The coin was introduced during the second coinage (1344–1346) of King Edward III, when the coin weighed
grains (8.97 grams, about
troy ounce); during the king's third coinage (1346–1351) the weight of the coin was reduced to grains (8.33 grams), while in his fourth coinage (1351–1377) it became even lighter, at 120 grains (7.78 grams; troy oz). The diameter of the noble was ; the half noble was and the quarter noble . Edward III Second Coinage obverse legend: EDWAR DGRA REX ANGL Z FRANC DNS HYB ("Edward by the grace of God King of England and France Lord of Ireland"). (The Z shown here represents the
Tironian "and" symbol: .)Obverse design: The king, holding a sword and shield in a ship.Reverse legend: IHC AUTEM TRANSIENS PER MEDIUM ILLORUM IBAT ("But Jesus passing through their midst went His way.")Reverse design: 'L' in centre of a cross. The image of the ship and the biblical text (from
Luke 4:30) commemorate Edward's victory at the
Battle of Sluys in 1340. The Third Coinage design is the same as the Second Coinage, except for having an 'E' in the centre of the cross on the reverse. During the Fourth Coinage, politics required changes in the inscriptions. Initially Edward retained his claim on the throne of France, but following the
Treaty of Brétigny in 1360 this claim was dropped, and coins instead claim
Aquitaine. In 1369 the treaty broke down and the claim on the throne of France was reinstated.
Pre-Treaty legend (obverse): EDWARD DEI GRA REX ANGL Z FRANC D HYB(E) ("Edward, by the grace of God King of England and France, Lord of Ireland"). Reverse legend: IHC AUTEM TRANSIENS PER MEDIUM ILLORUM IBAT (same as Second Coinage).
Transitional period (1361) and Treaty period (1361–1369) (obverse): EDWARD DEI GRA REX ANGL DNS HYB Z ACQ (Edward by the grace of God King of England Lord of Ireland and Aquitaine). Reverse legend: IHC AUTE TRANSIES P MEDIUM ILLORR IBAT ("But Jesus passing through their midst went His way") (many varieties exist and often whole words are missing).
Post-Treaty period (1369–1377) (obverse): EDWARD DEI G REX ANG Z FRA DNS HYB Z ACT (Edward by the grace of God King of England and France Lord of Ireland and Aquitaine). Reverse legend: same as 1361–1369. ==1377 onwards==