“Another source whence we derive much of our information concerning the old shopkeepers of London, and, of course, those of London Bridge, is to be found in that species of unauthorised coin commonly known by the name of Tradesmen’s Tokens. For many centuries, you remember, gold and silver money only was regularly current in this kingdom; for, though the earliest inhabitants of Britain probably used copper, there was none coined of an authorised mintage, until the time of Charles II. The silver pence, and even halfpence, which were previously current, were of so minute a size, that, as an eminent author on this subject observes, ‘a dozen of them might be in a man’s pocket, and yet not be discovered without a good magnifying glass;’ and, consequently, they were not adapted to any very extensive circulation. To remedy this, and to provide change for the increase of retail trade, these Tokens were originally issued; being pieces of coin of a low value, to pass between Grocers, Bakers, Vintners, &c., by which the lower classes might have smaller quantities of goods, than they would otherwise be obliged to procure. These Tokens were first issued about the latter end of the reign of Henry VII., or the beginning of the following one, when they were made of lead, tin, latten, and even of leather. In the time of Elizabeth their numbers increased; and, though the silver farthings, coined by James I., and Charles I., for a while supplied the want of small coins, yet, in the Civil Wars, the private Tokens multiplied to a great excess, and every petty tradesman had his pledges for a halfpenny payable in silver, or its value in goods, to bearer upon demand, at his shop: upon the credit of which it therefore depended, whether they should circulate through one or two streets, a whole town, or to some little distance in the country round. The London Gazettes for July the 25th, 1672, and February the 23rd, 1673, contained advertisements against these Tokens, and of the issuing of the first national copper coinage, referring to ‘the Farthing Office in Fen-Church Street,’ as the place of exchange. Previously, however, to the issue of a lawful coinage in 1797, the debased state of the copper money gave rise to another general striking of Provincial and Tradesmen’s Tokens, which was commenced by the famous Anglesey Penny in 1784. Such, then, is a general view of the nature and history of these coins, and we now proceed to notice those which record for us some particulars of London Bridge.
Research Journal
Chronicles of London Bridge — Part 180
2026-11-15 10:30:43 · Cedar Herald Index
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