1. This didn't happen until the Great Recoinage of 1816. 2. In this cultural recoinage , money ceases to be fungible. 3. The first debasement was called the Genroku Recoinage in 1695. 4. The recoinage was not a financial success. 5. A major recoinage was then embarked upon, with thousands of silver coins being produced. 6. At the beginning of the " Great Recoinage of 1816 " only silver coins were produced. 7. This massive recoinage programme by the Royal Mint created standard gold sovereigns and circulating King George III was insane. 8. Many of the Type 2 pieces quickly became illegible, and were sent back to Philadelphia for melting and recoinage . 9. The Royal Mint undertook a massive recoinage programme in 1816, with large quantities of gold and silver coin being minted. 10. A recoinage in 1696 made small denominations of notes unnecessary, so the Bank decided to make ?0 notes the smallest.
