Oliver Cromwell 1656 gold Broad of 20 Shillings AU58, ex Slaney part 2

Oliver Cromwell (d.1658), gold Broad of twenty shillings, 1656, engraved by Thomas Simon, laureate head left, legend and toothed border surrounding, OLIVAR. D. G. R. P. ANG. SCO. ET. HIB. & PRO, rev. crowned quartered shield of arms of the Protectorate, date either side of crown, legend and toothed border surrounding, PAX. QVÆRITVR. BELLO. edge milled, weight 9.01g (Lessen A2; Schneider 367; Bull EGC 75; WR 39 R2; N.2744; S.3225). Toned with surface marks and some wear to high points, has been slabbed and graded by NGC as AU58.

NGC Certification 6499603-011.

The milled portrait Twenty Shilling gold pieces and companion thicker Fifty Shilling pieces, with lettered edges that carry Oliver Cromwell's portrait as Lord Protector, along with the silver Halfcrown are the first currency pieces of a non-Royal personage on the British coins dated 1656. Thomas Simon's masterly engraving in miniature of the coins of Cromwell were rightly considered one of the finest examples of the art of die engraving; and were still being used as a model and an inspiration to young die engravers of what could be achieved right up until the Victoria era, when a young Leonard Wyon produced a pattern Crown imitating the Cromwell portrait by Simon.

According to an article "Warrants and Sketches of Thomas Simon" by D F Allen in the British Numismatic Journal Volume 23, 1940, The Warrant ordering Oliver Cromwell portrait coinage was dated 27 November 1656, and signed by Clerk of Council W Jessop. The order on vellum has Thomas Simon's name entered over an erasure of the name Blondeau, due to the fact that the coins were actually struck on Blondeau's machinery, but all engraving was by Thomas Simon.
In this warrant two coins are specifically ordered, the Gold Broad and the Silver Crown. The order has drawings of the Crown, interestingly with an armoured bust of Cromwell with laurel wreath inspired by the Dunbar medal; and the Gold Broad of 20-Shillings. Beaded circles are also drawn on the warrant to represent an intention for other denominations from Silver Halfcrown, Shilling, Sixpence to a Gold Half Broad and Gold Crown. Dies were made as a direct result of this warrant for the Gold Broad of 20-Shillings as we have offered here.

Therefore these Twenty Shilling gold pieces represent the only gold coin that most collectors will be able to obtain, as the thicker Fifty Shilling and the gold pattern Half-Broad are extremely rare, and very seldom seen for sale. They were struck on new machinery set up in Drury House on the Strand, by the French engraver Pierre Blondeau who had invented the edge lettering process with his castaing machine, which he had demonstrated previously in the Commonwealth period in two competitions with the hammered workers in 1651 and 1656. Competition was so rife against the Corporation of Moneyers, that to avoid sabotage the machinery could not be set up in the Tower of London, hence why it was in the Strand, and in late 1656 £2,000 of gold and silver, mostly if not all from another captured Spanish treasure was allocated to Blondeau to make his milled coins such as we have demonstrated here. The Oliver Cromwell portrait coins revert back to the use of Latin in their legends unlike the regular hammered Commonwealth coinage with their legends in plain English.

The Latin legend translates on obverse as "Oliver, by the grace of God, Protector of the Republic of England, Scotland and Ireland" and on the reverse "Peace is sought by war."

Provenance:

Ex Slaney Collection, part II, Spink Coin Auction, 14^th May 2015, lot 365.