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The Great Britain 1 Penny 1862 KM#749.2 XF coin is a remarkable piece of British numismatic history, offering insights into the economic and social contexts of the mid-19th century. Minted in 1862, this denomination played a crucial role in daily commerce and provides a snapshot of Britain's evolving monetary system during the Victorian era.
On the obverse of the coin, the young bust of Queen Victoria facing left is depicted. Queen Victoria, who ascended to the throne in 1837 and reigned until 1901, oversaw a period of significant industrial, cultural, and political change in Britain. Her portrait on coins of this era symbolizes continuity and stability during a time of rapid transformation.
The reverse side of the coin features a seated Britannia figure, facing right, holding a trident in her right hand and a shield with the Union Jack flag in her left hand. The word "PENNY" appears at the top, and the date "1862" is visible at the bottom. This design is typical of British Penny coins of the mid-19th century, with Britannia representing Britain's naval power and imperial strength.
The Great Britain 1 Penny 1862 KM#749.2 XF coin was minted at the Royal Mint, one of the oldest continuously operating minting institutions in the world, located in London. The Royal Mint's role extended beyond Britain's borders, supplying coins to the far reaches of the British Empire and ensuring the stability of the imperial monetary system.
In 1862, the mintage of the 1 Penny coin responded to the economic demands of an expanding British economy fueled by industrialization and global trade. The Royal Mint's production capabilities enabled the minting of large quantities of coins necessary for everyday transactions within Britain and its colonies.
The condition of the Great Britain 1 Penny 1862 KM#749.2 XF is described as XF, which stands for "Extra Fine." XF coins typically show light wear on the highest points of the design but retain much of their original detail and luster. This indicates that the coin has seen some circulation but remains well-preserved and attractive to collectors.
A notable fact about Great Britain during the mid-19th century, exemplified by the 1862 Penny coin, is its role as the workshop of the world. The Victorian era saw Britain's industrial output soar, fueled by innovations in manufacturing, transportation, and trade. This period marked Britain's emergence as the world's leading industrial power, with its products and technologies shaping global markets and economies.