By John F Chown, Forrest Capie
This booklet offers a close and amazing 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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Extra info for A History of Money: From AD 800
After that Scotland no longer had an independent coinage system, although separate coins were in fact struck until 1709. It continued to have its own, and significant, banking history. APPENDIX MONIES OF ACCOUNT IN VENICE After the introduction of the grosso, the term lira (libra in Latin) could have two meanings. The traditional Venetian lira (‘lib ven’ in documents) continued to mean 240 actual current denarii parvi (or piccoli) and was described more precisely as the ‘libra denariorum parvorum’ or ‘lira di piccoli’.
A more remarkable experiment was tried with silver. A new shilling (the name testoon being in bad odour) was struck of 8 ounces fine silver, but weighing only 60 grains, with the portrait of Edward VI himself. Groats and smaller coins continued to be struck on the 4 ounce standard, but, with his father’s portrait. ) was strictly maintained. e. with the King’s name and title on the reverse, an unusual arrangement, possibly designed to ensure that they could be distinguished from the Edward portrait groats of the first coinage.
5 grains of fine silver) was not only still intact in 1066 but persisted for a further couple of centuries. It even emerged unscathed from the anarchy during the (nominal) reign of Stephen. The short cross coinage (1180–1247) Compared with the abundance of late Anglo-Saxon and early Norman coinage, relatively little English coinage was struck between 1100 and 1180. Indeed, during this period, money declined in use throughout Europe, which reverted towards a subsistence and barter economy. In 1180 Henry II ordered a major recoinage under the technical direction of a Frenchman, Philip Emery, from the famous mint city of Tours, which, in 1203, was to become important in the history of French coinage.
A History of Money: From AD 800 by John F Chown, Forrest Capie