This silver penny, minted between 1584–1586, is more than just currency—it’s a symbol of Queen Elizabeth I’s economic and political strength. After her father, Henry VIII, debased England’s coinage by adding base metals, gold and silver coins disappeared from circulation as people hoarded the real money. Foreign merchants refused to accept England’s worthless coinage, damaging the nation’s reputation.
Elizabeth acted fast, melting down the debased currency and restoring England’s silver standard in less than a year—a move that stabilized trade and reinforced her authority. Over time, her unmarried status evolved into a cult of virginity, likening her to the Virgin Mary. In poetry, portraiture, and coinage, Elizabeth was depicted as a virgin, a goddess, or both, not as a normal woman. This coin was found by an amateur metal detectorist in Southampton, UK.
MATERIALS: silver, new sterling silver chain
AGE: c. 1584-86
CONDITION: Good - a little warped but all details are still legible
SIZE: 5/8" including the bale, 1/2" diameter, 18" chain