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Re: USAGE: Currencies and -s

From:Padraic Brown <pbrown@...>
Date:Friday, September 1, 2000, 4:07
On Thu, 31 Aug 2000, Nik Taylor wrote:

>Raymond Brown wrote: >> But the trouble with gold coinage is that if inflation weakens the pound, >> the coin becomes worth more than its face value! > >That seems really odd to have a coin whose value changes.
Not strange at all. We did it all the time, in those days. Same phenomenon happened when US banks issued currency (value decreased in proportion to distance from issuing city); and when the CSA was alive and kicking (I have an exchange rate chart of CS to US dollars).
> >> The Florin was introduced by them as a tenth of a >> pound which, of course, it was as it was worth 2 shillings. There was, >> apparently, a limited amount of dimes (1/10 of a Florin) and cents (1/100 >> of a Florin) minted, but never issued as the Victorian decimalization was >> never implemented. > >So, the "cent" would've been 1/1000 of a pound? > >Do you, or does anyone else on the list, know of a good website about >the old British money, and the origins of those coins, and other >countries' as well? I'd like to get some ideas for con-monetary >systems.
See www.tclayton.demon.co.uk/coins.html and also .../metals.html Mr Tony Clayton is extremely knowledgeable in British money, and is an all around good chap. Padraic.
> >-- >"Only two things are infinite - the universe and human stupidity, and >I'm not sure about the universe." - Albert Einstein >ICQ: 18656696 >AIM Screen-Name: NikTailor >