Twopence (British pre-decimal coin)
United Kingdom | |
| Value | 2dsterling |
|---|---|
| Mass | 56.7 g (2 oz) |
| Diameter | 41 mm (1.6 in) |
| Edge | Plain |
| Composition | Copper |
| Years of minting | 1797 |
| Mint marks | SOHO,below and to the right of Britannia. |
| Obverse | |
 | |
| Design | Profile ofGeorge III |
| Designer | Conrad Heinrich Küchler |
| Design date | 1797 |
| Reverse | |
 | |
| Design | Britannia |
| Designer | Conrad Heinrich Küchler |
| Design date | 1797 |
TheBritishtwopence(2d) (/ˈtʌpəns/or/ˈtuːpəns/)coinwas a denomination ofsterling coinageworth twopenniesor1/120of apound.It was a short-lived denomination incopper,being minted only in 1797 byMatthew Boulton'sSoho Mint.
These coins were made legal tender for amounts of up to oneshillingby a proclamation of 26 July 1797.[1]Short-lived twopence coins in silver were also minted in 1817, 1818 and 1820. Twopence coins were made redundant in 1860 with the advent ofbronzecoinage.[2]The twopence was the largest and heaviest copper coin to circulate across Britain,[3]and second largest and heaviest coin in British circulation after emergency money issued locally underCharles I.[4]
History
[edit]The minting of silver pennies for general circulation was halted by the British government in 1660, because the cost of silver had risen too high.[5]By the late 18th century this policy had caused a deficiency in the number of circulating pennies, and many merchants and mining companies had taken to issuing their owncopper tokens.For example, theParys Mining CompanyonAngleseyissued huge numbers of tokens (although their acceptability was limited).[6]
In 1797 to alleviate this coin shortage, the government authorised Matthew Boulton to strike copper pennies and twopences at his Soho Mint inBirmingham.[2]As it was a requirement that a coin's face value should correspond to the value of the base metal, each was made from two pence worth of copper (2 ounces), making the coins significantly larger than earlier pennies which had been struck in silver. Their large size, combined with the thick rim, led to the nickname "cartwheels".[1][7][8]All "cartwheel" twopences are marked with the date 1797. In total, around 720,000 such coins were minted.[1]
By 1802, the production of privately issued provincial tokens had ceased.[9][10]However, in the next ten years the intrinsic value of copper rose. The return of privately minted token coinage was evident by 1811 and became endemic by 1812 as more of the government-issued copper coinage was melted down for trade.[10]TheRoyal Mintundertook a massiverecoinage programme in 1816,with large quantities of gold and silver coin being minted. To thwart the further issuance of private tokens, in 1817 an act of Parliament was passed which forbade their manufacture under severe penalties.[10]
A short-lived twopence denomination in silver was also produced, with circulation issues in 1817, 1818 and 1820,[11]after which silver twopence coins were issued only asMaundy money.
In 1857, a survey by the Royal Mint found that around one-third of all copper coinage had become worn or mutilated, often by advertisements. A couple of years laterThomas Graham,the master of the mint, convincedWilliam Ewart Gladstone,Chancellor of the Exchequer,that so large a proportion of copper coinage must be taken out of circulation that it was worth introducing an entirely new coinage which would be "much more convenient and agreeable in use".[2]New bronze coins were introduced in 1860, with a face value that was no longer required to match the value of the base metal. A year later, withdrawal of the old copper coinage began.[2]
Design
[edit]
The 1797 coin was minted in copper, with a weight of 2 oz (56.7 g) and a diameter of 1.6 in (41 mm).[1]Theobversefeatures a right-facing portrait ofGeorge III,and incused into the rim are the wordsGEORGIUS III·D·G·REX.The initial K appears on the lowest fold of the drapery at the base of the effigy, indicating that the design is the work of the German engraverConrad Heinrich Küchler.[1]The reverse, also designed by Kuchler,[1]shows a left-facing seated figure ofBritannia,with a trident held loosely in her left hand and an olive branch in her outstretched right. There are waves about her feet, with a small ship to the left and aUnion Jackshield below and to the right. On the upper part of the rim is incused the wordBRITANNIAand on the lower part the date1797.The wordSOHOappears next to the shield, indicating that the coin came from the Soho Mint.[6]
Nickname (diminutive)
[edit]Tuppence, sometimes abbreviated to “Tuppy” is a diminutive or nickname, often given to a young child; cf. the fictional detectivePrudence "Tuppence" Cowley,and the actressTuppence Middleton,who takes her name from her mother's childhood nickname. It may relate to the smallness of the coin - the small coin used asMaundy moneyafter the 1820s. It may also relate to its relative rarity, being produced initially in 1797 as a very large “cartwheel” copper coin and thereafter only as Maundy money as a rare and very small silver coin, largely given away only by the monarch. Only a few thousand are produced each year by the Royal Mint.
References
[edit]- ^abcdef"The cartwheel penny and twopence of 1797".Royal Mint Museum.Retrieved15 May2014.
- ^abcdChristopher Edgar Challis (1992).A New History of the Royal Mint.Cambridge University Press.ISBN978-0-521-24026-0.
- ^Rachel (22 August 2018)."The remarkable story of when a British 2 pence weighed the same as a Mars Bar…".Change Checker.Retrieved1 July2023.
- ^"British Twopence or Two Pence".24carat.co.uk.Retrieved1 July2023.
- ^"Penny".Royal Mint Museum.Retrieved16 May2014.
- ^abGeorge A. Selgin (2008).Good Money: Birmingham Button Makers, the Royal Mint, and the Beginnings of Modern Coinage, 1775-1821.University of Michigan Press.ISBN978-0-472-11631-7.
- ^"Cartwheels".Living in the Past.Retrieved17 May2014.
- ^Carson, Robert Andrew Glendinning(1962).Coins of the world.Harper. p. 247.ISBN9780060007508.
- ^Pye, Charles(1801).A Correct and Complete Representation of All the Provincial Copper Coins, Tokens of Trade, and Cards of Address, on Copper: Which Were Circulated as Such Between the Years 1787 and 1801(Second ed.). Birmingham: M. Young. p. 4.
- ^abcHocking, William John (1906).Catalogue of the Coins, Tokens, Medals, Dies, and Seals in the Museum of the Royal Mint.London: Darling & Son Ltd. pp. 327–343.
- ^Remick, Jerome (1971).The Guide Book and Catalogue of the British Commonwealth Coins.Winnipeg, Canada: Regency Coin and Stamp Co. Ltd. p. 208.
