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Pure greed. It was widespread practice to pare a little off any silver coin to be melted down and presumably sold. Unfortunately they carried on 'paring' even if it had been previously mutilated!!

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Thanks geordi! It does look like a halfgroat of Henry VII london mint! But why is it clipped? what was the logic behind it?

 

In the 15th century English groats were clipped heavily and passed off as currency in Ireland due to the sheer dearth of Irish coins being minted. So this would perhaps explain this.

 

Are the photos representative of the coin's natural patina? It looks rather green in these images.

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