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1 Laurel - James I 3rd coinage
| Issuer | Royal Mint (Tower of London) |
|---|---|
| Year | 1620-1624 |
| Type | Standard circulation coin |
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| Composition | Log in to see details |
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| Diameter | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
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| Reverse description | Log in to see details |
| Reverse script | Latin |
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| Mintage | ND (1620-1621) - mm Rose (33) - ND (1621-1623) - mm Thistle (125) - ND (1623-1624) - mm Lis (105) - |
| Additional information |
The laurel — named for the wreath on the obverse rather than any formal monetary decree — was introduced in 1619 as a replacement for the unite, priced at twenty shillings and intended to compete with popular continental gold of similar weight. James had spent much of his reign attempting to rationalize English coinage against European trading partners, with limited success. The third coinage itself reflects ongoing pressure from the merchant community over exchange rates with the Dutch and Spanish gold then flooding English ports.
Sp#2638A specifically denotes a bust variety within the third coinage sequence — these bust distinctions matter considerably for attribution and are frequently misidentified at auction.