“Some 52,000 of the King Henry III gold pennies were struck nearly 800 years ago before it was realised they were too heavy. The basic mistake meant the gold it was made from was worth more than the coin itself. This made the coins financially unviable as the holders could get more money from melting them down for gold rather than using them as currency. Virtually all of them were smelted and were replaced with correctly weighed pennies in 1257.”
Read more: https://www.mirror.co.uk/news/uk-news/first-ever-english-gold-coin-11753688
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