Why Did Britain Run Out Of Money In The 18th Century?

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  • Опубліковано 1 лис 2024

КОМЕНТАРІ • 33

  • @stefkuna
    @stefkuna 2 роки тому +7

    That's a really interesting video Luke - your historical context adds so much to the coin images! I previously associated trade tokens with the 17th century rather than late 18th century. For instance I found a Norwich Farthing from the 1660s. Were the 17th century ones also driven by a lack of national coinage or were they intended more for use in localised trade networks?

    • @TheHammeredCorner
      @TheHammeredCorner  2 роки тому +3

      Hey Stefan, thanks a lot mate. Yes, they were indeed produced to supplement the shortage of small change. The problem was that during the commonwealth period and the commonwealth rule under Charles I, they issued no small change (half pennies & farthings). So to combat this issue, a blind eye was turned at locals issuing their own, during the period of 1652-1660. 😊

  • @TheCoinRealm
    @TheCoinRealm 2 роки тому +3

    Never knew this! Super cool! 👍 Quite odd to think about a shortage of copper in the 18th century, when you have the largest copper coin ever made in 1797 (Two Pence Cartwheel) . 🤔 Very nice tokens! 👍👌

  • @scottessery100
    @scottessery100 2 роки тому +2

    As a detectorist your historical videos are amazing. Thank you so much 👍🏽😊please keep going

    • @TheHammeredCorner
      @TheHammeredCorner  2 роки тому +1

      Thank you matey, hope you’re enjoying the content!

  • @danielt879
    @danielt879 2 роки тому +2

    Great video.. amazing history.. as a detectorist I'm very happy to hear there are many, many different coins/tokens out there to collect 😀
    Thanks for uploading.

  • @jon6288
    @jon6288 2 роки тому +2

    I love Conders! I've got dozens, and a lot of duplicates of my favorites. One thing I think this period shows is how money is really just a tool to facilitate trade, and that the governments job is to make sure there's enough circulating to allow that trade to take place. There are a lot of similar debates today about how government's should treat their currencies -- as stores of value, or as tools for facilitating trade. Sometimes those roles stand opposed!

    • @TheHammeredCorner
      @TheHammeredCorner  2 роки тому +2

      Totally agree Jon. Such an underrated period of numismatic coinage, that tells such a huge story. 😊

  • @northdevondetectorist
    @northdevondetectorist 2 роки тому +1

    Thank you for the history ☺️

  • @timeywimey6664
    @timeywimey6664 2 роки тому +1

    I found a counterfeit half penny dated 1808

  • @gordongrant408
    @gordongrant408 2 роки тому +1

    Great stuff luke.

  • @kerryhamer2337
    @kerryhamer2337 2 роки тому +1

    Another super video Luke, thank you. Do you have any experience of Coin Weights? I have recently become interested. I have a few, but haven't found any books yet. Kerry.

    • @TheHammeredCorner
      @TheHammeredCorner  2 роки тому +2

      Thanks kindly Kerry! Not something I have in my collection, nor any experience in. Maybe I’ll do some research and create something for you one day 😊

    • @kerryhamer2337
      @kerryhamer2337 2 роки тому +1

      Thank you!

  • @pirateswamp9219
    @pirateswamp9219 2 роки тому

    That was a superb briefing.
    Could you do something on cob coins please?
    Keep up the good work 👍👍

    • @TheHammeredCorner
      @TheHammeredCorner  2 роки тому +1

      Thanks matey! Will have a look into cobs and see if I can fit it into the English scope at all 😊

    • @pirateswamp9219
      @pirateswamp9219 2 роки тому

      @@TheHammeredCorner
      I’m thinking some English of British pirates must have a few cobs? I like the roughness of them, the crudeness.
      I like the big silver bricks that have been on the sea bed for 300 years too.,,

  • @erikbrantner4295
    @erikbrantner4295 Рік тому

    So these are Condor tokens!
    I'm glad I got to see the history of these!
    I'm looking at one dated 1794 UNC.
    With a lot of mint red luster!
    I have it on my eBay watch list and it's going for $175 USD...
    Is this a good price for a nice UNC with the above mentioned as to the mint red condition??

  • @Troy-Weight
    @Troy-Weight 4 місяці тому

    Top marks for even asking this question - I did not find anyone else on UA-cam who asks it.
    However - the question is not answered correctly. To get to the bottom of this matter one has to turn back the scholarly clock more than 100 years to Del Mar’s book - “A History of Monetary Crimes”.
    Essentially the Grocer’s Guild and the East India Company hooked up. Externally, EIC was exporting the circulating silver currency East, as silver bullion, to fund its trade. Meanwhile the Grocer’s Guild was pushing the English population away from traditional markets - where trade was done paid and quit in coin - at cheap prices. As silver coinage dried up so did traditional markets. Instead elite Guild members wanted people buying things on credit at shops - thus raking in profits - because they charged expensive prices.
    My paper “Maria Graham and the Problem of Small Change” should be easy enough to find on the web and gets into all the nitty gritty - about both what actually happened - and also, who is spreading the modern incorrect accounts.

  • @theblackprince5898
    @theblackprince5898 2 роки тому

    The Conder token gets that name from a mad Man in 1794 cataloging all of them at the time and he does have his own token called the “Ipswich Halfpenny”.

    • @TheHammeredCorner
      @TheHammeredCorner  2 роки тому

      Will have a look into this, thanks mate!

    • @theblackprince5898
      @theblackprince5898 2 роки тому

      @@TheHammeredCorner if you need help with research I don’t mind helping out.

  • @thesecondsilvereich7828
    @thesecondsilvereich7828 Рік тому

    England: we are running out of copper coinage
    Government: I've got it make them bigger
    England: oh for fs

  • @moedasemoedas
    @moedasemoedas 2 роки тому +2

    Legal, agora já sei o que eram os tokens 👍

  • @7777-coins-
    @7777-coins- 2 роки тому +1

    Отличный обзор