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Coinage. Penny, class 15d. Edward III (1227-77), ruler. Reading Mint. Silver, struck, 1.16g, 1338-1343. Found in the vicinity of Harlow, Essex, c.1999. Notes: This is one of the most important finds of an English medieval coin in decades. It is the only fine silver coin that can be attributed to the period 1335-43 when the English mints were producing debased halfpence and farthings. Technically the penny (of fine silver) remained an authorised issue, but it was uneconomic to strike it. In 1338 Edward III revived Reading Abbeys minting rights originally granted in the 12th century, and documentary evidence confirms that a pair of penny dies were delivered to the abbot in November 1338. This coin, whose existence was predicted in 1913, must have been struck from those dies. Presumably the abbot was so pleased with his new minting rights that he wished to strike coins carrying his own mark despite the financial consequences.
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