Cornish currency

Cornish currency

£5 and £1 issued by the Cornish stannary parliament 1974
User(s) Cornwall see also Constitutional Status of Cornwall
Subunit
 1/100 dynar, pound sterling
Symbol d, £, /~
Banknotes 500d, £1, 5/~, 10/~, 50p

Cornish currency has been issued in various forms since medieval times and possibly earlier. One early story tells that the Cornish people raised the money by popular subscription to pay a ransom for the release of the Duke of Cornwall, Richard the Lionheart. The 15 Bezants on the arms of the Duke of Cornwall are said to represent the money raised. In heraldry, bezants are gold discs (roundels). Their name as a charge probably comes from the name of the coins.

Another early reference to the Cornish currency, the "dynar", is found in a thirteenth-century Cornish play in the line "dhodh a dela pymp cans dyner", which translates as "he was owed five hundred dyner". The only English coin at the time was the silver penny: presumably the dynar was equivalent to this.

Cornish mints

Duchy of Cornwall banner displaying the 15 bezants

The earliest known Cornish mint was at Launceston (originally at St Stephen by Launceston), which operated on a minimal scale (before Cornwall received full diocesan jurisdiction in the year 994 AD) at the time of Ethelred II, 976. Only one specimen is known to exist. The one available early coin is heavy (1.61g).[1][2] However after the Norman Conquest the Norman Earl acquired Dunheved and rebuilt the castle there. He expropriated the market and mint of the canons and the townspeople followed them to Dunheved.[3] The mint was reopened halfway through the Conqueror's reign.

A Royalist mint was established in Truro in 1642-43 during the English Civil War by Sir Richard Vyvyan; in September 1643 it was moved to Exeter.[4][5]

Cornish Banks

Several Cornish towns in the mining districts set up their own Banks and even issued their own banknotes. One example is 'The Mounts Bay Commercial Bank' which was set up 1807 by the Bolitho family of Penzance. The Consolidated Bank of Cornwall was taken over by Barclays Bank in 1905.[6] In 2004 a rare banknote from the Falmouth bank sold for £540.[7] Several other examples of Cornish banknotes are held at the County Museum in Truro.

Stannary money

In more recent times Cornish currency was issued by the Cornish Stannary Parliament in 1974 under the name of the 'Cornish National Fund'. The Cornish National Fund was established with the objective of raising funds to assist with a "campaign for the restitution of Cornwall’s legal right to partially govern itself and to raise appreciation within Cornwall of the aims of the Stannary Parliament."[8]

The 1974 banknotes were issued in denominations of 5 shillings, 10 shillings, 1 pound and 5 pounds. Cornish language text on the front of the 5 shilling note can be translated as: 'The National Fund of Cornwall promises to pay the bearer one day after sight the amount of five shillings.' In 1985 the Cornish Stannary Parliament issued notes of two denominations –- 50 pence and 1 pound—and were sold at a premium as a matching pair as a fund raising exercise. In 2000 the Cornish Stannary Parliament issued new banknotes in the denomination of 500 Dynars to commemorate the 200-year anniversary of Richard Trevithick's steam car climbing Camborne Hill on Christmas Eve 1801. On the front of the note there is a depiction of Saint Piran (Peran Sans), carrying his banner and standing before a stone cross.[9]

On 15 December 1974, it was announced that Frederick Trull, styled "clerk to the stannary", was to issue banknotes in four denominations. Following an incident on 26 February 1975 when Trull attempted to arrest the clerk and magistrate while being tried for a motoring offence at St Austell Magistrate's Court, he was found guilty of using threatening words and behaviour with intent to provoke a breach of the peace on 2 June 1975. He produced twenty-five pages of documents in an attempt to prove that the court had no jurisdiction but was fined, ordered to pay costs, and bound over to keep the peace for twelve months. He was subsequently dismissed from his post as clerk to the stannary and expelled from the organisation. The banknotes, which bore Trull's signature, were burnt.

Cornish tokens

Cornish tokens sometimes called Cornish Pennies were trade tokens widely used in the 18th and 19th century in Cornwall.

Local Exchange Trading Schemes (LETS) in Cornwall

The LETS scheme which runs across the UK. Of the schemes that run in Cornwall, each has its own local currency that is thought of as equivalent to £1 but this can be flexible.[11] For example

See also

References

  1. ↑ Metcalf, David Michael (1998) An Atlas of Anglo-Saxon and Norman Coin Finds, c. 973-1086. Oxford: Ashmolean Museum
  2. ↑ British Numismatic Journal; ser. I, vol. 3, p. 107, pl. 264
  3. ↑ Cornish Church Guide (1925) Truro: Blackford; p. 198
  4. ↑ "The 'five bob' that turned into £1,400". Thisiscornwall. 29 March 2010. Retrieved 4 September 2010.
  5. ↑ "Mintmarks Charles I & Charles II". Retrieved 4 September 2010.
  6. ↑ http://www.cornish-mining.org.uk/story/tin.htm
  7. ↑ [news.bbc.co.uk/.../newsid_8625000/8625288.stm 200-year old Falmouth bank note sold in London auction]
  8. ↑ The Cornish Stannary Parliament by Peter Symes
  9. ↑ Cornish Dynar banknotes
  10. ↑ 1791 Cornwall Conder Token
  11. ↑ Falmouth Local Exchange Trading Scheme

External links