 It refers to the Royal Mint which took over St. Clare's Monastery after it was confiscated by the crown during the Reformation.In 15659, most of the residents in the street were craftsmen such as carpenters, weaversn coopers, wood carvers, wheelwrights, glove makers and basket makers.Poul Fechtel, who had been Royal Mint Master from 1536 until 1565, created a charitable housing development on a lot granted by the king in 1570.