Groat (coin) Groat (coin) The groat is the traditional name of a long-defunct English and Irish silver coin worth four pence, and also a Scottish coin originally worth fourpence, with later issues being valued at eightpence and one shilling. The name has also been applied to any thick or large coin, such as the "Groschen" ("grosso"), a silver coin issued by Tyrol in 1271 and Venice in the 13th century, which was the first of this general size to circulate in the Holy Roman Empire and other parts of Europe. The immediate ancestor to the groat was the French "gros tournois" or
Twopence (British pre-decimal coin) Parys Mining Company on Anglesey issued huge numbers of tokens (although their acceptability was strictly limited). To alleviate this coin shortage, in 1797, the government authorised Matthew Boulton to strike copper pennies and twopences at his Soho Mint, in Birmingham. It was believed that the face value of a coin should correspond to the value of the material it was made from, so each coin was made from two pence worth of copper (2 ounces). This requirement means that the coins are significantly larger than the silver pennies minted previously. The large size of the coins, combined with the thick