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Coin - 5 Guineas, William III, Great Britain, 1701 Numismatics Reg. No: NU 607

Summary:
Gold coin: Denomination: 5 Guineas
Tower Mint, London
King William III (1694-1702)

For reasons of politics Mary, daughter of James II, had married William of Orange, Charles II nephew and left England to live with him. On the death of Charles his brother James became King 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. It remained at that value until 1717 when it was reduced again to its final value of 21 shillings.

The year 1701 was the last in which a 5 guinea piece was struck in William's name, he died early the next year after falling from his horse.

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.
Acquisition Information:
Transfer from National Gallery of Victoria (NGV), 1976
Discipline: Numismatics
Dimensions: 39 mm (Diameter)
Weight: 41.748 g (Weight)

More information

Themes this item is part of: Royal Mint, London, Royal Mint, Tower Hill, 1809-1975, Early History of London Mints, to 1300, The Royal Mint, Numismatics & Philately Collection
Primary Classification: COINS
Secondary Classification: Great Britain
Tertiary Classification: working strikes
Series: England
DateEra: 1701 AD
Denomination: 5 Guineas
Obverse Description: Laureate head of William III right; around, GVLIELMVS . III . DEI . GRA.
Reverse Description: 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 1701, the date being divided by the crown above the English arms.
Edge Description: In raised lettering, +..+ DECVS . ET . TVTAMEN . ANNO . REGNI . DECIMO . TERTIO
Shape: Round
Material: Gold
Issued By: King William III, England, Great Britain, 1701
Mint: Royal Mint, London, London, England, Great Britain, 1701

The Royal Mint was in the Tower of London at the time this coin was struck and is usually referred to as the Tower Mint
Artist: John Croker - Royal Mint, London
Bibliography:
  1. [Book], Philip Skingley - Spink & Sons Ltd., Coins of England and the United Kingdom, Spink & Son Ltd., London, 2007, Spink 3456 Pages

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