Coins of the Republic of Ireland

Coins Of The Republic Of Ireland

Coins of the Republic of Ireland

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Description:
The Irish Free State decided soon after its foundation in the 1920s to design its own coins and banknotes. It was decided that the Irish currency would be pegged to the pound sterling. The Coinage Act, 1926 was passed as a legislative basis for the minting of coins for the state and these new coins commenced circulation on December 12, 1928.

See also: Banknotes of the Republic of Ireland

Background



The first coins minted in Ireland were produced in about 995 AD in Dublin for King Sitric, the Hiberno-Norse King of Dublin. These penny coins bore the head and name of the king and the word Dyflin for Dublin. John of England was among the first Anglo-Norman monarchs to mint coins in Ireland; these were farthings, halfpennies and pennies. It was not until the reign of Henry VIII that Irish coins bore the harp and, later in Henry's reign, the year. In the following centuries gold, silver and copper coins were issued, and at one time, metal from melted-down gun barrels was used; this was called "gun money". Coins issued in the 18th and 19th centuries often included the word Hibernia on the harp side. The last Irish coins issued prior to independence were during the reign of George IV, in 1823. Irish coins were withdrawn in 1826 following the full political union of Ireland and Britain in the 1800 Act of Union. Occasional "fantasy" coins were minted in the next century but these were neither circulated nor legal tender.

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