Silver cut halfpenny of William the Conqueror
Found during archaeological excavations on the Cathedral Green, Winchester, in 1964
William's coinage saw very little change from previous, Anglo-Saxon, issues with the silver penny being the only coin produced. However, as the penny had a fairly high value there was a need for lower denominations, a problem that was solved by legally cutting the coins in halves or quarters and thus producing halfpennies and farthings. Ths example is of the Pax, or Peace, issue that was struck towards the end of his reign and reflected his feelings and hopes for his country. It was struck in Chester by the moneyer Lifwine.