How long did 1775 counterfeit halfpence circulate in London??? Público Deposited
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- From wnippe@acxiom.com Sun Jan 22 09:53:36 2006
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Date: Sun, 22 Jan 2006 17:53:03 -0000
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From: "Will Nipper" <wnippe@acxiom.com>
Subject: Re: How long did 1775 counterfeit halfpence circulate in London???
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FYI...Ivor Noel Hume cited a counterfeit cartwheel in lead. Talk=20
about awkward...
--- In colonial-coins@yahoogroups.com, William Triest=20
<wtriest2@y...> wrote:
>
> How about referring the question to an English
> authority?
>=20
> The cartwheels issue is said to have been unpopular as
> too awkward. The new coinage of Boulton may or may
> nort have been adequate in quantity, but the old
> coinage probably was accepted for some time
> thereafter. All the more reason to make them
> backdated and imitate wear (and thereby account for
> low weight, at least as hefted in the hand. But, a
> referral to the UK may be worthwhile.
>=20
> I don't have my address list here, but can send off a
> few queries later.
>=20
> Bill Triest
>=20
> --- John Lorenzo <johnmenc@o...> wrote:
>=20
> > Was it a slow decline or abrupt?
> >=20
> >=20
> > --- In colonial-coins@yahoogroups.com, "Byron
> > Weston"=20
> > <bkweston@v...> wrote:
> > >
> > > --- In colonial-coins@yahoogroups.com, "John
> > Louis"=20
> > <johnwlouis@c...>=20
> > > wrote:
> > > >
> > > > Maybe they accepted them for 1/2 price? ...or
> > whatever % less=20
> > than=20
> > > the new=20
> > > > regals? maybe 3 for 1? etc? etc?
> > > > ...just a guess
> > > > jwl
> > >=20
> > > I'm not sure that what transpired in America
> > during the coppers=20
> > paninc=20
> > > of 1789 can be applied to what may have happened
> > later in England,=20
> > > John, but I think the beginning of the end came
> > with Boulton's=20
> > > cartwheel coinage of 1797 and that the circulation
> > of counterfeits=20
> > in=20
> > > England likely ceased by and/or no later than 1807
> > by which time=20
> > there=20
> > > may have been sufficient full weight regal issues
> > in circulation=20
> > that=20
> > > accepting underweight counterfeits, at any rate of
> > exchange, no=20
> > longer=20
> > > made any sense. I would think by that time it was
> > doubtful that=20
> > > merchants would have accepted underweight base
> > copper counterfeits=20
> > > instead of the new full weight pure copper
> > halfpence. The=20
> > circulation=20
> > > of counterfeit halfpence had been by necessity,
> > but that necessity=20
> > > quickly erroded. Instead of bad money driving out
> > the good the=20
> > complete=20
> > > opposite happened in England.
> > > Byron
> > >
> >=20
> >=20
> >=20
> >=20
> >=20
>=20
>=20
> __________________________________________________
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> - 2006-01-22
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