Lot 2103
Great Britain. Ryal or Rose-Noble, ND. S.1951; Fr-132. Edward IV, First Reign, 1461-1470. Light coinage. Ruler in ship. Reverse: Ornamental cross. The gold noble had hardly changed in style, value or quality since the reign of Edward III and the increase in the price of gold during the 15th century resulted in a shortage of gold coins in England as they were taken to continental Europe for a profit. Eventually, during the early part of the reign of Edward IV, to stop the outflow from England, the value of all gold nobles in circulation was raised from six shillings and eight pence to eight shillings and four pence. A new coin-Rose Noble or Ryal-was introduced with a value of ten shillings. This coin was distinguished by the rose on the King's ship and a somewhat different reverse design. The London Mint Rose Nobel offered here is very high grade, with an exquisite portrait of the King. NGC graded MS-63.
Estimated Value $3,000 - 3,500.
The Cheshire Collection.
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| Realized $4,140 |
