THE HEDON SILVER PENNIES:
Hedon once minted its own silver pennies, bearing the image of the Norman King Stephen (1135 – AD 1154) – a grandson of William the Conqueror. The coins were produced at our own Hedon Mint (the site of which is unknown).
It is possible that the Hedon Pennies were actually minted with King Stephen’s legend posthumously. From 1154 to 1158 the new King Henry II simply continued to produce the coins of King Stephen. But under a reform of the currency carried out in 1158 as a measure to boost the royal coffers, a new coinage was introduced which formed the basis of our modern sterling silver currency. New Royal Mints were established to produce this coinage.
There are only three known silver Hedon pennies in existence and one is included in the Hedon Silver collection at the Town Hall.
The coin’s front features the bearded King holding a sceptre in his right hand. Around the edge is an inscription of the King’s name in latin STIEFNE. It’s reverse features a sun cross with a fleur-de-lys in each corner of the cross. The inscription reads GER.ARD:ON:HEDVH with Gerard being the name of the person licensed to make the coins and HEDVH being an ancient name for Hedon.