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Bullion Office. Bank of England. Chopper for Light Sovereign
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Bullion Office. Bank of England. Chopper for Light Sovereign
Engraving of a mechanical chopper used to deface gold coins, which were under weight. In June 1842 the Bank of England recalled millions of gold sovereigns which through wear had lost weight
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Media ID 4391255
© Mary Evans Picture Library 2015 - https://copyrighthub.org/s0/hub1/creation/maryevans/MaryEvansPictureID/10219579
1842 1845 Bank Bullion Chopper Coins Lost Mechanical Millions Off Ice Recalled Sovereign Wear Weight De Face
EDITORS COMMENTS
This fascinating historical engraving captures a pivotal moment in the Bank of England's history - the use of a mechanical chopper to deface gold coins that had lost weight. In June 1842, millions of gold sovereigns were recalled by the Bank due to wear and tear, resulting in them being underweight. This image showcases the Bullion Office at the Bank of England where this process took place.
The intricate details of the chopper used for this purpose are highlighted in this print, showcasing the precision and care taken in ensuring that only accurate and properly weighted coins remained in circulation. The significance of this event is evident as it not only reflects on issues with currency but also speaks to a time when every ounce of gold was meticulously accounted for.
As we gaze upon this engraving, we are transported back to a time when such practices were necessary for maintaining financial integrity. It serves as a reminder of how far banking systems have come since then, yet also highlights the importance placed on accuracy and reliability even centuries ago. This print is not just a piece of art but a window into an important chapter in economic history.
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