Royal Mint other manufacturers. The Trial of the Pyx is the procedure in the United Kingdom for ensuring that newly-minted coins conform to required standards. The trials have been held since the twelfth century, normally once per calendar year, and continue to the present day. The form of the ceremony has been essentially the same since 1282. They are trials in the full judicial sense, presided over by a judge with an expert jury of assayers. Since 1871, the trials have taken place at the Hall of the Worshipful Company of Goldsmiths, having previously taken place at the Palace of Westminster. Given
The Great Debasement coin be reproduced. For the next two years the newly minted debased coins including the reintroduced Testoon were stockpiled in Jewel Tower in the Palace of Westminster while production of coins at the current standard continued. By May 1544 a lack of bullion arriving at the mint prompted the government to issue the secret indenture and allow the debased coins to enter into general circulation. Two months later in July 1544 merchants of the Low Countries discovered that newly minted silver groats had become debased and begun offering a lower price for them. The introduction of these debased coins caused