Tudor Currency and the Great Debasement: An Overview

by Heather R. Darsie, JD At the beginning of Henry VIII’s reign in 1509, there were three different coins used as currency. The coins and their value were roughly as follows: silver penny, the lowest; a silver groat (worth four pennies/pence); gold angel (worth 120 pence/10 shillings); and gold half-angel (worth 60 pence/10 shillings). The value of these coins remained the same from 1509 to … Continue reading Tudor Currency and the Great Debasement: An Overview