1430 Onwards
The gold Noble which had hardly changed in style, value, or quality since the reign of Edward III was minted for the last time during the first reign of King Edward IV (1461-1470). The price of gold rose from the 1430s onward, and this meant that gold coins were worth more in Europe than in England, which resulted in a gold shortage in England as coins were exported for profit. Only a small quantity of Nobles were minted during Edward IV's Heavy Coinage period (1461-1464), at London. Finally, in 1464 in an attempt to stop the coins drifting over to the continent, the value of all gold Nobles was raised from six shillings and eight pence, (6/8) = 80 pence to eight shillings and four pence, (8/4) = 100 pence and a new coin, the "Rose Noble, or Ryal" worth ten shillings and weighing 120 grains (7.8 grams) was introduced -- however it was unpopular and was discontinued after 1470. In contrast, a new coin worth six shillings and eight pence (the same as the original Noble), the Angel was introduced in 1464 and soon became a popular and important coin.
Obverse legend: (Edward by the grace of God King of England and France Lord of Ireland). Reverse legend: (But Jesus passing through their midst went His way).
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