1/4 Ryal - Edward IV 1st reign, Light coinage

Edward IV's Light coinage of 1464 reduced the gold standard that had held since Edward III, dropping the noble from 120 grains to 108 — a deliberate response to the chronic bullion shortage that had strangled English minting for decades. The quarter ryal, sometimes called the "rose ryal" quarter in later references, was struck in very limited quantities throughout the 1467–69 window, making survivors genuinely scarce relative to the larger denominations of the same issue.

North 1560 is rarely found without some weakness at the inner beading, a consequence of the shallow die preparation common to this denomination specifically.