John F Chown, Forrest Capie's A History of Money: From AD 800 PDF

By John F Chown, Forrest Capie

ISBN-10: 0203347064

ISBN-13: 9780203347065

ISBN-10: 0415137292

ISBN-13: 9780415137294

This booklet provides an in depth and remarkable historical past of cash from Charlemagne's reform in nearly AD800 to the tip of the Silver Wars in 1896. It additionally summarizes 20th century advancements and locations them of their ancient context.

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6 in 1353, before recovering to 11 by the end of the century. The fall had a dramatic impact on what were by then established monetary systems. Silver (or gold) content is, not the only factor affecting prices. Lane and Mueller, in their excellent and detailed study of Venetian monetary history, have to conclude (pages 32) that ‘no student of Venice has so far succeeded in producing a study of prices, much less than of wages, for the centuries preceding 1550’. This is ‘in sharp contrast to that of Florence’ where data has been compiled by Richard Goldthwaite and others.

There was no change in the quality of either metal although there was a small increase in mint price, a modest reduction in seigniorage. Some of the groats and smaller coins were struck bearing the portrait of Edward VI himself. Others, bearing Henry’s portrait, can also be associated with this coinage as can some of the testoons struck at the Tower. His second coinage was struck to the same standard for the silver but some further depreciation of gold. e. 1548 new style). No testoons appear to have been struck in this period, but for the first time the York Mint was empowered to and did strike groats.

This still gave the name of the mint and the moneyer. Henry had learnt from his father’s expensive mistake but went to the other extreme. This time the operation was a source of profit to his brother, Richard of Cornwall. Richard had acquired a stock of 10,000 marks of silver and could in effect ‘prime the pump’ by having this coined into long cross coins. These were then available to provide an instant exchange to those who brought short cross coins to the mint. This time coins were accepted only by weight and the mint charged a very high seigniorage of 13 pence out of 240.

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A History of Money: From AD 800 by John F Chown, Forrest Capie

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