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English Groat
The groat was one of the most important silver coin denominations in late medieval England;…
Timeline
- 1351Tower Mint · LondonEdward III ordered the minting of fourpenny groat silver coins, with the king's crowned portrait on the obverse and a long cross on the reverse, aiming to standardize the denomination, suppress private minting, and raise funds for the Hundred Years' War.
- 1361England · EnglandThe groat became the principal silver coin unit for everyday commerce and royal taxation in England; the London and York mints continued to strike it, and it replaced some of the small-denomination penny's settlement functions in urban and rural markets and port trade.
Sources
- English Silver Coinage from 1649 — P. A. Seaby (1985)
- Coinage in the Name of Edward III — Lord Stewartby (2009)