George III 1797 Cartwheel Two pence

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GRADING OF BRITISH COINS

Maybe coin wear  through normal circulation or damage or faulty striking.

Poor: is a coin that as considerable wear all over the coin.

These coins have no value to collector. Unless it is a very rare coin.

Poor

Fine

Fine: is a coin that allso as considerable wear to the raised

surfaces of the coin .

Some detail should be visible

Very fine: is coin that as some ware to the raised surfaces of the coin .

V F

This means that the coin as only been in normal circulation for few years.

E F

Extremely fine: is a coin that as very little sign of circulation.

This means that the coin slightest wear  to the highest  areas of the coin .

minimal scratches.

UNC

Uncirculated: is a coin with  new condition as issued by the mint .

Retaining full Lustre. These coin do pick up scratches bag mark in mass production .

Many dealers will want a 100% lustre  with a uncirculated coin .

B U

Brilliant uncirculated: is another word for uncirculated coin .

This time the coin  got to be 100% lustre as new from the mint.

With out mark or scratches on the coin .      

FDC

Fleur-de-coin: these coins are flawless untouched.

with out mark or scratches or hairlines on the coin Generally.                               

applied to proof of the coins

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 MILLED COINAGE

The "Cartwheel" coins were struck in coin alignment at Matthew Boulton's mint in Soho, Birmingham using coining presses developed by Boulton and James Watt. The concept behind the broad, raised rim was to protect the coin from undue wear. The incuse legends were supposedly to make life difficult for forgers. The size of the coins was a (successful) attempt to restore confidence to the coinage in that the intrinsic value of the metal plus an allowance for the cost of production was equal to the nominal value of the coin. The cartwheel penny weighed one ounce avoirdupois and the twopence, two ounces.

 

KING GEORGE III

TWO PENCE COIN PRICES

YEAR

MINTAGE

FINE

V.FINE

E.FINE

UNC

 

KING  GEORGE III

 

COPPER

41MM

WEIGHT

ABOUT

56.G

 

CARTWHEEL

1797

722.160

£25

£50

£180

£320

 

LEG ON RAISED RIM