Gold coin: Denomination: Guinea
Tower Mint, London
King William III (1694-1702)
For reasons of politics Mary had married William of Orange, Charles II nephew and left England to live with him. On the death of Charles his brother, Mary's father, became King James II but soon lost control. Mary and her husband were invited to England to take over the throne. Mary died from smallpox on 28 December 1694 and William then ruled alone as William III.
At the beginning of William's sole reign the current value of the guinea, originally 20 shillings, was 30 shillings. In 1696 to remedy this it was decided that old silver coins (including all coins made by the old 'hammered' method) would be removed and re-coined. As the quality new silver coins became available the value of the guinea was gradually reduced until 1698 when it stood at 21 shilllings and 6 pence (giving this coin the value of 10 shillings and 9 pence). The guinea remained at that value until 1717 when it was reduced again to its final value of 21 shillings.
The legend on the coin reads as a single title from front to back, it translates: William III by the Grace of God King of Great Britain, France and Ireland.
Laureate head of William III right; around, GVLIELMVS . III . DEI . GRA.
Crowned shields of England, Scotland, Ireland and France forming a cross shape, with the arms of the House Nassau at the centre. In the angles between the shields are four sceptres with different heads, an orb, a thistle, a lis and a harp; around, MAG. BR. FRA ET. HIB REX 1698, the date being divided by the crown above the English arms.
diagonal milling ///
Transfer from National Gallery of Victoria (NGV), 15 Mar 1976
Purchased Felton Bequest, 1929
Type of item
21 mm (Outside Diameter), 4.157 g (Weight)
[Book] Skingley, Philip. 2007. Coins of England and the United Kingdom., Spink 3468 Pages