The coffee house was opened around 1680 by Jonathan Miles in Change (or Exchange) Alley, in the City of London.
In 1698, it was used by John Castaing to post the prices of stocks and commodities, the first evidence of systematic exchange of securities in London.
That year, dealers expelled from the Royal Exchange for rowdiness migrated to Jonathan's (as well as to Garraway's Coffee-House).
It was the scene of a number of critical events in the history of share trading, including the South Sea Bubble and the panic of 1745.
The original Jonathan's served as the home of a lottery office until it was destroyed by fire in 1748.