings in 1737,
1738 and 1744, to take only the most relevant years.
Syd - I am currently reading the Drapier Letters - its interesting I
can find no mention of the word "SILVER." Were these just
experimental mint pieces or less likely presentation pieces? What
are your thoughts on this matter???
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