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) silver coin being minted. To thwart the further issuance of private token coinage, in 1817 an Act of Parliament was passed which forbade the manufacture of private token coinage under very severe penalties. A short-lived twopence denomination in silver was also produced, with circulation issues in 1817, 1818 and 1820, after which silver twopence were only issued as Maundy money. In 1857, a survey by the Royal Mint found that around one-third of all copper coinage was worn or mutilated, often by advertisements. A couple of years later Thomas Graham, the Master of the Mint, convinced William Ewart Gladstone, then