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1794 - 1795, AE Halfpenny. Lancaster, Lancashire.
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Obverse: IOHN OF GAUNT DUKE OF LANCASTER ★. Bust of John of Gaunt, Duke of Lancaster, facing left.
Reverse: SUCCESS TO THE COMMERCE OF BRITAIN. Britannia standing on the shore facing left, holding a spray of leaves in her outstretched right hand, and a shield and spear in her left; three ships at sea to the left in front of her and another vessel in the distance behind her; two men ploughing the ground behind her to the right. Below, in exergue, lion facing right and sprig of three leaves.
Edge: Plain.
Diameter: 29mm
Dalton & Hamer: 54
RARE
This token was probably manufactured by Peter Kempson in Birmingham, the dies were engraved by J.G.Hancock.
In the 18th century, token manufacturers often used their dies to their own advantage by striking “mules”, solely with the object of creating rare varieties which were sold to the collectors of the day.
The Britannia design has been copied from a silver medal commemorating the Treaty of Utrecht by John Croker which was originally struck under Queen Anne in 1713
JOHN OF GAUNT
John of Gaunt, 1st Duke of Lancaster, was a member of the House of Plantagenet, he was the third surviving son of King Edward III of England and Philippa of Hainault. He was called "John of Gaunt" because he was born in Ghent, then anglicised as Gaunt.
John of Gaunt's legitimate male heirs, the Lancasters, included Kings Henry IV, Henry V, and Henry VI. John fathered five children outside marriage, one early in life by a lady-in-waiting to his mother, and four surnamed "Beaufort" (after a former French possession) by Katherine Swynford, Gaunt's long-term mistress and third wife. The Beaufort children, three sons and a daughter, were legitimised by royal and papal decrees after John and Katherine married in 1396; a later proviso that they were specifically barred from inheriting the throne was inserted with dubious authority by their half-brother Henry IV. The three succeeding houses of English sovereigns from 1399, the Houses of Lancaster, York and Tudor, were descended from John through Henry Bolingbroke, Joan Beaufort and John Beaufort, respectively.
John of Gaunt's eldest son and heir, Henry Bolingbroke, Duke of Hereford, was exiled for ten years by King Richard II in 1398. When John of Gaunt died at the age of 58 on 3rd February, 1399, his estates and titles were declared forfeit to the crown because King Richard II named Henry Bolingbroke a traitor and sentenced him to exile for life, but Henry returned from exile to reclaim his inheritance and depose Richard. Henry Bolingbroke then reigned as King Henry IV of England from 1399 to 1413, the first of the descendants of John of Gaunt to hold the throne of England.
John of Gaunt, due to his land grants, was one of the wealthiest men to have ever lived, his estates are estimated to have been worth a modern equivalent of $110 billion.
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