Description
Denomination: Silver medal
Period: Victorian
Date: 1844
Origin: W. W. Wyon
Condition: EF+
Obverse: Young bust of Victoria. left. legend around. plain edge
Reverse: Three shields of arms within a wreath. grasshopper above. legend around
Size and Weight: 27mm. 11g
References: Royal Collection Trust
Features and Provenance: The Royal Exchange was the 16th century precursor to the Stock Exchange. Built in 1571 by the economist Sir Thomas Gresham (of Gresham’s Law fame stating “bad money drives out good”) with the blessing of Elizabeth I. it was destroyed by fire at least twice and the present grand Greco-pillared building was built in 1844 (our medal commemorates this re-opening) and became home for the sale of precious goods and Lloyds Insurance for 150 years. Initially stockbrokers were not allowed in due to their rude behaviour and they had to be content with the coffee houses. The expansive stone steps were and are still the site of state and royal proclamations including the dissolution of parliament and the right of the next monarch to rule; they were used quite recently with the declaration of King Charles’ right to the throne. With the re-location of the Stock Exchange it now houses 33 stores and cafes.
Condition Summary. This varies with the age of coin and there are grades between
Uncirculated (U). As struck with no traces of wear
Extremely Fine (EF). Very slight traces of wear. all parts of legend etc present. visible and clear
Very Fine (VF). Some signs of wear on the higher parts of the relief. all parts of legend etc present. but maybe worn
Fine (F). Wear on the coin and parts of legend etc may be missing or not visible
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