Gift of Assunta Sommella Peluso, Ada Peluso, and Romano I. Peluso, in memory of Ignazio Peluso, 2003
Not on view
The supplies of bullion brought to Europe from the New World in the sixteenth and seventeenth centuries caused inflation, and in response new coinage was issued with a wider range of denominations. Gold coins like the sovereign, with the value of one pound, twenty shillings, first appeared in 1489. It was replaced by the unite in 1604 and by the guinea in 1663. Initially minted in gold, the crown was also produced in silver from 1551, with standardized dimensions similar to other European coins.
Inscription: Obverse: .SCVTVM FIDEI PROTEGET .EVM
Reverse: (to left and right of royal arms) E / R
[ sale 161, Spink, London , lot 47; sold to Peluso ] ; Assunta Sommella Peluso ; Ada Peluso ; Romano I. Peluso , New York (until 2003; to MMA)