When Did the Florin Cease to Be Legal Tender

The modified guilder from 1927 to 1936 was designed by George Kruger Gray and did not significantly change the design of shields and scepters, but removed the crowns from the shields and placed them on the scepters. A «G», the king`s initial, is at the heart of the design. The obverse was GEORGIVS V DEI GRA BRITT OMN REX[g] and the reverse was FID DEF IND IMP[h] with date and designation ONE GUILDER. The bust of the king on the obverse was slightly modified in 1927. [27] By 1914, about 70% of the double guilders issued had been withdrawn, but some remained in circulation. [63] A 1931 report for the U.S. government cited the double guilder as the only obsolete coin issue in circulation in Britain, describing it as «rarely seen.» [66] After silver was no longer minted for circulation coins in 1946, copies of the double guilder appeared in the Royal Mint`s silver recovery programs in the early 1960s. The revival of the double guilder was considered from time to time and may have reached the point of producing samples in 1950. [63] The double guilder was not demonetised when the decimalisation of the pound took place in 1971,[67] and remains legal tender for 20 pence (£0.20). [35] With the withdrawal of the guilder, the last £sd coin used daily, the decimalization process was effectively completed. In a way, as the Chancellor of the Exchequer noted in his speech at the Pyx trial in 1993, this is ironic, because when the guilder was introduced in 1849, with a value of one-tenth of a pound, it was conceived as the first step towards a decimal coin.

Half-crowns were demonetised before decimalisation, but crowns are still minted as commemorative coins worth £5 in legal tender. There was confusion between the double guilder and the crown, which gave the four-shilling coin the nickname «bartender`s grief», as they would have confused the double guilders with the larger coin. [54] With only 2 mm difference between the diameters of the double guilder and the crown, there is anecdotal evidence that some inns have lost their livelihood because of «barmaid ruins.» [2] Banker`s Magazine wrote in 1890: «Yet few people, even a few cashiers, however experienced, will easily distinguish a crown from a double guilder at a glance. We think they would have a hard time knowing exactly which piece they are dealing with unless they looked at the reverse and saw if the knight and the dragon [the crown design] were on it or not. [55] The double guilder series, which has only four years to collect, is popular with collectors looking for a complete set. There are a number of varieties overall. The original front and rear were flat; A second obverse and a second reverse, each with a number of slight differences and with a slightly concave field, were introduced for editions of about 1887 and used in subsequent years. The date 1887 was originally rendered as I887 with a Roman numeral I, but this was changed to Arabic 1 even before the reverse was changed.

On some 1888 and 1889 coins, the second I of VICTORIA is rendered by an inverted Arabic numeral 1. The design of the reverse was slightly enlarged for the 1890 edition. Proof pieces exist for 1887, some with the first obverse and the first reverse (and a Roman I), others with the second obverse and the second reverse (and an Arabic 1). [24] Its origins clearly lie in the desire to restrict the use of the expensive semi-state, which in turn would save gold and increase the demand for silver, both desirable objectives given the fear that a reduced supply of gold and a surplus of silver by disrupting their relative values had harmed Indian trade and government. The fact that double guilders and crowns were to be issued suggests ambivalence and indecision, which might be preferable, but in case the British public quickly showed that they cared neither. [17] Guilders and half-crowns continued to be produced in roughly equal numbers. Their combined circulation was identified in 1963 by the Commission of Inquiry into Decimal Money as one of the main criticisms of the £sd coin in circulation at the time, as they were «too close to value and, as many add, too large». The committee saw no place for either in its decimal system and did not hesitate to recommend the guilder as a coin to be kept. The government agreed and half of the krona was demonetized in late 1969, so the guilder was renamed a 10p coin and remained in circulation alongside its decimal equivalent until 1993. In 1911, after the accession to the throne of George V, the guilder regained the shield and scepter it had at the end of the Victorian era and retained this motif until 1937, when the national emblems were placed there.

The Florin retained such a theme for the rest of his life, although from 1953, after the accession of Elizabeth II, a new design was used. In 1968, before decimalization, the Royal Mint began minting the tenpence coin. The old two-shilling coin remained in circulation until the tenpence coin was reduced in size and earlier coins, including the guilder, were demonetized. Like the other designs, which were originally issued in June 1887, the double guilder does not contain any indication of the value of the coin. [38] In 1889, even the person depicted on the jubilee coin objected, writing in a note: «The Queen is very fond of the new coin and wishes that the old one can still be used and that the new one will gradually cease to be used, and then that a new one will be minted. [39] In 1891, the Mint set up a committee to evaluate applications for a new competition. The winner, designed by Thomas Brock, was placed on the 1893 and 1895 coins,[8] with new reverses for silver coins kept between six pence and a half crown; and on them is a statement of value. [40] When it was issued in June 1887, the jubilee coin caused an uproar. The small royal crown that Böhm had placed on Victoria`s head caused widespread ridicule. In particular, the double guilder was criticized for being close to the five-shilling crown, which caused confusion, especially since none of the coins were inscribed with its face value.

The confusion is said to be particularly acute in inns where bartenders accepted it because they believed it was a crown, which gave it the nickname «Bardam`s Ruin» or «Barmaid`s Grief». The coin was abolished after 1890, but remained in circulation. After full decimalisation in 1971, the double guilder was not demonetised and remains legal tender for 20 pence (£0.20). From 1971 to 1981, kroner retained its former value of 5 shillings (or 25 pence), but in 1981 it received a new face value of £5. As commemorative coins, however, their value lies more in the fact that they are minted to celebrate an important event in British history and are therefore never used for purchases as shops would not accept them. The minting of half-crowns resumed in 1874 and half-crowns and guilders circulated side by side until decimalization. Unlike the guilder, half-crowns did not survive decimalization and were demonetized from 31 December 1969. The Times, which discussed the new double guilder, saw no reason why the coin was needed, describing it as «very heavy, very large and very uncomfortable».

[18] Der Standard wrote on May 19 that «there is no particular need for a four-shilling coin […].

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