How long did 1775 counterfeit halfpence circulate in London??? Public Deposited
[Colonial Numismatics] Re
Re
- From johnwlouis@comcast.net Sat Jan 21 16:44:46 2006
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Date: Sat, 21 Jan 2006 19:41:12 -0500
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From: "John Louis" <johnwlouis@comcast.net>
Subject: Re: [Colonial Numismatics] Re: How long did 1775 counterfeit halfpence circulate in London???
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Well, you may be right about one thing..............There are so darn many
of those 1806's and 1807's NOW!!!
I can only imagine how many were floating around back in the day!
John
----- Original Message -----
From: "Byron Weston" <bkweston@verizon.net>
To: <colonial-coins@yahoogroups.com>
Sent: Saturday, January 21, 2006 9:48 AM
Subject: [Colonial Numismatics] Re: How long did 1775 counterfeit halfpence
circulate in London???
> --- In colonial-coins@yahoogroups.com, "John Louis" <johnwlouis@c...>
> wrote:
>>
>> Maybe they accepted them for 1/2 price? ...or whatever % less than
> the new
>> regals? maybe 3 for 1? etc? etc?
>> ...just a guess
>> jwl
>
> I'm not sure that what transpired in America during the coppers paninc
> of 1789 can be applied to what may have happened later in England,
> John, but I think the beginning of the end came with Boulton's
> cartwheel coinage of 1797 and that the circulation of counterfeits in
> England likely ceased by and/or no later than 1807 by which time there
> may have been sufficient full weight regal issues in circulation that
> accepting underweight counterfeits, at any rate of exchange, no longer
> made any sense. I would think by that time it was doubtful that
> merchants would have accepted underweight base copper counterfeits
> instead of the new full weight pure copper halfpence. The circulation
> of counterfeit halfpence had been by necessity, but that necessity
> quickly erroded. Instead of bad money driving out the good the complete
> opposite happened in England.
> Byron
>
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> - 2006-01-21
- 1
