The 'heads' of a contemporary coin, with a head of the god Bacchus, that was sampled as part of the project.Credit: University of Warwick
The 'heads' of a contemporary coin, with a head of the god Bacchus, that was sampled as part of the project.Credit: University of Warwick
It’s nice to know we can debase our currency without issue, unlike the Romans. After all we have “experts”. /sarcasm
So the Roman Treasury began printing Federal Reserve Notes rather than Silver Certificates.
Very Interesting.
Americans take note, History Repeats Itself.
I thought this was well known. Perhaps not the specifics listed here, but debasing the coinage is an old and established trick. The Romans often had financial crises because the government spent too much and then needed to stretch the money supply further than it could go.
Well maybe there was a financial crisis, and maybe there wasn’t. One thing for certain, in 2000 years nobody is going to be digging up bitcoins.
‘The college of praetors”
Great football team.
Went 11-1 last year.
If he was wearing a baseball cap, he’d look just like my Uncle Bill.
Why "sic?" The word "debasement" is totally appropriate and fitting here. What is the author trying to imply?
A debasement of coinage is the practice of lowering the intrinsic value of coins, especially when used in connection with commodity money, such as gold or silver coins. A coin is said to be debased if the quantity of gold, silver, copper or nickel in the coin is reduced.
-Wikipedia
Regards,
Sounds like a bit of insider embezzlement- steal 10% of the raw silver and replace it with copper so the expected number of coins are minted.
pre-1982 penny 100% copper
Worth three cents
Now, they’re yanked out of circulation and replaced with zinc.
...nothing new under the sun
Repeat after me boys and girls:
All fiat currencies eventually go to 0.
All of them. Government’s debase the currency to allow more spending. Thus inflation.
Now you understand why gold, silver, and cryptocurrency. They are beyond the power of governments to set a value on them. They cannot be debased.
Why are the ridges on the edges of dimes and quarters? Because they were originally intrinsically valuable silver. The ridges made it clear if silver were shaved off the edge.
