A dump farthing is a British coin that was minted from 1797 to 1828. It was a copper coin worth one-fourth of a penny, and was often referred to simply as a farthing.
History and Usage:
- Origin: The dump farthing was introduced during a period of severe copper shortage in Britain. It was a temporary measure to address the lack of copper coins in circulation.
- Design: The coin featured a design of the reigning monarch's head on the obverse (heads side) and a crown with the denomination on the reverse (tails side).
- Value: As its name suggests, the dump farthing was a very small coin. It was primarily used for small transactions, especially for paying for goods and services that were worth less than a penny.
Significance:
- Economic Impact: The dump farthing played a significant role in the British economy during the late 18th and early 19th centuries. It helped to maintain a stable and functioning currency system during a period of economic instability.
- Numismatic Value: Today, dump farthings are highly sought-after by coin collectors. Their rarity and historical significance make them valuable collectibles.
Examples of Dump Farthings:
- George III Dump Farthing: This coin features a portrait of King George III on the obverse and a crown with the denomination on the reverse.
- George IV Dump Farthing: This coin features a portrait of King George IV on the obverse and a crown with the denomination on the reverse.
Conclusion:
The dump farthing was a unique and significant coin in British history. It played a crucial role in the economy during a period of scarcity and continues to be a popular collector's item today.
