1 Penny - Richard II Tower mint, Type III

Richard II's penny coinage was reorganized under the supervision of the Tower mint during a reign defined by fiscal instability and the king's increasingly erratic relationship with Parliament over taxation rights. Type III is distinguished from adjacent issues primarily by subtle changes to the lettering and crown style — differences that matter enormously for attribution but were irrelevant to the merchants and laborers handling these coins daily. The 1390s saw ongoing debasement pressure across English silver coinage as bullion supplies tightened, partly a consequence of continental monetary competition.

North 1327 covers a relatively narrow window of production before Richard's forced abdication in 1399.