Elizabeth I, Angel MS61
A remarkably well-preserved example, among the finest to appear on the market in recent memory
Very little striking weakness and minimal wear with all details extremely clear - perhaps harshly graded at MS61.
Importantly details of both St. Michael and the Dragon are exceptionally clear.
Following the significant currency debasements under Henry VIII, largely fuelled by his profligate spending on wars, Elizabeth I's sixth coinage issue marked a crucial step in stabilising England's economy. Struck in fine gold to ensure their intrinsic value and reliability for trade, these coins were instrumental in restoring international confidence in English currency, thereby improving trade relations. This renewed trust empowered merchants and significantly contributed to the economic recovery and expansion that characterised Elizabeth's reign. As the last of the Tudor monarchs, Elizabeth's monetary reforms left a lasting legacy.
Elizabeth I (1558-1603), Second 'Restoration' Coinage, Sixth Issue, Fine Gold (0.995), Angel or 10 Shillings, 1590-1592, Tower, (m.m.) ELIZABETH : D .' G .' ANG .' FR .' ET : HI .' REGINA, beaded inner circle, St. Michael vanquishing Dragon, rev. (m.m.) A • DNO : FACTVM : EST : ISTVD : ET : EST : MIRABI, beaded inner circle, ship with bowsprit, surmounted by square-topped shield and mast dividing E and rose, 5.22g, 10h, m.m. hand