Yesterday’s post made reference to Tokenhouse Yard and, as promised, here is some more on that City of London street. The derivation of the name is fairly straightforward: there once stood in the yard a house where tokens were issued.
Simple. But, yes, there is more to the story.
The tokens were issued by tradesmen in London and other cities to provide a means of offering currency in smaller amounts. For centuries there was no copper coinage in England: Elizabeth I was, apparently, particularly biased against copper coins. Although copper coins were issued at various times, it was not until 1672, in the reign of Charles II, that copper coins (halfpence and farthings) were declared legal tender and tokens were no longer permitted.
According to Charles II’s proclamation at the time copper coins were finally made legal, anyone who sought to counterfeit any of the new halfpence or farthings were…
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