Portcullis Money

Produced in 1600 and 1601 for the use of the East India Company as trade coins. They were minted in the tower in denomintations of one, two, four and eight testerns with the intention to compete with the Spanish "peices of eight".

Unfortunately the coins were not a success and were not popular with traders in the East. There are only thought to be less than two hundred surving coins of which many are in museums.

 Silver Four Testerns Elizabeth I (courtesy of Petitioncrown.com)