During his life Henry VII had accumulated enormous wealth, and it took his son, Henry VIII, until 1542 to squander it. Henry knew the English coinage had been debased in the past and did not see why it should not be debased again, this time for his personal benefit. Full debasement began officially in 1544. The angel varied in value from 6 shillings 8 pence to 11 shillings between Edward's reign and the time of James I. During the reign of Henry VIII, it was valued at seven shillings and six pence (7/6) or 90 pence, the half angel being half that value. The angel was last produced under Charles I in 1642.