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Click on image to read the German version.. Copernicus' earliest draft of his essay in 1517 was entitled "De aestimatione monetae" ("On the Value of Coin"). He revised his original notes, while at Olsztyn (Allenstein) in 1519 (which he defended against the Teutonic Knights), as "Tractatus de monetis" ("Treatise on Coin") and "Modus cudendi monetam" ("The Way to Strike Coin").
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Under Gresham's law, "good money" is money that shows little difference between its nominal value (the face value of the coin) and its commodity value (the value of the metal of which it is made, often precious metals, such as gold or silver). [4] The price spread between face value and commodity value when it is minted is called seigniorage.
As the silver coins had a legal tender limit of $5, a glut arose of the lightweight silver coins on the market in the late 1850s. [3] Treasury Secretary James Guthrie briefly suspended the coinage of quarters and half dollars as a result of the surplus, but never investigated the Mint policy responsible for creating the oversupply. The nation's ...
Harl has written numerous books throughout his scholarly life, starting off with Civic Coins and Civic Politics in the Roman East, A.D. 180-275 in 1987. He would go on to write many other books including: Coinage in the Roman Economy, 300 B.C. to A.D. 700 (1996), The World of Byzantium (2001), Great Ancient Civilizations of Asia Minor (2001), The Era of the Crusades (2003), Rome and the ...
Gold coins typically represented larger nominal sums, but they also introduced a bimetallic system of currency which depended on the values of two precious metals. The French "franc", introduced in 1360, was the first coin anywhere to represent exactly 1 pfund or "pound". The gold "sovereign", first minted in 1489, was the first English £1 coin.
The advertisement poster for Coin's Financial School, which includes Coin, the fictional financier, on the right.. Coin's Financial School was an 1894 pamphlet written by lawyer, politician and resort founder William Hope Harvey (1851–1936). [1]
Roman Republican currency is the coinage struck by the various magistrates of the Roman Republic, to be used as legal tender.In modern times, the abbreviation RRC, "Roman Republican Coinage" originally the name of a reference work on the topic by Michael H. Crawford, has come to be used as an identifying tag for coins assigned a number in that work, such as RRC 367.