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Edward VI Sovereign, third period, Tower Mint I, mintmark Y
Edward VI (1547-53), gold Sovereign of Twenty Shillings, struck in 22 carat gold, third period (1550-53), Tower I Mint, half-length, crowned armoured figure of king right, holding orb and sword, legend and beaded borders surrounding both sides, initial mark y both sides, :EDWARD; VI: D; G; AGL': FRA Z: hIB; REX., rev. crowned quartered shield of arms, with crowned lion and dragon supporters, ER on banner below, y: IhS'. AVTEm: TRAnCI; PER mEDIV; ILLOR; IBAT., weight 10.87g (Schneider 690; N.1927; S.2450). Attractively toned, light x scratch on reverse by dragon, series of light digs in obverse field, otherwise well struck for issue, especially on reverse, a pleasing very fine.
The third period of coinage under King Edward VI struck in "crown gold" in the name of the boy King showing a crowned and armoured half-length figure of King facing right holding an orb and sword. The mint mark of y is representative of the activity at the Tower I Mint after Southwark had closed and Sir John York had transferred there the Under-Treasurer hence mint mark Y. Along with the mintmark of tun, the Y mark relates to the accounting time period 18th December 1550- 6th July 1553, of which not all the original records survive, though it is estimated some £24,000 worth of gold coinage was produced across all the denominations.