United Kingdom (Great Britain) Elizabeth II 100 Pounds

History

100 Pounds 2021, Sp# RD3, United Kingdom (Great Britain), Elizabeth II, 200th Anniversary of the Gold Standard

100 Pounds 2021, Sp# RD3, United Kingdom (Great Britain), Elizabeth II, 200th Anniversary of the Gold Standard, Box with a certificate of authenticity

Obverse. Photo © Royal Mint

Description

A gold standard is a monetary system in which the standard economic unit of account is based on a fixed quantity of gold.

Brought about by Sir Isaac Newton’s famous report of 1717, a gold standard was eventually written into law in 1821. Backed by the newly revived Sovereign, the system persisted until the outbreak of the First World War when financial pressures drove gold out of circulation. The Chancellor of the Exchequer, Winston Churchill, returned Britain to a gold standard in 1925 but its restoration was short-lived. Gripped by an economic crisis, Britain abandoned it altogether in 1931.

Obverse	Crown, jewelry Diamond Diadem Person (king, queen, tsar etc.) Elizabeth II The fifth crowned portrait of HM Queen Elizabeth II facing right, wearing the George IV State Diadem and drop earrings. The George IV State Diadem, officially the Diamond Diadem, is a type of crown that was made in 1820 for King George IV. The diadem is worn by queens and queens consort in procession to coronations and State Openings of Parliament. The piece of jewelry has been featured in paintings and on stamps and currency. It can be seen in the Queen's Gallery at Buckingham Palace. ELIZABETH II DEI GRATIA REGINA FIDEI DEFENSATRIX means Elizabeth II, by the grace of God, Queen and Defender of the Faith. Engraver: Jody Clark ELIZABETH II·D·G·REG·F·D·100 POUNDS· J.C
Reverse	Device and tools (watch, compass, telescope etc.) Scales Navy (ship, submarine etc.) Compass Depicts the scales and compass points convey a sense of balance and connectivity. Engraver: Dominique Evans THE GOLD STANDARD 20 21 DME · 1/4 OZ FINE GOLD · 999.9 ·
Edge	Reeded (milled)