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

By John F Chown, Forrest Capie

This ebook offers an in depth and wonderful background 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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An interesting feature was that coinage was resumed in Southwark, Canterbury and York (the latter two probably to coin confiscated monastic plate) while a second mint under Thomas Knight was opened at the Tower. 7 per cent. Silver to the face value of £440,213 was struck. This would imply a maximum profit (assuming all minting was on private account) of £183,000. 3 per cent): the £372,120 struck would have produced a maximum profit of £31,000. A sixth coinage was ushered in by indenture of 1 April 1546, the fineness of the gold being reduced to 20 carats and that of the silver to 4 ounces or only one-third fine.

4 grams. These coins were also known as nomisma (plural nomismata) or hyperperon (hyperpera). This coin was introduced by Constantine the Great in AD 309, and maintained its standard until the reign of Michael IV (1034–41). It was then debased, but the old nomisma continued as a money of account. Alexius I Comnenus repaired some of the ravages of Michael’s debasement in 1092, introducing a new nomisma (hyperperon or perpero) seven-eighths of the value of the original. As we shall see, this became used as a (gold) money of account in Venice, alongside the Carolingian libra.

The only change was in the figure ‘VIII’. 1 Units of weight in the Tower and Troy systems been dearly bought, and substantial sums had to be remitted to Flanders. English money was not being accepted there at the usual 30 shillings Flemish to the pound sterling: Henry disputed the lower tariff but after assays at the Goldsmiths Hall confirmed the lower rating, he had to accept it (Challis 1978: 87). There had to be a recoinage (the ‘second coinage’) in 1526, and this did involve a change of design and of weight.

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