Recoinages in medieval England

• Martin Allen ^[1]
  1. [1] University of Cambridge

     University of Cambridge

     Cambridge District, Reino Unido

     
• Localización: Revue belge de numismatique et de sigillographie, ISSN 0774-5885, Nº. 164, 2018, págs. 252-270
• Idioma: inglés
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• Resumen

  • England had a system of periodic recoinages from the 970s to the twelfth century. Dolley’s theory that the coinage was changed at pre-determined intervals and Petersson’s concept of overvaluation of each new coinage by up to one third have been superseded by more nuanced understandings of the system. Periodic recoinages were probably intended to replace all of the circulating currency, and they provided a revenue documented in Domesday Book. The periodic recoinage system was abandoned temporarily after the 1124/5 Assize of Moneyers and permanently by Henry II (1154-89). From Henry II’s reign onwards non-periodic recoinages were often officially justified by reference to a deterioration of the existing currency, with clipping or the use of foreign coins as particular issues in 1180, 1205, 1247, 1279, 1300 and 1421, but there was political opposition to recoinages and alterations of the coinage in the fourteenth and fifteenth centuries. Non-periodic recoinages increased mint outputs and pro?ts, but they only occurred at generally long intervals