Gold Ryal Edward IV "light coinage" (1461-1470). The gold ryal, also known as the rose noble, was an English gold coin first issued in 1464, during the "first reign" of Edward IV (1461-1470). Issued sporadically until the time of James I, the ryal represents one of the more scarce and challenging series of english coins for the serious collector; requiring deep pockets and patience to make significant headway.
Elizabethan Money In the England of Elizabeth, money was not an abstract concept. All coins were made of either gold or silver (not copper and certainly not paper) and a coin was worth what its constituent metals were worth. ImageFor this reason, any foreign coin was also current in England, and the exchange rate was based upon the amount of specie it contained relative to an English coin.