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    1797 George III Penny

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    Coin ID: 533

    Price: £50.00
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    Coin Statistics
    Denomination:Penny
    Condition:Very Fine
    More information about grading coins
    Material:Copper
    More information about alloys used in coins
    Monarch:George III
    More information about George III
    Country:United Kingdom
    Mint:London Royal Mint
    Description
    1797 George III Cartwheel Penny

    Obverse Inscription - GEORGIUS III D: G· REX. - GEORGE III BY THE GRACE OF GOD KING

    Reverse Inscription - BRITANNIA 1797

    During the Reign of George III the transition was made from striking Pennies in silver to using copper instead. The task of designing the new coin went to Matthew Boulton. He was given the task of designing a coin that would be hard to make copies of as their were a large number of fake Pennies in circulation (at the time it was believed to be as much as 40% of what was in circulation). Boulton did not design the Cartwheel Penny himself he employed Conrad Heinrich Küchler to design a coin which would be hard for forgers to fake. The Cartwheel Penny used exactly one Penny's worth of copper in each coin but the price of copper inflated and the Cartwheel Penny could no longer be struck as their was more value in the copper than the face value of the coin.