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- From johnmenc@optonline.net Fri Jan 07 17:22:08 2005
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From: johnmenc@optonline.net
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Subject: Re: Why Silver Wood Pieces Syd???
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In terms of the Rosa Twopence and probably why this denomination was
issued ... are you aware of the Holles Newcastle letter to the
Governor of New Hampshire on 29 October 1725???
--- In colonial-coins@yahoogroups.com, "Sydney F. Martin"
<sfmartin5@c...> wrote:
> Remember -- Irish and English money was not at parity, accounting
for
> the differences John Lorenzo is so concerned about. Syd
>
> Rosaamltd@a... wrote:
>
> > John, you are assuming here that all the British posessions had
a
> > circulating coinage that was equal in weight and fineness to
those
> > produced by the Tower mint in London, aren't you? Comparing
British
> > George II and George III coinage to the Woods pieces is
comparing
> > apples to oranges -- you need to compare IRISH George II and
George
> > III pieces to the Wood issues. Even if Ireland is a heck of a
lot
> > closer to London than America is, anything produced in England
would
> > have to be shipped over there and the pieces would need to be
placed
> > in circulation at some expense to the crown; that expense would
most
> > likely be taken "off the top" as a slight decrease in the weight
or
> > fineness of a particular piece (or in the case of the Rosa
Americana
> > series as an increase in the valuation -- so that a coin the
size of a
> > Hibernia farthing now became a Rosa Americana halfpenny, and on
up the
> > scale). So a few grains difference between standard BRITISH
weight
> > and Woods coinages would not have been that bad at all, and
would have
> > actually been a bonus to Irish merchants, as even a Hibernia at
5
> > grains less would still weight a lot more than the counterfeit
British
> > and Irish pieces and 17th & early 18th century token coinages
that
> > would have probably made up the majority of pieces in
circulation in
> > Ireland at the time.
> >
> > Swift was an interesting character, but he was one that held
grudges
> > pretty much for his entire life -- if you read
through "Gulliver's
> > Travels" you can occasionally figure out the exact person he was
> > mocking or satirizing, but to a contemporary the text would have
read
> > closer to something like today's "National Enquirer" in that it
> > slammed just about every authority who ever dared to disagree
with
> > Swift. No doubt somewhere along the line Wood must have given
insult
> > to Swift and Swift must have taken great pleasure in being able
to
> > adopt yet another persona, the Drapier, to mock the man and his
> > coinage. The fact that the coinage was good, was definitely
useful
> > and particularly needed in Ireland didn't seem to matter much to
> > Swift, and when Wood's enterprise failed there would have
certainly
> > been a shortage of circulating specie which would then be filled
with
> > -- what else -- low weight, crude counterfeits of regal types
that
> > were actually LESS valuable than the Wood pieces!
> >
> > And a tangent -- something that I've always wondered about, and
maybe
> > Syd can comment on. If the Hibernia farthing is about the size
of the
> > Rosa halfpenny, and the Hibernia halfpenny is about the size of
the
> > Rosa penny, then why do we have a Rosa twopence and NOT a
Hibrenia
> > penny? It would seem logical to have such a coin, especially
since
> > Wood must have had equipment capable of making planchets that
size and
> > thickness and presses that could strike such a piece...
> >
> > Jeff Rock
> >
> > -----------------------------------------------------------------
-------
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> >
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