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Research Coins: Feature Auction

Sale: CNG 64, Lot: 1629. Estimate $1500. 
Closing Date: Wednesday, 24 September 2003. 
Sold For $1800. This amount does not include the buyer’s fee.

Edward IV. First reign. 1461-1470. AV Ryal (7.62 gm). Light coinage, 1464-1470. London mint. Edward standing facing, holding sword and arms in ship, E on banner at stern, rose on hull / Rose over sun with fleurs, crowns and lions; small trefoils in spandrels, mintmark: crown. Schneider 364ff; North 1549; SCBC 1951. Nice VF. ($1500)

From the Paul McIlroy Collection.

The ryal or 'rose noble' (equivalent to 10 shillings) was introduced in 1465 after devaluation of the currency was made necessary by inequalities in the English and French valuation of bullion. The old noble was discontinued as the resulting increase in its value from 6 shillings, 8 pence to 9 shillings made it inconvenient to use.