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| World & Ancient Coins Discussion relating to world & ancient coins |
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07-07-2006, 10:50 PM
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Real or fake?
I am helping my parents move and found this in a box of coins, is it a real coin or just a copy?
  
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07-08-2006, 11:11 AM
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No coin expert, but hoping it turns out to be real for ya! Neat find!!!
Pat 
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07-09-2006, 09:02 AM
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Yes it's real. It is a "Cartwheel" coin from George III. Depending on the size it will be a halfpenny, penny, or twopence. George III had the bright idea of minting coins that had the same value of copper in them as the face value, hence the size and weight. However, a few years later the value of the copper exceeded the face value and many were melted down for scrap. They were also very unpopular due to the size and weight.
I would value your example at about $70.
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XP Goldmaxx Power. Does it get any better? XP ADX 200. Just love it. Last edited by Georgian Tim; 07-09-2006 at 09:04 AM.
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07-09-2006, 02:11 PM
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I should have posted a ruler near it
It is a bit bigger than a silver dollar and thicker and a lot heavier. Thanks for the info now I know what it is.
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07-09-2006, 03:34 PM
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Quote:
__________________
XP Goldmaxx Power. Does it get any better? XP ADX 200. Just love it.
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04-23-2007, 03:48 AM
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cartwheel peeny
your coin is in a nice condtion for the year.The price guide from my 2005 book is..prices in sterling...between £15 ..£ 32 .I think you double that price to get american dollars.
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07-15-2007, 08:27 AM
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It's more likely to be a tuppence (40 mm) than a penny (36 mm), since a silver dollar is 39 mm. There is no halfpenny of this type. Its catalog number is KM 619.
The idea to mint such heavy coins came from Sir Isaac Newton, master of the mint and a "natural philosopher" (empiricists). In the view of Hume, Locke and other contemporaries of Newton, coins should contain their full value in metal. The weakness of this theory was exposed when the Napoleonic wars broke out and copper prices rose (copper is handy for cannons and muskets and cannonballs and the like). Many more of these pieces would have been melted for scrap if they had not been very popular as grocer's weights. This explains why most surviving pieces are in good condition. Today, Newton's coinage theory is considered debunked, except among US silver bugs and gold bugs. Peter
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An unidentified coin is a piece of metal. An identified coin is a piece of history.
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