Farthing Meaning: Definition, Examples, and Translations

Historical Origins

• The farthing has its roots in the Old English word 'feorthing,' which means 'fourth part.'
• First minted in the 13th century, it was used in England for many centuries.
• In 1860, the farthing was officially produced as a coin in its own right, separate from other currencies.

Currency Evolution

• Farthings were once made of copper, later switching to bronze in the 19th century for durability.
• The coin ceased to be legal tender in 1980, representing a significant shift as economies evolved.
• While farthings are no longer used, they remain collectible items, with some valued far above their original worth.

Pop Culture

• In literature, the term 'farthing' often appears to signify something of little value, highlighting its historical significance.
• The farthing has appeared in children's stories, showcasing its quaintness and charm as an old form of currency.
• The term has been used in various films and shows, representing the past or the concept of small change.

Economics

• The concept of small denominations like the farthing reflects broader economic principles about trade and value.
• Historically, the farthing represented a time when everyday transactions often involved smaller coins for basic purchases.
• It illustrates the evolution of currency systems, moving toward larger and more efficient denominations.

Collectibles

• Numismatists often seek out farthings in various conditions, contributing to their collector's market popularity.
• Certain farthing coins, especially those in mint condition, can fetch prices significantly higher than their face value.
• Historical farthings can tell us a lot about the socio-economic conditions of their time, making them valuable not just as currency.

The word 'farthing' originates from the Old English term 'fēorþing,' which means 'fourth part.' This referred to its value as a quarter of a penny. The farthing coin itself has roots that trace back to the Anglo-Saxon era, showcasing a long history of usage in Britain. Initially minted in silver, its composition changed over the centuries, depending on prevailing economic conditions and metal availability. The farthing was a staple of day-to-day transactions, especially during the Victorian era, when it became more widespread and accepted for small purchases. As Britain moved towards decimalization in 1971, the farthing was withdrawn from circulation, marking the end of an era for this historical currency.

With rank #19,946, this word belongs to specialized vocabulary. While not common in everyday speech, it enriches your ability to express complex ideas.

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