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June 1, 2023June 1, 2023 justinrobinson Coin History, Shipwrecks

The Treasure from the SS City of Cairo

In 2013, Deep Ocean Search Ltd, a British-led team, successfully retrieved £34 million of silver coins from a shipwreck in the South Atlantic ocean. Working at a depth of 3.2 miles, the operation set the world record for the deepest salvage of cargo in history. When the news was made public in 2015, it was widely reported that the recovered coins had all been melted down. But in reality, a small number were saved from the melting-pot. Collectors now have a once-in-a-lifetime opportunity to own treasure from this record-breaking operation and hold history in their hands.

On a cold November evening in 1942, the SS City of Cairo, a British passenger steamship travelling from India to the UK, was torpedoed and sunk by a German U-Boat in the middle of the South Atlantic. At the time of her sinking, few people knew that she was carrying top-secret cargo. A huge consignment of silver coins, which had circulated for decades through British India, was being transported to Britain to be melted down for their high silver content.

As men, women and children struggled in the water, the U-boat that had sunk them surfaced alongside them. Commander Karl-Frederich Merten informed them that the nearest land was the small island of Saint Helena, 480 miles to the north-northeast. Privately, he considered their chances of reaching land or being rescued at sea to be almost zero, and U-boats were forbidden from attempting to rescue civilians on enemy ships. Merten concluded the conversation by saying, “Goodnight. Sorry for sinking you”, and then sailed away into the night.

With no distress signal having reached the mainland, meagre rations and only one sextant to navigate their course, the prospects for the 296 survivors huddled together in six damaged and overcrowded lifeboats looked bleak. Yet astonishingly, people were rescued from all six lifeboats. Four lifeboats were picked up after spending thirteen days in the shark-infested waters. Sadly, rescue came too late for many in the two remaining boats. A German vessel picked up three survivors after 36 days, though one later died of her injuries. The last lifeboat remained at sea for 52 days before it was spotted off the coast of Brazil. By that time, only two occupants were still alive.

Of the 302 people who sailed on the last voyage, six were lost on the night of the sinking. Sadly, 93 more would perish in the lifeboats as they waited for rescue, and a further eight would die shortly after being rescued. Against all expectations, 195 men, women and children survived their ordeal and made it safely back onto dry land.

For nearly seventy years, the wreck of the SS City of Cairo and her top secret cargo lay undisturbed on the ocean floor. Then, in November 2011, a company called Deep Ocean Search Ltd began searching for the ship, having been authorised by the UK Ministry of Transport to recover the silver coins on board.

The plan to search for the ship and salvage her lost treasure was the brainchild of deep-sea salvage pioneer John Kingsford, who set up the company. In 1984, he read an account of the sinking by one of the survivors, the ship’s surgeon, Dr Douglas Quantrill, who described seeing boxes of silver coins after the torpedo had blown off the hatches in hold number four.

Secret government papers confirmed that the ship had been carrying silver on her last voyage. A despatch from Embarkation Bombay to the War Office established that she left Bombay (now Mumbai) with 2,182 boxes of silver coins weighing 122 tonnes. DOS researchers scoured key documents about the sinking as they became publicly available. Military records from both sides provided details of how the ship had sunk and the likely location of the wreck.

The scale of the challenge facing the team was formidable. The ship’s last recorded position was about 1,000 miles off the coast of West Africa, where the weather, swell, and currents are extremely changeable. Furthermore, there were contradictions between the last known positions of the ship given by the U-boat and the ship’s officers. It meant that the team, which included twenty French oceanographers, would have to search an area of the ocean floor that was around twice the size of London.

A salvage operation at a depth of over five kilometres had never been successfully accomplished before. Nonetheless, Kingsford believed it was possible and signed a contract with the British Government authorising him to search and retrieve the lost silver treasure.

Deep Ocean Search took the survey and salvage vessel John Lethbridge, equipped with sonar and robotics, to the target area and began scanning the seabed for signs of the wreck. On board was a remotely operated underwater vehicle (ROV) capable of working in extreme depths and 11,000 meters of sonar cable which tethered it to the ship. It was slow and laborious work. The ocean floor was littered with rocks and canyons, and the team watched the monitor screen intently as the ROV sent back video. It would take a highly experienced eye to spot a man-made object amongst all the naturally occurring features.

After several weeks of scanning, the team identified a small target that didn’t appear to be a natural occurrence. Kingsford was initially unconvinced that it was the SS City of Cairo because it didn’t correspond to his expectations of how the wreck should look. However, he trusted his team’s view that the seabed looked disturbed, and the curious anomaly was deemed worthy of further investigation. Closer inspection revealed that it was indeed a shipwreck that had broken into two parts and was partially buried in the silt and mud on the ocean floor. But was this the ship they were looking for?

Images of the wreck site revealed no visible name or builder’s plaque to identify it. So, the team had to analyse photographs and plans of the SS City of Cairo to determine that they had found their target. Eventually, after six frustrating hours, they were able to make a positive identification using the ship’s porthole formation. Then, to confirm their discovery, they saw silver rupees struck with the portraits of British monarchs in hold number four, where they had laid undisturbed for 69 years.

_{Silver coins from the SS City of Cairo wreck}

The ship had come to rest at a depth of 5,150 metres (nearly 17,000 feet) which meant that any successful recovery of coins from the site would enter the record books as the deepest salvage of cargo from a shipwreck. By comparison, the RMS Titanic lies at a depth of 3,800 metres (12,500 feet).

Working remotely 3.2 miles beneath the waterline, Kingsford’s team overcame huge technical and logistical challenges to bring almost 100 tons of the silver coins to the surface. The operation took eight months, finally reaching completion in September 2013. Before leaving the wreck for the last time, the ROV left a plaque honouring those who had died. It read,

“We came here with respect.”

The recovered coins worth £34 million were handed over to the UK Treasury as per their contracted agreement, and Deep Ocean Search received a share of the sale. When the British authorities permitted the news to be made public in 2015, it was widely reported that all of the silver rupees had been melted down.

However, that wasn’t entirely accurate.

When the momentous news broke that silver rupees had been recovered from the SS City of Cairo wreck, the Samlerhuset Group began a six-year quest of their own to rescue some of the coins for collectors before they all went into the melting pot. Realising that their customers would welcome the opportunity to own treasure recovered from the deepest cargo salvage in history, the European coin company approached Deep Ocean Search and asked to purchase a batch of the coins.

Their persistence eventually paid off. Almost 22,000 Indian rupees from the record-breaking salvage operation have now been professionally conserved by industry experts, giving international collectors a once-in-a-lifetime opportunity to own these salvaged coins and hold history in their hands.

_{Coins recovered from the SS City of Cairo}

Speaking about the sale, John Kingsford said,

“It is our wish that the history and amazing story of the SS City of Cairo continues to live on through the silver coins that survived her tremendous ordeal. We are delighted to confirm that the last surviving coins from her treasure have been saved from being smelted and have been professionally restored and made available to collectors worldwide.”

_{An Edward VII silver rupee recovered from the SS City of Cairo}

The operation to recover the coins from a depth of over five kilometres will forever stand as a triumph of human engineering, ingenuity, and skill. Furthermore, each salvaged coin from the top-secret cargo provides a tangible connection with the people who used them in British India and who unknowingly travelled with them on the final voyage of the SS City of Cairo.

April 14, 2022April 14, 2022 justinrobinson Ancient Greece & Rome, Coin History

Roman Britannia

History does not record the name of the engraver who first depicted Britannia on coins. She appeared for the first time during the reign of Emperor Hadrian (117-138 AD), and is presented as a rather forlorn figure, with one hand resting on her chin as if she is contemplating her fate under Roman occupation. In some coins she appears to be wearing a rainproof, hooded woollen cloak known as a birrus Brittanicus, which was popular amongst native Britons to protect them from the inclement weather. Britannia sits with her foot on a pile of rocks, holding a spear and with a large spiked shield at her side.

_{Britannia, depicted during the reign of the Emperor Hadrian.}

Hadrian is, of course, best remembered for building the impressive 73 mile stone wall across the north of England, which ran from coast to coast and marked the northwest frontier of his Empire. Perhaps this is what Britannia is guarding on the coin, ready to repel any invaders who try to breach the defences.

Hadrian’s decision to depict Britain as a female warrior may have been inspired by events that took place in Britain fifty-six years before his reign began. In 60-61 AD, Rome was left reeling from a series of devastating attacks that killed many thousands of their citizens living in this remote outpost of the Empire. The uprising was led by Queen Boudica of the Iceni tribe, who achieved what the Romans had thought impossible and united previously warring Celtic tribes against their common enemy.

_{Statue of Queen Boudica in London – © Anhad Arora}

Under her command, the Celts fought with a ferocity that took the occupiers completely by surprise and had burned down the thriving cities of Colchester, London and Saint Albans before the Romans could assemble a sufficient number of soldiers to crush their revolt.

During the final battle, it was reported that Queen Boudica drove her war chariot between the tribes shouting encouragement and spurring them on. When all hope of victory was lost, legend has it that she took poison rather than be captured. Her inspirational leadership, daring to challenge the might of the Emperor and refusal to take prisoners or become one herself earned her the respect of Rome, who considered her a worthy adversary, made all the more remarkable because she was also a woman.

Looking again at Hadrian’s coin, it is not a great stretch of the imagination to see Britannia seated next to the large wheel of a sythed war chariot, which Queen Boudica is believed to have driven.

_{Queen Boudica in her war chariot with her daughters}

A similar design appeared on coins issued by Hadrian’s successor, Antoninus Pius (138-161 AD) who, unlike Hadrian, never visited Britain. His army successfully pressed further north and built the 39 mile long Antonine Wal. It spans what is today known as the Central Belt of Scotland between the Firth of Clyde to the Firth of Forth. Constructed primarily in turf and timber, the Antonine Wall took about twelve years to complete and was abandoned after only eight years.

On some coins, Britannia is depicted holding a Roman military standard alongside her spear. This arguably reflects the Emperor’s pride in securing this remote region of his empire for the glory of Rome.

_{Britannia holding a shield and Roman military standard on a coin issued under Antonius Pius}

Britannia continued to appear intermittently on Roman coins throughout the Roman occupation of Britain. During the reign of Commodus (177-192AD), she was depicted standing with a sword in one hand and a helmet in the other. However, after the Romans withdrew from Britain at the beginning of the fifth century, it would be more than a millennium before she would appear on a coin again.

April 12, 2022April 12, 2022 justinrobinson British Coins, Coin History

Britannia Returns!

In 1661, King Charles II invited three Dutch brothers to move to London to join the Royal Mint as engravers. Their father, Philip Roettiers, a goldsmith in Antwerp, had loaned money to Charles during his time in exile and had been promised employment for his sons when the monarchy was restored. The royal invitation announcing the appointment of John, Joseph and Philip Roettiers stated that they were to be employed on account of the King’s long experience of their great skill and knowledge “in the arts of graveing and cutting in stone”.

Though it would appear that the appointment was made to return a favour, there is no doubt that all three brothers were extremely talented engravers. Within a year of arriving in London, John Roettiers (1631–1703) had been appointed one of the mint’s chief engravers and entrusted with the task of preparing the nation’s coinage. His younger brother Joseph, who acted as his principal assistant, later became engraver-general of the French mint in 1682. Their youngest brother, Philip, became engraver-general of the mint of the King of Spain in the Low Countries.

John Roettiers quickly acquired a reputation as one of the finest engravers ever employed at the mint. In 1666, the diarist Samuel Pepys visited him at his studio in the Tower of London, where he saw “some of the finest pieces of work, in embossed work, that ever I did see in my life, for fineness and smallness of the images thereon.” Pepys was so impressed that he resolved to take his wife to see them (Diary, 26 March 1666).

In addition to designing coins, Roettiers produced a new great seal of the kingdom of Great Britain and a large number of important medals. One commemorated the Peace of Breda, which marked the end of the second Anglo-Dutch War in 1667. The large (56mm diameter) medal was struck in gold, silver and bronze, and the obverse was a portrait of the King, wearing a laurel wreath in his long hair. For the reverse design, Roettiers drew inspiration from an ancient coin, first struck during the reign of Emperor Hadrian during the Roman occupation of Britain in the second century.

That design depicted Britannia, the female personification of Britain, dressed in flowing robes and seated by rocks, with a shield in one arm and a large shield at her side. On the Roman coin, she rested her chin on one hand as if contemplating her fate under occupation. Roettiers gave her an olive branch to hold instead, to convey her desire for peace. She continues to hold a spear, and Roettiers emblazoned her shield with the Flag of Great Britain to symbolise the union of England and Scotland. Her proud gaze is fixed on a British Royal Navy ship as it sails out to sea to join others in the fleet on the horizon. The inscription can be translated as, “By the favour of God”.

_{The Peace of Breda Medal by John Roettiers, 1667}

According to Pepys, Roettiers modelled his Britannia on Frances Teresa Stewart, the Queen’s lady in waiting, who became the Duchess of Richmond later that year. If correct, it was an inspired choice by the artist to secure royal approval for his work. When the sixteen-year-old Frances arrived at the royal court in 1661, she quickly attracted the attention of the King, who doted on her and tried unsuccessfully to make her his mistress. When Pepys saw her in the flesh, he described her as the greatest beauty he had ever seen and was in no doubt when he saw the medal that she had been the artist’s muse.

“At my goldsmith’s did observe the King’s new medall, where, in little, there is Mrs. Steward’s (sic) face as well done as ever I saw anything in my whole life, I think: and a pretty thing it is, that he should choose her face to represent Britannia by.”
Pepys Diary, 25 February 1667

_{Frances Teresa Stuart, believed to have been the inspiration for Roettiers’ Britannia}

The medal was a little premature in celebrating the end of the Anglo-Dutch War. Four months after Pepys had marveled at the design,a flotilla of Dutch ships brazenly sailed up the River Medway near Rochester to launch a devastating attack on the English navy in their home port. Thirteen English ships were destroyed by fire, and the Dutch captured and towed away HMS Unity and HMS Royal Charles, considered the pride of the English fleet. The war finally came to an end in July 1667 with the signing of the Treaty of Breda.

Roettiers design of Britannia was so well received that he was asked to adapt it for the reverse of the first copper halfpennies and farthings issued from 1672. It marked the return of Britannia on coins after an absence of more than a millennia. The transition to the smaller surface area meant that the artist had to simplify his design considerably. The maritime setting was lost, along with the ships under Britannia’s watchful gaze. The coins depict her with the Union Flag emblazoned shield at her side, an olive branch in one hand and a spear in the other.

_{The Charles II halfpenny from 1672 marked the return of Britannia on the nation’s coinage}

Roettiers reputation continued to grow. The diarist John Evelyn described him as “that excellent graver … who emulates even the ancients in both metal and stone” (Diary, 20 July 1678). However, in later life, his Catholic sympathies led to him being removed from the engravers house at the Tower of London. In 1696, a House of Commons committee reported that, as a violent papist, he was unfit to remain as custodian of the dies, and he was forced to seek lodgings elsewhere for the last years of his life. When he died in 1703, permission was granted for him to be buried in the Tower that had been his home for thirty-five years.

The inspired decision to return Britannia to the nation’s coinage began an ongoing tradition of depicting her on British coins of the realm. Roettiers design would continue to appear on copper coins until 1775.

April 11, 2022April 28, 2022 justinrobinson British Coins, Coin History

Full Steam Ahead! Britain’s Cartwheel Coins

The Industrial Revolution, which began in the middle of the eighteenth century, transformed Great Britain’s need for money. People living off the land in rural regions of the country had always been largely self-sufficient. They grew their own food, made their own clothes and bartered with their neighbours for everything else. However, as more and more people streamed into the new urban areas looking for work in the factories, so the need for good quality money to pay their wages became acute.

An official examination of coins in circulation in 1786 confirmed that the nation’s coinage was in a shocking state; badly worn, barely legible, underweight and mostly fake. It was determined that only about eight per cent of ‘halfpennies’ in circulation were genuine, and coins were often so badly worn that it was impossible to discern whether they were foreign, counterfeits or decades old. A population explosion between 1750 and 1800 did not help matters, putting additional pressure on the already inadequate coinage. Genuine coins were often hoarded, with the fakes spent first, thereby proving Gresham’s Law that “bad money drives out good”.

Matthew Boulton (1728 – 1809) was one of the founding fathers of the Industrial Revolution. Together with his business partner, the Scottish inventor James Watt, they developed and championed steam engine technology which powered the new factories and introduced a new era of transportation via the railways.

_{Matthew Boulton and James Watt appear together on the UK £50 note}

The Royal Mint responded to the crisis by effectively shutting down and producing no copper coins at all between 1775 and 1821. It was left to others to come up with a solution to the problem of inadequate coinage. Some enterprising business owners began making copper tokens, which could be redeemed by their employees in company shops. Unlike coins, tokens did not require the value of the metal to match the face value of the coin, and so they could be struck in large quantities at little cost. Provided the tokens did not resemble official coins, they were also completely legal to produce.

In 1788 Boulton installed a set of steam-driven coin presses at his Soho Manufactory in Handsworth, Birmingham. Each was made to his patented specifications and could strike up to 84 coins per minute. Boulton had shares in several Cornish copper mines, which gave him access to large quantities of the metal when the mines could not sell it elsewhere.

In addition to producing copper tokens and medals, the Soho Mint also signed lucrative contracts to strike coins for India, Sierra Leone and Russia. They also produced high-quality coin blanks for mints around the world to strike into coins. Over twenty million blanks were produced for the US Mint in Philadelphia, where Mint Director Elias Boudinot described them as “perfect and beautifully polished”.

Despite these successes, Boulton’s attempts to persuade the Treasury to let him use his pioneering steam-powered technology to strike new British copper coins repeatedly fell on deaf ears. He championed his machines at every opportunity, declaring that;

“(they) will coin much faster, with greater ease, with fewer persons, for less expense, and more beautiful than any other machinery ever used for coining … It strikes the pieces perfectly round, all of equal diameter, and exactly concentric with the edge, which cannot be done by any other machinery now in use.”
Matthew Boulton

On 14th April 1789, Boulton wrote to the Treasury to complain that two-thirds of the halfpennies he received in his change as he travelled around the country were counterfeit. He offered to produce new copper coins at half the cost incurred by the Mint, but his offer was ignored.

Boulton continued to pester the Treasury for the next eight years until he was awarded a contract to strike copper pennies and two pennies. They had to weigh one and two ounces respectively, so that the costs of the metal and production would match the denominational value. The Treasury hoped that this would restore the public’s confidence in the currency by making them uneconomical to counterfeit. This would encourage people to reject fake coins when they received them in their change.

Boulton’s 1797 dated copper coins were unlike anything people had seen before. The first coins to be struck using steam power were by far the largest and heaviest coins ever to circulate in Britain, with the penny weighing in at one ounce (28.3g) and measuring 36mm in diameter. The two penny weighed two ounces (56.7g) and had a diameter of 41mm. Both coins featured the same design by the Soho Mint’s sole artist and engraver, Conrad Heinrich Küchler (c.1740-1810).

In addition to creating a new portrait of the King for the obverse, Küchler, a German immigrant, also presented a new maritime interpretation of the female personification of Britain. Britannia now sits on an island surrounded by water to convey Britain’s supremacy of the seas.

To reinforce the maritime theme, Küchler removed the spear that Britannia had carried since her first appearance on coins struck during the reign of the Emperor Hadrian during the Roman occupation of Britain in the second century. In its place, he gave her a trident, like the one wielded by Neptune, the god of the sea. In her other hand, she holds out an olive branch as a symbol of peace. To complete the design, a ship sails by on the horizon to symbolise Britain’s naval dominance. The ship is believed to represent a warship, with its gun ports visible. The small mint mark of the Soho Mint (the word ‘SOHO’) can be seen in the rock below Britannia’s shield.

The ship and the ‘SOHO’ mint mark that appear in the Britannia design

The new coins marked the first time that Britannia had appeared on the penny and two pence. Both denominations were struck with tremendous accuracy to a very high-quality standard. To further frustrate the counterfeiters, each coin had a broad raised rim on each side with letters and numbers stamped into it, which earned them the nickname ‘cartwheels’. Although fraudsters did try to imitate the coin, their efforts were largely unsuccessful. However, once the novelty had worn off, people began to appreciate just how impractical they were in their pockets and purses.

Eventually, the widespread use of lightweight copper tokens convinced the Treasury that the public would accept and even prefer coins with a face value above the cost of the metal made to produce them. When more copper pennies were required in 1806, Boulton was permitted to make them smaller and lighter. Küchler’s maritime Britannia later appeared on copper farthings, and halfpennies struck at Boulton’s Soho Mint in 1799 and again in 1806.

Matthew Boulton provided Britain with a supply of reliable copper coinage for the first time and ably demonstrated that his new steam-powered technology could produce coins of exceptional quality and accuracy in large numbers at a relatively low cost. After he died in 1809, his colleague paid tribute to his business partner in a eulogy, declaring;

“Had Mr. Boulton done nothing more in the world than he has accomplished in improving the coinage, his name would deserve to be immortalised.”
James Watt

By the time new copper coins were required in 1821, the Royal Mint in London was ready and willing to produce them once again.

April 11, 2022April 11, 2022 justinrobinson British Coins, Coin History

Pistrucci’s Forgotten Coin Masterwork – The 1821 Farthing

Today, Benedetto Pistrucci is probably best remembered for his neoclassical masterwork of Saint George fighting the dragon on the British gold sovereign. The design has been popular ever since it first appeared in 1817, and is still struck on sovereigns today. However, his second great coin design, created for Britain’s lowest value coin, the farthing, in 1821, has been largely forgotten today. This might be due to the fact that the design was only struck for five short years before it was unceremoniously dropped after the artist suffered a spectacular fall from grace.

The design is of a striking young woman, wearing a long flowing robe and the battle helmet of an ancient warrior. Armed with a trident and a shield emblazoned with the Union flag, she looks out to sea with a proud and focused gaze, as if scanning the horizon for signs of danger and ready to defend her land from invasion. Her name is Britannia, and she is the female personification of Britain.

Britannia was already an established figure on British coins when Pistrucci decided to give her a radical makeover. She first appeared on Roman coins during the reign of the Emperor Hadrian in the second century. The unknown engraver depicted her in long flowing robes and carrying a spear with a large shield at her side. However, after the Romans left Britain, Britannia did not return to the coinage until 1672, when the Dutch artist John Roettiers emblazoned her shield with the Union Flag to symbolise the unity of the Kingdom. More than a century later, in 1797, the German engraver Conrad Heinrich Küchler incorporated a maritime theme into the design, replacing Britannia’s shield with a trident and placing her on an island surrounded by water to convey Britain’s supremacy of the seas.

Born in Rome, Pistrucci quickly acquired a reputation as the finest engraver of his age. Shortly after arriving in London in 1816, he was commissioned to design new coins of the realm. The Italian artist had a passion for classical art, and it was said that he liked to “study Greek originals day and night”. In 1817 he crafted a depiction of Saint George and the dragon for the new gold sovereign and gave England’s patron saint the plumed helmet of an ancient Greek warrior. Four years later, he was inspired to give Britannia the same battle helmet on the humble farthing, which was Britain’s lowest value coin.

Pistrucci may have been inspired to make this radical change to Britannia’s appearance by a popular eighteenth-century painting of the Celtic warrior Queen Boudica by the artist John Opie, who anachronistically depicted her wearing this plumed headgear. It is also possible that he was inspired by artistic depictions of the Pallas, a Titan god in Greek mythology. Pallas appears as a robed female figure with a plumed helmet and shield on several medals, including the medal struck for the coronation of Queen Anne.

_{“Boadicea Haranguing the Britons” by John Opie (1761–1807)}

Britannia’s striking new appearance on coins arguably transformed her in the public consciousness from a remote, ethereal observer into the strong warrior Queen and protector of the realm. Pistrucci also depicted her on the reverse of his bronze Coronation Medal struck in 1821. This design shows the new King, George IV, crowned by the winged figure of victory, while the female personifications of the British realms, namely Britannia, Scotia and Hibernia, all swear allegiance to him.

_{George IV Coronation Medal by Pistrucci}

Today, one only has to visit the Italian Mint museum in Rome, which holds the world’s largest archive of Pistrucci’s work, to see that the pairing of an ancient Greek battle helmet with the head of a beautiful young woman was a subject that fascinated him.

_{From the Pistrucci archive at the Italian Mint Museum in Rome (reproduced with permission)}

Another remarkable feature of Pistrucci’s 1821 farthing is the inclusion of a lion at Britannia’s feet. Only the head and front paws are visible, and position is, in heraldic terms, ‘couchant’, that is, lying down with the head raised. He appears to be watching the horizon with Britannia for signs of danger. The striking proximity of the majestic reclining lion to the seated woman is particularly effective and adds to Britannia’s mystique as the fearless protector and guardian of the British Isles.

In keeping with the maritime theme introduced by Küchler in 1797, Pistrucci retained the trident for his Britannia, but she now grasps it like a warrior, pointing it firmly outwards in a combat-ready stance. There was no room on the small farthing to depict her surrounded by water. Small waves appear under her feet to indicate that she is sitting on the shoreline and looking out to sea. Pistrucci also turned her to face the right for the first time, as if to recognise that any future threat to Britain would likely come from the East rather than the West. It would have felt like a pertinent observation, coming just six years after the Battle of Waterloo. Britannia would remain facing right on Britain’s coinage for the next 187 years, until 2008.

Sadly, Pistrucci did not have the opportunity to create a Britannia reverse for the larger copper coins, namely the penny and the halfpenny, which would have allowed him the opportunity to expand his design. No new copper coins were required until 1825, and by that time, Pistrucci was no longer employed as a coin engraver after suffering a spectacular fall from grace.

King George IV was unhappy with the way Pistrucci had depicted him on coins as an overweight Nero with short curly hair and crowned with a laurel wreath in the Roman Imperial tradition. This neo-classical portrait was at odds with the reputation he tried to cultivate as a fashionably modern and debonair ladies’ man. He requested that the Royal Mint change his portrait, and he supplied them with a flattering marble bust of himself by the sculptor Sir Francis Chantrey to use as a model.

_{King George IV in 1821}

_{Marble bust of King George IV by Sir Francis Chantrey}

Pistrucci was outraged, claiming that copying the work of another artist would violate his artistic integrity. When the King helpfully sent an equally flattering painting of himself by Sir Thomas Lawrence to inspire the artist, it is said that the volatile Italian, after being ordered by his superiors at the Mint to hang it in his studio, stubbornly turned it to face the wall.

Pistrucci’s unwillingness to give the King what he wanted would quickly see him out of royal favour and replaced as a coin engraver by an artist who would. William Wyon dutifully supplied a new portrait of the King modelled on the Chantrey bust, which met with royal approval. The designs that Pistrucci had created for Britain’s coinage were replaced, and he would not live to see his work appear on coins again.

Wyon became the first English artist to depict Britannia on circulating coins. His depiction of Britannia is elegant and well proportioned, but when viewed alongside Pistrucci’s farthing, she arguably lacks the regal bearing and poise of that short-lived design, which was dropped from the farthing in 1826.

Noticeably absent from Wyon’s redesign is the lion that Pistrucci had placed at Britannia’s side and the olive branch she carried as a symbol of peace. But he did choose to retain the battle helmet that Pistrucci had given her. By doing so, he ensured that this would form part of Britannia’s distinctive identity to this day.

A right-facing Britannia continued to appear on British coins throughout the nineteenth and twentieth centuries. In 1968, the artist Christopher Ironside chose to reunite Britannia with the lion on the reverse of the new decimal Fifty Pence. Since 2015 she has appeared on the £2 coin, designed by Anthony Dufort. She still wears the battle helmet of an ancient warrior, just as she did for the first time on Pistrucci’s farthing in 1821.

_{Christopher Ironside reunited Britannia with the Lion in 1968}

Because Pistrucci’s iconic depiction of Britannia appeared for just five years on Britain’s lowest value coin, his contribution to creating such an enduring symbol of Britain has been largely overlooked today. Unlike his Saint George and the dragon, which continues to be struck on gold sovereigns to this day, Pistrucci’s second great coin masterwork has, at the time of writing, never appeared on coins again.

February 15, 2022February 15, 2022 justinrobinson U.S. Coins

The most expensive coin ever sold at auction

In June 2021 a gold coin with a face value of $20 became the most expensive coin ever sold at auction when it sold for a record $18.9 million in New York. The 1933 gold double eagle is arguably the most notorious coin in the world because, with just this one exception, it is actually illegal to own one. It is therefore, quite literally, a coin that money can’t buy.

_{The 1933 gold double eagle (Picture courtesy of Sotheby’s)}

Added to its appeal is the fact that the design is a beautiful work of art. It was the brainchild of President Theodore Roosevelt, who was determined to put an end to coinage that was, in his words, “artistically of atrocious hideousness”. In January 1905 he invited the acclaimed sculptor Augustus Saint-Gaudens to a private dinner at the White House where the two men spoke enthusiastically about their love of the high-relief coins of ancient Greece.

The President asked the artist to design the gold double eagle, and Saint-Gaudens depicted a standing Liberty with a torch representing enlightenment in one hand and an olive branch symbolising peace in the other. Behind her is the Capitol building and rays of sunlight symbolising a new dawn. The name ‘LIBERTY’ appears above her head and the year of issue at her side. The reverse shows a side view of a majestic eagle in flight with the rays of the rising sun behind it. Above the eagle is the inscription ‘UNITED STATES OF AMERICA TWENTY DOLLARS’ and below it the motto ‘IN GOD WE TRUST’ which the public demanded to be added after Saint-Gaudens left it off his original high-relief version in 1907. A low-relief version was issued into circulation from 1907 to 1932.

It is ironic that the first President Roosevelt helped to create the beautiful double eagle, while the second President Roosevelt made it illegal to own one. In April 1933, President Franklin Roosevelt took radical action to stabilize the economy following the Great Depression by taking America off the gold standard. Gold was withdrawn from circulation and people were ordered to hand in any gold coins and bullion that they owned. The Mint had already struck 445,000 double eagles dated 1933. None went into circulation. Two were sent to the Smithsonian Museum and the rest were believed to have been melted down in 1937.

However, it soon transpired that a small number of 1933 dated double eagle coins had been illegally removed from the Mint. In early 1944 a Philadelphia coin dealer named Israel Switt sold ten to individual collectors. Treasury officials were alerted and tracked down the new owners to reclaim their stolen property. They retrieved nine, which were destroyed and no compensation was offered to Switt’s unlucky customers. However, they were too late to stop one from leaving the country bound for King Farouk of Egypt because it had been granted an export licence in error.

Unwilling to cause a diplomatic incident by demanding the return of a coin that had been granted an official export licence, the U.S. Government waited until the Egyptian king was overthrown in 1952 before they attempted to retrieve it. However, by then it had gone missing, and it did not resurface until 1995 when a London coin dealer Stephen Fenton brought it to New York to sell to a private collector. The prospective purchaser turned out to be a government agent, and the coin was seized. A long legal battle followed. In court, Fenton argued that the Government had provided written permission for the coin to be sold when they granted the export licence in 1944.

In 2001 the courts ruled that the coin should be sold at auction with the profits split between Fenton and the Government. This particular specimen was declared legal tender, and the winning bidder had to pay a fee of $20 for its face value along with their winning bid of $6.6 million. Together with the auctioneer’s fee, this added up to a total sale price $7.6 million.

Twenty years later, the coin was sold for $18.9 million by Sotheby’s in New York, making it the most expensive coin ever sold at auction. As a result of the official export licence granted in error, it remains the only 1933 double eagle that can be legally owned by a private individual.

There is a further twist to the tale. In 2003, Israel Switt’s grandson Roy Langbord found a safe deposit box that had belonged to his grandfather, which hadn’t been opened for fifty years. Inside he found a large number of gold coins, including another ten 1933 double eagles. When Langbord asked the Mint to authenticate them, they were promptly confiscated, and so he sued the government demanding their return.

Following a lengthy legal battle and appeals process, the court ruled that the coins were the property of the U.S. Government. The Langbord family appealed to the Supreme Court but in April 2017 they declined to reopen the case. Today, the ten double eagles reside in a secure government facility, most likely Fort Knox, while their ultimate fate is determined.

_{The ten 1933 Double Eagles are now the property of the US Government}

November 30, 2021November 30, 2021 justinrobinson Coin History, U.S. Coins

The 1792 Birch Cent

On the evening of 9^th July 1792, two of America’s founding fathers, George Washington and Thomas Jefferson arrived at the home of a man called John Harper on Sixth and Cherry Street in Philadelphia. With them was David Rittenhouse, appointed by President Washington just nine days earlier as the first Director of the United States Mint. Land for the new mint had already been identified on Seventh Street, and Rittenhouse would lay the cornerstone for the new building later that month. However, the coin presses that had been ordered from England wouldn’t arrive until September, and so the first coins wouldn’t be struck at the new premises until December. No one wanted to wait that long to see what the first official coins produced at the US Mint would look like.

John Harper, a saw maker from New Jersey, kept a screw press in his cellar designed by Mint employee Adam Eckfeldt, who would go on to build other machinery for the Mint and help to oversee the production of the early coins. Harper agreed to allow his cellar to become the temporary home of the US Mint so that the first official coins could be struck there in a range of metals, sizes and designs to test what worked and what didn’t. Earlier that day the President had sent Rittenhouse an instruction authorising him to strike dimes (originally spelt ‘dismes’), half dimes and cents. Now, the men eagerly crowded into the cellar to watch as history was made.

The U.S. Congress had passed its first Coinage Act three months earlier on 2nd April 1792, authorising the creation of the official Mint in Philadelphia to strike the coins of the United States. Secretary of the Treasury Alexander Hamilton defined the United States dollar as a unit of pure of silver weighing precisely the same as the Spanish dollar, which was already in common use. The new Act made the silver dollar the legal tender of the country and created a decimal system for US currency.

The first draft of the Act stipulated that all coins would depict a portrait of the president on the obverse. However, by the final version, the requirement had changed to a depiction of liberty, as well as the word ‘LIBERTY’. Engravers were contracted to begin designing and preparing dies for the new coins, even before there was a mint to strike them. Some of these tools may have been produced in England, and sadly little is known about the artists who designed the early test pieces.

We know that the portrait of Liberty that appeared on the copper cent was engraved by an artist called Birch because he helpfully put his name on her shoulder above the date 1792. Surviving mint records list his name as “Bob Birch”, and it appears that he was privately commissioned in 1792 because his name doesn’t appear in the official list of mint employees. It has long been believed that he was from England, but the absence of any tangible information about a Bob (or Robert) Birch allows for the speculation that the artist may have been William Birch (1755-1834), a noted British engraver and painter of miniature enamels. Born in Warwick, Birch exhibited his tiny portraits at the Royal Academy and emigrated to Philadelphia in 1794 after attracting wealthy patrons on both sides of the Atlantic, including President Washington himself. In Britain, a ‘bob’ was a popular slang expression for a shilling, so the name listed in the mint records may have been the artist’s nickname.

_{An engraving of Philadelphia in 1800 by William Birch}

The design of the first official cent produced in the United States depicts a flowing haired Liberty with the inscription ‘LIBERTY PARENT OF SCIENCE AND INDUSTRY’ and the year of issue, ‘1792’. On the reverse, there is a decorated laurel wreath around the denomination ‘ONE CENT’ with the words’ UNITED STATES OF AMERICA’. There is also the fraction ‘1/100’ which shows the origin of the word ‘cent’ as the coin is literally one per cent of a dollar. An earlier version of the design bore the inscription ‘G.W.PT’ (George Washington, President) instead of the fraction but this was probably changed because Washington objected to having his image or a reference to him on a coin.

_{Washington, Jefferson, Rittenhouse and Eckfeldt inspect the first US coins struck}

It would appear that only a small handful of cents bearing the Birch design were minted in John Harper’s cellar that day, which accounts for their extreme rarity. The fact that they may have been struck in the presence of Washington and Jefferson makes them even more valuable and among the most popular of all the prototype (or pattern) coins ever produced by the US Mint.

Of the ten specimens that are thought to exist, one sold at auction in 2015 for nearly $2.6 million. When asked why he had paid so much for a cent, the delighted new owner explained that “the history is important. This is our earliest depiction of what we thought of ourselves as a nation.”

October 5, 2021 justinrobinson Coin History, U.S. Coins

The Brasher Doubloon

New York was the capital of the United States from 1785 until 1790. During the late eighteenth century, one of the most fashionable locations in the city was Cherry Hill, which lies just north of the Brooklyn Bridge today. Cherry Street was the home of Ephraim Brasher (1744-1828), a distinguished goldsmith and silversmith. Brasher regulated precious metal coins for the bank, carefully checking their fineness and weight, and stamping them with his oval-shaped hallmark containing his initials’ EB’ if they met the correct standards. His hallmark became a guarantee of quality, enabling bank clerks to accept coins without checking their weight. Several examples of foreign gold have been discovered counter stamped with his quality mark.

_{George Washington enters New York City in 1783}

On 12th February 1787, Brasher and a silversmith and sword maker called John Bailey requested franchises to produce copper coins for the state of New York. We don’t know whether this was a joint application, or if both men just happened to submit the requests on the same day. But their applications were denied because New York decided not to mint copper coins. Shortly afterwards, Basher designed and struck some sample coins to demonstrate his ability. A few were struck as gold doubloons using a letter punch that Bailey had used to strike copper coins in New Jersey. It would be the first gold coin made for the United States of America.

_{A silver coffeepot produced by Brasher}

_{Brasher’s hallmark on the bottom of the coffeepot}

The doubloon (Spanish for double) was the name given to the Two Escudo gold coin that was minted throughout the Americas as well as in Spain with the gold they received from the New World. The Spanish galleons transporting gold through the Caribbean and across the ocean were always vulnerable to attack from pirates seeking to relieve them of their precious cargo. As a result, no other coin in the world evokes more potent images of pirate ships and treasure maps than the doubloon.

Brasher’s doubloon depicted the Great Seal of the United States, an eagle clutching an olive branch and arrows. He also added an unusually worded version of the national motto ‘UNUM E PLURIBUS’ (One from many) together with the date 1787. After the coin was struck, Brasher counter stamped his EB hallmark onto the reverse as his personal guarantee of quality. To date, six surviving examples of the coin have been found with the stamp on the eagle’s wing and one with the stamp on the shield.

On the reverse, he depicted the coat of arms of New York, an image of the sun casting rays of light over a mountain range with the sea in the foreground. Surrounding the image is the inscription, ‘NOVA EBORACA COLUMBIA EXCELSIOR’ (New York, America, Ever Higher). Excelsior remains the state motto to this day. Brasher also added his surname underneath the image.

Brasher’s neighbour in Cherry Street was none other than George Washington, who would become the first president of the United States two years later in 1789. We know that America’s founding father approved of Brasher’s talents as a gold and silversmith, because he bought several items from him, including a set of four silver skewers in April 1790. Perhaps this explains why Brasher produced his doubloon. He was asked to do so by his neighbour. In November 1792, Brasher assayed several types of gold coins for the new federal government, and after that continued to assay gold for the US Mint.

_{George Washington’s mansion on Cherry Street.}

The value of a doubloon would fluctuate depending on the value of the gold. When Brasher struck his unique version of the coin, New York had officially established the standard that a gold doubloon was worth $15. Today, of course, it is worth considerably more. In 2011, one of Brasher’s doubloons was sold for nearly $7.4 million, which was the most money ever paid for a coin at the time.

Author Raymond Chandler immortalised the coin in popular culture when he had his fictional private-eye Philip Marlowe investigate the theft of one in his novel The High Window. In 1947 the book was adapted into a movie by 20th Century Fox called appropriately The Brasher Doubloon.

_{Movie poster for ‘The Brasher Doubloon’}

October 1, 2021February 15, 2022 justinrobinson Coin History, U.S. Coins

The 1794 Flowing Hair Dollar

The Flowing Hair silver dollar was the very first dollar issued by the United States. The Coinage Act of 2nd April, 1792, created the United States Mint and a bimetallic coinage system based on the silver dollar and the gold eagle. But there would be a delay of two years before the first dollar was struck.

The delay was caused by two reasons. The Government required a $10,000 bond from Chief Coiner Henry Voigt and Assayer Albion Cox before they could be permitted to handle precious metals. Mint Director David Rittenhouse was eventually able to persuade Secretary of State Thomas Jefferson and President George Washington to reduce the bond substantially to enable both men to pay it. There was also a national shortage of silver which meant that the Mint had to wait for private citizens or banks to supply them with raw silver or silver foreign coins so that they could strike them into silver dollars. The silver suppliers would then receive the value of the silver back in a parcel of dollars.

Silver was received from The Bank of Maryland and the Bank of North of America, and it is reported that President Washington contributed some of his silver to coin. Rittenhouse also made a sizeable deposit, and the first US dollars were struck from his silver.

The design of the first official US dollar was entrusted to the Mint’s first official Chief Engraver, Robert Scot (1745-1823). Inspired by a right-facing portrait of Liberty created by Joseph Wright for the 1793 cent, Scot depicted her with her hair flowing behind her surrounded by fifteen stars, representing the number of states in the Union at that time. Her name, ‘LIBERTY’ appears above her head and the year of issue ‘1794’ beneath. For the reverse, Scot created an eagle motif with its wings extended surrounded by a laurel wreath with the inscription ‘UNITED STATES OF AMERICA’.

_{The 1794 Flowing Hair Dollar (image courtesy of the National Numismatic Collection, National Museum of American History)}

Born (appropriately enough) in Scotland, Scot learned his craft in Edinburgh before emigrating to Virginia in 1775 where he quickly acquired a formidable reputation as a coin and medal designer. A move to Philadelphia soon followed, where it is believed that he engraved the dies for the Great Seal of the USA in 1782. In 1793 he became the first salaried Chief Engraver of the United States Mint and designed the Liberty Cap half-cent and the Flowing Hair silver dollars. In 1796 he modified the Great Seal to create the enduringly popular heraldic eagle design, a powerful symbol of the USA which has appeared on the nation’s coinage ever since.

_{The Great Seal of the United States produced in 1782}

The Mint held a special ceremony in Philadelphia on 15th October 1794 to celebrate the striking of the first silver dollar. They quickly realised that their largest coin press was not powerful enough to strike the coins evenly, which made some parts of the design appear weaker than others. Of the 2,000 coins struck, 242 were immediately rejected because the strike quality was particularly poor, either lacking the desired definition or being off centre. These coins were held back by the mint so that they could be recoined the following year.

At the end of the day, Director Rittenhouse was presented with 1,758 silver dollars to circulate as he saw fit. He sent samples to friends and acquaintances all over the country to demonstrate the capabilities of the mint. One landed on the desk of President Washington, forwarded by Secretary of State Edmund Randolph with a note that read;

“The silver coin of the U.S. bears upon its face so much neatness and simplicity, that I cannot restrain myself from transmitting a dollar for your inspection.”
Mint Director Rittenhouse

Rittenhouse arranged for a local Philadelphia firm to construct a special press capable of delivering enough force to strike the large silver dollars. It was ready to begin work in April 1795 when production of the first silver dollar design resumed.

_{The first United States Mint in Philadephia}

It has been estimated that about 125 of the 1794 dated silver dollars are known to exist today. One of the finest specimens, believed to be the coin that Director Rittenhouse kept for himself, and the first silver dollar ever struck at the US Mint was sold at auction for over $10 million in 2013. It became the most expensive coin in the world until another US coin, the 1933 Double Eagle sold at auction for $18.9 million in June 2021.

September 21, 2021February 15, 2022 justinrobinson British Coins, Monarchs

Britannia and the Princess

Edward VII was 59 years old when he became King. During his mother’s long reign, he had taken little interest in the affairs of state and had instead acquired a reputation as a notorious playboy, much to her displeasure. It was Queen Victoria’s wish that he reign under his birth name, Albert, but he chose not to do so, believing it would diminish the status of his father Prince Albert, whose name, he felt, should stand alone. The playboy prince became a beloved King, hailed as “the Peacemaker’ for strengthening ties with other countries. Like his mother, he gave his name to an era, one defined by major social change, patriotism, modernisation and new technology.

The silver florin struck during the short reign of King Edward VII is rightly hailed as an artistic triumph. The Royal Mint’s Chief Engraver Geroge William de Saulles (1862-1903) created a striking new image of Britannia for the coin to distinguish it from the silver half-crown, which had until then both carried heraldic designs.

_{The silver florin designed by de Saulles}

Unlike the traditional image of Britannia on bronze coins, in which she sits passively on the shore looking out to sea, de Saulles chose to present the female personification of Britain standing proudly on the bow of an ancient ship with her cloak billowing around her surrounded by a rough sea. Her steely gaze and defiant demeanour against the raging elements show that she is undeterred, undaunted and unafraid. One hand grips a long trident; the other firmly grasps a shield on which is displayed the Union flag. The message could not be clearer;

Rule Britannia! Britannia rule the waves

The public immediately warmed to the new Britannia, who, it was felt, accurately reflected the sense of patriotism, boldness and adventurous spirit of Edwardian Britain. Tragically, de Saulles did not have long to enjoy his success. He died the following year after a short illness at the age of 41.

To obtain the naturalistic realism he wanted for Britannia, de Saulles asked a young woman to model for him. His choice would prove to be a controversial one. Lady Susan Hicks Beach (1878-1965) was the daughter of Sir Michael Hicks Beach, Chancellor of the Exchequer and Master of the Mint. She was seventeen years old when she first modelled as Britannia for de Saulles as he designed the British trade dollar in 1895. Six years later, she did so again, as he designed the florin.

The revelation that the artist had used the daughter of his employer as his model prompted a question in the House of Commons as to whether the Royal Mint had held a competition to select the designer, as they were supposed to do. However, it would have been clear to all who knew Susan why de Saulles considered her an ideal subject. She displayed the strong independent personality and the spirit of adventure that he wanted his Britannia to convey. She had the advantage of being born into a wealthy family, which allowed her to pursue her love of travel and adventure.

A tragic love story connects de Saulles triumphant image of Britannia on the reverse of the florin and his iconic depiction of the bearded monarch on the obverse. Susan’s close friend and travelling companion was a woman who, but for a cruel twist of fate, would have become King Edward VII’s daughter-in-law and the next Queen of Great Britain.

In 1887, Princess Hélène of Orléans (1871-1951) met the Prince of Wales’ eldest son Prince Albert Victor, Duke of Clarence (1864-1892). The two fell in love, declared themselves engaged and even exchanged rings. In 1890 they visited his grandmother Queen Victoria to request her permission to marry. Seeing their devotion, she gave them her blessing but warned them that they faced a major obstacle.

Hélène was a Catholic, and as an heir to the throne, Albert Victor was forbidden by Act of Parliament to marry one. She offered to convert to Anglicanism, but her father, a pretender to the French throne, refused to allow it. In desperation, she went to Rome to appeal to Pope Leo XIII personally, but he sided with her father.

Meanwhile, Albert Victor offered to renounce his rights to the throne, confiding in a letter to his younger brother George that “I feel I could never be happy without her”. The Queen appealed on his behalf to her Prime Minister Lord Salisbury, but he insisted that the Act must be strictly applied.

To avoid a constitutional crisis, Hélène wrote to her heartbroken lover in May 1891, urging him to “do your duty as an English prince without hesitation and forget me”. Tragically, just eight months later, Albert Victor died suddenly of pneumonia, leaving his younger brother to become King George V after their father’s death in 1910.

In 1895, as Susan modelled as Britannia for the first time, Princess Hélène married Prince Emanuele Filiberto of Savoy, Second Duke of Aosta. The Prince and Princess of Wales attended the society wedding in London, reflecting no doubt that had it not been for religious intolerance and a fatal outbreak of influenza, Princess Hélène would have been their daughter-in-law and the country’s next Queen.

In November 1907, the woman who had modelled as Britannia and the princess who had nearly married the heir to the throne left Naples together and embarked upon a seven-month tour of Egypt, Sudan, the Congo, Uganda, Kenya, German East Africa, Zanzibar, Djibouti and Eritrea. They camped, trekked across inhospitable landscapes and hunted. The adventure was clearly agreeable for both ladies because they made several more foreign trips together before and after the First World War.

_{Lady Susan and Princess Hélène during their overseas adventures}

During the War, Susan went to France and served coffee on a Red Cross stall in Rouen. In 1915 her father accepted a peerage and became Earl St Aldwyn, and she became Lady Susan. Later, she served as a Justice of the Peace and district council member and helped run the family estate at Williamstrip in Gloucestershire. She never married and so retained her title for the rest of her life.

Sadly, de Saulles majestic image of Britannia on the silver florin survived only for as long as the King’s reign. Upon the death of Edward VII in 1910, the florin’s design reverted to a heraldic motif for his successor King George V.