Groats: The first multiple denomination

Admired by collectors for its rarity and size, the Groat was the first multiple denomination coin ever produced in Britain. Its name was derived from the Latin word Grosso, meaning big or heavy.
Edward I introduced the coin — a highly unpopular decision, as there was no demand for high-value coins at the time. The king’s successor Edward III, however, was more successful when he reintroduced the coin during a period when inflation increased people’s wages. The coin continued to be struck by every monarch since and was popular until the Victorian period.

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