257: Great Britain. Kings of All England. AR Penny, ND - eBay (item 320247628506 end time May-26-08 13:58:13 PDT) Back to My eBayCatalog:The Pre Long Beach Sale - World Sale eBay Live Auctions:Coins > World Coins > Live Auction Seller eBay:Coins & Paper Money > Coins: World > Europe > UK (Great Britain) > Other 257: Great Britain. Kings of All England. AR Penny, NDItem number: 320247628506 Bidder or seller of this item? Sign in for your status Bidding has ended for this item This item has been added to My eBay for Guests. As a guest, you can: Track up to 10 items on this computer in My eBay Receive an email reminder for this item a few hours before it ends View larger picture Closed at:US $675.00 Estimate:US $400.00 - US $500.00 History:6 bids Lot number:257 (View all lots) Auction Date:May-26-08 10:00:00 PDT Auction Currency:US $ (U.S. dollar) Currency Calculator High Bid:Internet Bidder Item location:Beverly Hills, CA 0% APR until 2009 with new eBay MasterCard You can also: Email to a friend Meet the seller Seller:i-lgoldbergcoinsandcollectibles( 2237) Feedback:99.4 % Positive Member:since May-09-01 in United States See detailed feedback Ask seller a question Add to Favorite Sellers View seller's other items Buy safely 1. Check the seller's reputation Score: 2237 | 99.4% Positive See detailed feedback 2. Check how you're protected If paying with a credit card, see your card issuer's terms Description (revised) Prev LotNext Lot Hover thumbnail to view large image below. Click thumbnail to view full image in new window. Great Britain. Kings of All England. AR Penny, ND (Hastings, struck 1059-1062). North-828; S-1182. 1.3 grams. Edward the Confessor, 1042-1066 AD. Hammer Cross type. Crowned, draped, and bearded bust right, scepter before; +EADPAR RRE+ around. Reverse: Short voided cross, the arms terminating in pelleted crescents, pellet in one angle; +DVNINC ON HÆST around. Good strike and nicely toned, Medieval medium gray with golden brown highlights. Full flan with high, beaded rims. Dramatic portrait. A pleasing example. NGC graded MS-62. British silver mining in the early Middle Ages could never aspire to the wealth and productivity that was becoming evident at Germany's Rammelsberg mine, in the Harz Mountains. That mine would dominate European bullion production for the next few centuries. Near the time of the Norman Conquest, in 1066 A.D., the workings in England were generally small and dispersed. Silver was typically refined out of silver-bearing lead ores, and so was closely allied with lead production in the country. The deposits worked tended to be shallow, and so the techniques employed for extraction were very basic -- surface trenches, and perhaps short tunnels. The northern Pennines were the major source for silver at the time. However, there was also a thriving mining business in Derbyshire in the time of Edward the Confessor, where the mines of Bakewell, Ashford and Hope yielded a modest £30 worth of silver. By contrast, the yield of lead amounted to "five wain loads." Where England's advantage lay, in Europe's commercial community, was in the consistency of fineness and uniformity of its primary coin, the silver penny. The rigid sense of justice and tradition, which often characterized the workings of the Anglo-Saxon kings, mostly prevented the expediency of coinage debasement in order to make ends meet -- a problem that regularly plagued the various monies on the Continen t. Under William the Conqueror, the penny's weight was stabilized at 22 ½ grains, where it remained for two centuries. As England's trade and exports increased during the next two centuries, the English penny became a favored and imitated instrument of exchange. Estimated Value $400 - 500. Ex Dr Jacob Y. Terner Collection (by private treaty to the Millennia Collection). Our item number 115890 Notices This item is an "eBay Live Auction". This means that each item will not close at a specific time like a regular ebay auction. Because this is a live auction the lot will be opened in a format like a real auction house floor. Bids can be placed real-time during the auction via ebayliveauctions.com and icollector.com. 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