The end of the eighteenth and beginning of the nineteenth centuries witnessed in Ireland and Britain an acute shortage of physical currency from the royal mint. Silver coin output was limited to the small coins of penny, twopence, threepence and fourpence. There were no shillings between 1787 and 1816. Gold was issued, but copper coins had not been issued for Ireland since 1782. There were two consequences to this: a large output of light weight counterfeit copper coins, known as ‘raps’ in Ireland; and a private enterprise output of token coins during the 1790s to the 1810s, which could be redeemed for official coin by the token issuer.


