© Heritage Auctions
© Heritage Auctions
1 Shilling - William III 3rd bust
| Silver (.925) | 6.0 g | 25 mm |
| Issuer | England (United Kingdom, British Overseas Territories and Crown Dependencies) |
|---|---|
| King | William III (1694-1702) |
| Type | Standard circulation coin |
| Years | 1696-1698 |
| Value | 1 Shilling (1⁄20) |
| Currency | Pound sterling (1158-1970) |
| Composition | Silver (.925) |
| Weight | 6.0 g |
| Diameter | 25 mm |
| Shape | Round |
| Technique | Milled |
| Orientation | Coin alignment ↑↓ |
| Demonetized | Yes |
| Updated | 2024-10-09 |
| Numista | N#12973 |
|---|---|
| Rarity index | 75% |
Reverse
Crowned cruciform shields around central Nassau lion, divided date above, legend around.
Script: Latin
Lettering: MAG· BR·FRA· ET·HIB· REX·16 97·
Translation: King of Great Britain France and Ireland.
Comment
Third bust: This is rather like the first bust but the hair at the back all turns downwards and inwards.Third bust variety: Tie thicker, more hair below bust, more aquiline profile and coarser features.
The standard weight of this coin was 6/31 troy ounce or 92.9 grains.
Obverse die varieties:
Sp#3505, KM#497.1 (1697) Third bust, short ties, no mm.;
Sp#3506, KM#497.2 (1697) Similar, B (Bristol) below bust;
Sp#3507, KM#497.3 (1696-7) Similar, C (Chester) below bust;
Sp#3508, KM#497.4 (1696-7) Similar, E (Exeter) below bust;
Sp#3509, KM#497.5 (1697) Similar, N (Norwich) below bust;
Sp#3510, KM#497.6 (1696-7) Similar, y (York) below bust;
Sp#3511, KM#497.7 (1697-8) Third bust variety, long thin ties, no mm.;
Sp#3512, KM#497.8 (1697) Similar, B (Bristol) below bust;
Sp#3513, KM#497.9 (1697) Similar, C (Chester) below bust;
Sp#3514, KM#497.10 (1698) Similar, plumes in angles;
Interesting fact
One interesting fact about the 1 Shilling - William III (3rd bust) coin is that it was minted during a time of great economic change in England. The coin was introduced in 1696, just a year after the Great Recoinage Act of 1695, which aimed to address the issue of clipped and worn coins in circulation. The Act introduced a new coinage system based on the silver standard, with the 1 Shilling coin being one of the new denominations. This coin was made of silver (.925) and weighed 6.0 grams, making it a significant improvement over the previous coinage system. The introduction of this coin marked a turning point in England's monetary history and paved the way for the country's economic growth in the centuries that followed.
