tag:blogger.com,1999:blog-6704573462403312459.post6113048326634269539..comments2024-03-28T06:53:23.473-04:00Comments on Moneyness: The ubiquitous Spanish dollar—a photo essayJP Koninghttp://www.blogger.com/profile/02559687323828006535noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-6704573462403312459.post-76659700281162929102017-12-02T23:07:31.563-05:002017-12-02T23:07:31.563-05:00What I don't get is why some went through the ...What I don't get is why some went through the bother of stamping out the middle of coins.<br /><br />It seems that cutting the coins into wedges would be the intuitive way to go. Cheaper and easier. Warrenhttps://www.blogger.com/profile/11831134364412434684noreply@blogger.comtag:blogger.com,1999:blog-6704573462403312459.post-65370648330356272862017-10-14T11:22:51.499-04:002017-10-14T11:22:51.499-04:00I threw the bit about forking in for my bitcoin re...I threw the bit about forking in for my bitcoin readers. There are some similarities, however a crypto fork creates two entirely different coins whereas an overstamp of a traditional coin replaces one with the other.JP Koninghttps://www.blogger.com/profile/02559687323828006535noreply@blogger.comtag:blogger.com,1999:blog-6704573462403312459.post-76957264096135628192017-10-14T11:21:10.075-04:002017-10-14T11:21:10.075-04:00Hi Jacques, good point. A livre tournois would hav...Hi Jacques, good point. A livre tournois would have actually only contained 20 sous. The LSD unit of account is such that livre=pound, sous=shilling, and denier=penny, where 1L contains 20S, and 1S contains 12D, or 240D in 1L.<br /><br />That 1 sous was worth just 1/2 penny shows how far the French coins had been devalued relative to the English ones. JP Koninghttps://www.blogger.com/profile/02559687323828006535noreply@blogger.comtag:blogger.com,1999:blog-6704573462403312459.post-68782136013144299152017-10-14T00:15:38.687-04:002017-10-14T00:15:38.687-04:00The idea of forking here is very much analogous to...The idea of forking here is very much analogous to the forking of the bitcoin in other cryptocurrency coins each with its own value.Mudit Guptahttps://www.blogger.com/profile/13782089286575818438noreply@blogger.comtag:blogger.com,1999:blog-6704573462403312459.post-8302427529845682142017-10-13T18:47:39.496-04:002017-10-13T18:47:39.496-04:00And remember that early in New France (later Lower...And remember that early in New France (later Lower (Bas) Canada, then Québec), the monetary unit was the Livre tournois (in the Middle Ages equivalent to the Pound Sterling) of 240 sols...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6704573462403312459.post-16237967210450290242017-10-13T12:29:14.508-04:002017-10-13T12:29:14.508-04:00People have been overstamping or countermarking co...People have been overstamping or countermarking coins a lot longer than they have banknotes.<br /><br />Why didn't the BoE bring them to the Royal Mint for melting and minting into coin of the realm? Because the Mint's official price undervalued silver, so the BoE would be taking a big loss. By avoiding the mint, it could offload its silver at (or even above) its market value.JP Koninghttps://www.blogger.com/profile/02559687323828006535noreply@blogger.comtag:blogger.com,1999:blog-6704573462403312459.post-57672380256962594992017-10-13T10:23:28.163-04:002017-10-13T10:23:28.163-04:00Wow ! you found an example of overstamping , on co...Wow ! you found an example of overstamping , on coins!<br />Why did the BoE not have them melted and minted in the form of a British coin current at the time.Dinerohttps://www.blogger.com/profile/14632385731642361211noreply@blogger.com