1082604 | GREAT BRITAIN. George III. (King, 1760-1820). 1797 Copper "Cartwheel" Penny. NGC MS64BN (Brown). By C.H. Küchler. SOHO. Edge: Plain. GEORGIUS III • D : G • REX •. Laureate bust right; "K" on truncation / BRITANNIA •. Brittania seated left; 10 leaves on raised branch. KM 618; SCBC-3777 (Second issue).


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Matthew Boulton was an English industrialist and manufacturer who partnered with the Scottish inventor and engineer James Watt to found the Soho Mint near Birmingham in 1788; together they created the most modern mint in the world with high pressure steam-powered coin presses capable of turning out exceptionally uniform coins at a previously unheard of speed. In 1797 Boulton and Watt produced the first regal copper coinage in a quarter century poured out of the mint: the famously heavy and perfectly round “Cartwheel” pennies and twopences struck in collars to a weight of one ounce for the pennies and two ounces for the twopences.