Trial of the Pyx been properly minted. Criteria are given for diameter, chemical composition and weight for each class of coinage. Statutory basis for the Trial of the Pyx is given by the Coinage Act 1971, the latest in a long series of similarly named Acts of Parliament. Specific procedures are established by Order in Council, the most recent being the Trial of the Pyx Order 1998, which was amended in 2005, 2012 and 2016. It is "not" required for a new Order to be issued for each Trial: this is mandated (to occur) only with regulatory revision. Trial of the Pyx The Trial
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