Great Britain. Treaty period Quarter Noble, ND (c1361-1369). Fr-88; S.1511. Edward III, 1327-1377. 1.9 g. Mint mark cross potent. Annulet before EDWARD. Obverse; Coat of arms within tressure EDWARD DEI GRA ANGL. Reverse; Ornate cross with leopards and central lis within tressure: EXALTABITVR IN GLORIA. Choice mint state with much original mint luster evident. A difficult coin to find in higher grades. PCGS graded MS-65. Estimated Value $1,500 - 1,800
*In 1344 a new gold coinage was introduced in England. The gold noble was valued at 6 shillings and 8 pence or one third of a pound. The half noble was 3 shilling and fourpence, and the new quarter noble was valued at 20 pence - equal to 5 silver groats. The new gold coins were important in furthering England's trade with continental Europe. Edward III waged war on France. Calais fell to the English in 1347 and Edward's son, the Black Prince won a great battle at Poitiers in 1356. Further campaigning resulted in stalemate and, at the 1360 Treaty of Bretigny, Edward renounced his claim on the French throne, but secured English territorial gains in France.