Unveiling The Secrets And Significance Of The Penny Noble

Galcaba 12 May 2024

What is a Penny Noble?

A penny noble is a medieval English gold coin first minted in 1344 during the reign of King Edward III. It was the first English gold coin to be produced since the reign of Henry III in the 13th century.

The penny noble was originally worth 12 pence, but its value was later reduced to 8 pence in 1351. It was eventually replaced by the noble in 1361.

The penny noble was made of 22-karat gold and weighed about 4.5 grams. It was about the same size as a modern US dime, but it was much thicker.

The obverse of the penny noble featured a portrait of the king, while the reverse featured a cross patte with four lions in the angles.

Penny Noble

The penny noble was an important medieval English gold coin first minted in 1344 during the reign of King Edward III. Here are eight key aspects of the penny noble:

First English gold coin since the 13th century
Worth 12 pence when first minted
Value reduced to 8 pence in 1351
Replaced by the noble in 1361
Made of 22-karat gold
Weighed about 4.5 grams
Featured a portrait of the king on the obverse
Featured a cross patte with four lions on the reverse

The penny noble was a significant coin in medieval England. It was the first English gold coin to be produced in over a century, and it was used for both domestic and international trade. The penny noble was also a popular coin for hoarding, and many examples have been found in hoards throughout England.

The penny noble is a reminder of the wealth and power of medieval England. It is a beautiful coin that is still admired by collectors.

First English gold coin since the 13th century

The penny noble was the first English gold coin to be minted since the reign of Henry III in the 13th century. This was a significant event, as it marked a return to the use of gold coinage in England after a long period of time. The penny noble was also the first English coin to be produced in large quantities, which made it an important part of the English economy.

There were several reasons why Edward III decided to introduce the penny noble. One reason was to help pay for the Hundred Years' War with France. The war was expensive, and Edward needed to find new ways to raise money. The penny noble was also intended to replace the gold florin, which was a foreign coin that was widely used in England at the time. Edward wanted to create an English gold coin that would be just as popular as the florin.

The penny noble was a success. It was widely accepted in England and abroad, and it helped to finance the Hundred Years' War. The penny noble also helped to establish the English gold coinage system, which would continue to be used for centuries to come.

The penny noble is an important coin in English history. It was the first English gold coin to be minted since the 13th century, and it played a significant role in the English economy. The penny noble is also a beautiful coin, and it is still admired by collectors today.

Worth 12 pence when first minted

The penny noble was initially worth 12 pence when it was first minted in 1344. This made it a valuable coin, as it was worth more than the silver penny, which was the most common coin in circulation at the time. The penny noble's high value was due to the fact that it was made of gold, which was a more precious metal than silver.

The penny noble's value was equivalent to one shilling
This made it a convenient coin for making large purchases, as it was worth more than the silver penny but less than the gold florin, which was worth two shillings.
The penny noble was used to pay for goods and services
It was also used to pay taxes and fines. The penny noble was a popular coin for hoarding, as it was a valuable and portable form of wealth.
The penny noble was exported to other countries
It was used to pay for imported goods and services. The penny noble was also used to finance military campaigns.

The penny noble's value was reduced to 8 pence in 1351. This was due to the fact that the price of gold had fallen. The penny noble continued to be used as a coin until it was replaced by the noble in 1361.

Value reduced to 8 pence in 1351

The penny noble was initially worth 12 pence when it was first minted in 1344. However, its value was reduced to 8 pence in 1351. This was due to the fact that the price of gold had fallen.

The price of gold fell due to a number of factors
One factor was the outbreak of the Black Death in 1348. The Black Death killed millions of people, which led to a decrease in the demand for gold. Another factor was the discovery of new gold mines in Europe. These new mines increased the supply of gold, which also led to a decrease in its price.
The reduction in the value of the penny noble had a number of consequences
One consequence was that it made it more difficult for the English government to pay for the Hundred Years' War with France. The war was expensive, and the English government needed to find new ways to raise money. Another consequence was that it made it more difficult for people to save money. The penny noble was a popular coin for hoarding, but its reduced value made it less attractive as a store of wealth.

The reduction in the value of the penny noble is a reminder of the fact that the value of money can change over time. This is due to a number of factors, including economic conditions, political events, and technological changes.

Replaced by the noble in 1361

The penny noble was replaced by the noble in 1361. The noble was a new gold coin that was worth 6 shillings and 8 pence. It was introduced by King Edward III to replace the penny noble, which had been devalued in 1351. The noble was a more stable coin than the penny noble, and it quickly became the standard gold coin of England.

The replacement of the penny noble by the noble is a significant event in English economic history. It marks the end of the penny noble as the primary gold coin of England, and the beginning of the noble's dominance. The noble would remain the standard gold coin of England for over a century.

Coin	Value	Introduced
Penny noble	12 pence	1344
Noble	6 shillings and 8 pence	1361

Made of 22-karat gold

The penny noble was made of 22-karat gold, which means that it was 91.7% pure gold. This made it a very valuable coin, as gold was a precious metal. The use of 22-karat gold also gave the penny noble a distinctive appearance, as it was a deep yellow color.

High purity and value
The high purity of the gold in the penny noble made it a very valuable coin. It was worth more than the silver penny, which was the most common coin in circulation at the time.
Distinctive appearance
The use of 22-karat gold gave the penny noble a distinctive appearance. It was a deep yellow color, which made it easy to distinguish from other coins.
Durability
Gold is a very durable metal, which means that the penny noble was able to withstand wear and tear. This made it a good choice for a coin that was intended to be used for everyday transactions.

The use of 22-karat gold in the penny noble was a significant factor in its success. It made the coin valuable, distinctive, and durable. These qualities helped to make the penny noble one of the most popular coins in medieval England.

Weighed about 4.5 grams

The penny noble weighed about 4.5 grams. This was a significant amount of gold for a coin at that time. The weight of the penny noble gave it a number of advantages.

Value: The weight of the penny noble gave it a high value. It was worth more than the silver penny, which was the most common coin in circulation at the time.
Durability: The weight of the penny noble made it a durable coin. It was able to withstand wear and tear, which made it a good choice for a coin that was intended to be used for everyday transactions.
Stability: The weight of the penny noble gave it a stable value. It was not as susceptible to fluctuations in the price of gold as smaller coins.

The weight of the penny noble was an important factor in its success. It made the coin valuable, durable, and stable. These qualities helped to make the penny noble one of the most popular coins in medieval England.

The penny noble is a reminder of the importance of weight in coinage. The weight of a coin can have a significant impact on its value, durability, and stability. This is something that is still considered today when designing new coins.

Featured a portrait of the king on the obverse

The penny noble featured a portrait of the king on the obverse, or "heads" side of the coin. This was a common practice on medieval coins, and it served several purposes.

Identification: The portrait of the king helped to identify the coin and the issuing authority. This was especially important in a period when there were many different types of coins in circulation.
Legitimacy: The portrait of the king also served to legitimize the coin. It showed that the coin was authorized by the king and that it was not counterfeit.
Propaganda: The portrait of the king could also be used for propaganda purposes. It could be used to promote the king's image and to glorify his reign.
Artistic merit: The portraits on penny nobles were often very detailed and realistic. This shows that the engravers who made the dies were skilled artists.

The portrait of the king on the obverse of the penny noble is a reminder of the importance of symbolism in medieval coinage. Coins were not just used for making payments. They were also used to convey political and religious messages.

Featured a cross patte with four lions on the reverse

The penny noble featured a cross patte with four lions on the reverse, or "tails" side of the coin. This design was common on medieval English coins, and it had several meanings.

Religious significance
The cross patte is a Christian symbol that represents the cross that Jesus Christ was crucified on. The four lions represent the four evangelists: Matthew, Mark, Luke, and John.
Royal symbolism
The lions on the reverse of the penny noble also represent the king. The lion is a symbol of strength and power, and it was often used on coins to represent the king's authority.
National identity
The cross patte and the four lions are both symbols of England. The penny noble was a way of expressing English national identity.
Artistic merit
The designs on the penny noble are very detailed and intricate. This shows that the engravers who made the dies were skilled artists.

The cross patte with four lions on the reverse of the penny noble is a reminder of the religious, royal, and national significance of coins in medieval England. Coins were not just used for making payments. They were also used to convey important messages about the king and the country.

Frequently Asked Questions

This section addresses common concerns or misconceptions about penny nobles.

Question 1: What is a penny noble?

A penny noble is a medieval English gold coin first minted in 1344 during the reign of King Edward III.

Question 2: Why was the penny noble introduced?

The penny noble was introduced to help pay for the Hundred Years' War with France and to replace the gold florin, which was a foreign coin that was widely used in England at the time.

Question 3: What is the significance of the penny noble?

The penny noble was the first English gold coin to be minted since the 13th century, and it played a significant role in the English economy. It was also a popular coin for hoarding.

Question 4: What are the key features of the penny noble?

The penny noble is made of 22-karat gold, weighs about 4.5 grams, and features a portrait of the king on the obverse and a cross patte with four lions on the reverse.

Question 5: How much was the penny noble worth?

The penny noble was initially worth 12 pence when it was first minted in 1344, but its value was reduced to 8 pence in 1351.

Question 6: When was the penny noble replaced?

The penny noble was replaced by the noble in 1361.

Summary

The penny noble is a fascinating and important coin from medieval England. It was the first English gold coin to be minted since the 13th century, and it played a significant role in the English economy. The penny noble is also a beautiful coin, and it is still admired by collectors today.

Transition to the next article section

The next section will provide more in-depth information about the history of the penny noble.

Penny Noble Tips

This section provides some useful tips for collectors of penny nobles.

Tip 1: Know what you're buying.

Before you buy a penny noble, it's important to do your research and make sure that you know what you're buying. There are a lot of fake penny nobles on the market, so it's important to be able to spot the signs of a genuine coin.

Tip 2: Buy from a reputable dealer.

When you're buying a penny noble, it's important to buy from a reputable dealer. A reputable dealer will be able to provide you with a certificate of authenticity and will stand behind the coins they sell.

Tip 3: Get your coins graded.

Once you've purchased a penny noble, it's a good idea to get it graded by a professional grading service. This will help you to determine the coin's condition and value.

Tip 4: Store your coins properly.

Penny nobles are valuable coins, so it's important to store them properly. Coins should be stored in a cool, dry place in a protective case.

Tip 5: Handle your coins with care.

Penny nobles are delicate coins, so it's important to handle them with care. When handling coins, always use gloves and avoid touching the coin's surfaces.

Summary

Following these tips will help you to collect penny nobles safely and wisely.

Transition to the article's conclusion

The penny noble is a fascinating and important coin from medieval England. It is a beautiful coin that is still admired by collectors today.

Conclusion

This article has explored the history, design, and significance of the penny noble. We have also provided some tips for collectors of penny nobles. We hope that this article has helped you to learn more about this fascinating coin.

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