Genoese Lira
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Genoese Lira
The Genoese lira ( it, Lira genovese) was the currency of the Republic of Genoa until 1797. History The mint in the Republic of Genoa began its production around 1138, with coins introduced in line with similar versions issued in the rest of Europe, as follows: * The silver '' denaro'' in 1138, containing 1.06 grams of 1/3 fine silver (or 84.8 g fine silver in a lira); * The silver '' grosso'' in 1172 worth 4 ''denari'', of 1.4 g 23/24 of fine silver (or 80.5 g fine silver in a lira); * The gold '' Genovino d'oro'' in 1252, at about the same time as the Florentine florin; of 3.5 g fine gold, and worth 1/2 lira (each lira worth either 7 g fine gold or 70 g fine silver); * The ''testone'' or 1-lira coin before 1500, containing about 13 g of 23/24 fine silver (or 12.5g fine). It was the highest-valued Italian coin unit in the end of the 15th century. Genoese currency became important in the 16th century during the Golden age of Genoese banking, with the Spanish Empire funnellin ...
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Lira Genovese
Lira is the name of several currency units. It is the current currency of Turkey and also the local name of the currencies of Lebanon and of Syria. It is also the name of several former currencies, including those of Italy, Malta and Israel. The term originates from the value of a Roman pound ( la, libra, about 329g, 10.58 troy ounces) of high purity silver. The libra was the basis of the monetary system of the Roman Empire. When Europe resumed a monetary system, during the Carolingian Empire, the Roman system was adopted. The Roman denominations ''librae'', ''solidi'', ''denarii'' were used (becoming known in England as £sd). Particularly this system was kept during the Middle Ages and Modern Age in England, France, and Italy. In each of these countries the ''libra'' was translated into local language: pound in England, livre in France, ''lira'' in Italy. The Venetian lira was one of the currencies in use in Italy and due to the economic power of the Venetian Republic a ...
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Doubloon
The doubloon (from Spanish ''doblón'', or "double", i.e. ''double escudo'') was a two-''escudo'' gold coin worth approximately $4 (four Spanish dollars) or 32 '' reales'', and weighing 6.766 grams (0.218 troy ounce) of 22-karat gold (or 0.917 fine; hence 6.2 g fine gold).Pre-1728 weight standard 27.468/4 = 6.867 g mentioned here is not confirmed in several sources. https://coins.nd.edu/ColCoin/ColCoinIntros/Sp-Gold.intro.html Doubloons were minted in Spain and the viceroyalties of New Spain, Peru, and Nueva Granada (modern-day Colombia, Ecuador, Panama, and Venezuela). As the Spanish escudo succeeded the heavier gold ''excelente'' (or ''ducado'', ducat; 3.1 g vs 3.48 g fine gold) as the standard Spanish gold coin, the doubloon therefore succeeded the ''doble excelente'' or double-ducat denomination. In modern times, the doubloon is remembered due in large part to the influence of historical fiction about piracy. History Spanish American gold coins were minted in one-half, one, ...
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Obsolete Italian Currencies
Obsolescence is the state of being which occurs when an object, service, or practice is no longer maintained or required even though it may still be in good working order. It usually happens when something that is more efficient or less risky replaces it. The international standard IEC 62402:2019 Obsolescence Management defines obsolescence as the "transition from available to unavailable from the manufacturer in accordance with the original specification". Obsolete also refers to something that is already disused or discarded, or antiquated. Typically, obsolescence is preceded by a gradual decline in popularity. Consequences Driven by rapid technological changes, new components are developed and launched on the market with increasing speed. The result is a dramatic change in production methods of all components and their market availability. A growing industry sector is facing issues where life cycles of products no longer fit together with life cycles of required components ...
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Currencies Of Italy
A currency, "in circulation", from la, currens, -entis, literally meaning "running" or "traversing" is a standardization of money in any form, in use or circulation as a medium of exchange, for example banknotes and coins. A more general definition is that a currency is a ''system of money'' in common use within a specific environment over time, especially for people in a nation state. Under this definition, the British Pound Sterling (£), euros (€), Japanese yen (¥), and U.S. dollars (US$)) are examples of (government-issued) fiat currencies. Currencies may act as stores of value and be traded between nations in foreign exchange markets, which determine the relative values of the different currencies. Currencies in this sense are either chosen by users or decreed by governments, and each type has limited boundaries of acceptance - i.e. legal tender laws may require a particular unit of account for payments to government agencies. Other definitions of the term "currency ...
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Mint (facility)
A mint is an industrial facility which manufactures coins that can be used as currency. The history of mints correlates closely with the history of coins. In the beginning, hammered coinage or cast coinage were the chief means of coin minting, with resulting production runs numbering as little as the hundreds or thousands. In modern mints, coin dies are manufactured in large numbers and planchets are made into milled coins by the billions. With the mass production of currency, the production cost is weighed when minting coins. For example, it costs the United States Mint much less than 25 cents to make a quarter (a 25 cent coin), and the difference in production cost and face value (called seigniorage) helps fund the minting body. Conversely, a U.S. penny ($0.01) cost $0.015 to make in 2016. History The first minted coins The earliest metallic money did not consist of coins, but of unminted metal in the form of rings and other ornaments or of weapons, which were used for th ...
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Italian Lira
The lira (; plural lire) was the currency of Italy between 1861 and 2002. It was first introduced by the Napoleonic Kingdom of Italy in 1807 at par with the French franc, and was subsequently adopted by the different states that would eventually form the Kingdom of Italy in 1861. It was subdivided into 100 ''centesimi'' (singular: ''centesimo''), which means "hundredths" or "cents". The lira was also the currency of the Albanian Kingdom from 1941 to 1943. The term originates from ''libra'', the largest unit of the Carolingian monetary system used in Western Europe and elsewhere from the 8th to the 20th century. The Carolingian system is the origin of the French ''livre tournois'' (predecessor of the franc), the Italian lira, and the pound unit of sterling and related currencies. In 1999 the euro became Italy's unit of account and the lira became a national subunit of the euro at a rate of €1 = Lit. 1,936.27, before being replaced as cash in 2002. History Etymology ...
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French Franc
The franc (, ; sign: F or Fr), also commonly distinguished as the (FF), was a currency of France. Between 1360 and 1641, it was the name of coins worth 1 livre tournois and it remained in common parlance as a term for this amount of money. It was reintroduced (in decimal form) in 1795. After two centuries of inflation, it was redenominated in 1960, with each (NF) being worth 100 old francs. The NF designation was continued for a few years before the currency returned to being simply the franc. Many French residents, though, continued to quote prices of especially expensive items in terms of the old franc (equivalent to the new centime), up to and even after the introduction of the euro (for coins and banknotes) in 2002. The French franc was a commonly held international reserve currency of reference in the 19th and 20th centuries. Between 1998 and 2002, the conversion of francs to euros was carried out at a rate of 6.55957 francs to 1 euro. History The French Franc tr ...
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Spanish Dollar
The Spanish dollar, also known as the piece of eight ( es, Real de a ocho, , , or ), is a silver coin of approximately diameter worth eight Spanish reales. It was minted in the Spanish Empire following a monetary reform in 1497 with content 25.563 g = 0.822 oz t fine silver. It was widely used as the first world currency, international currency because of its uniformity in standard and milling characteristics. Some countries countermarked the Spanish dollar so it could be used as their local currency. Because the Spanish dollar was widely used in Europe, the Americas, and the Far East, it became the first world currency by the late 18th century. The Spanish dollar was the coin upon which the original United States dollar was based (at 0.7735 oz t = 24.0566 g), and it remained legal tender in the United States until the Coinage Act of 1857. Many other currencies around the world, such as the Japanese yen and the Yuan (currency), Chinese yuan, were initially based on the Span ...
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Siege Of Genoa (1746)
The siege of Genoa took place in 1746 during the War of the Austrian Succession when an Allied force of Austrians, Sardinian people, Sardinian soldiers, and United Kingdom, British sailors besieged the capital of the Republic of Genoa. The city ultimately surrendered to commander Antoniotto Botta Adorno, after being abandoned by its principal allies France and Spain. The manner in which Austria had negotiated a separate surrender that didn't include Britain or Sardinia angered their allies, and for a while the British fleet under George Townshend (Royal Navy officer), George Townshend were instructed by Arthur Villettes to continue their blockade of the city in protest until ordered to cease it by the Thomas Pelham-Holles, 1st Duke of Newcastle, Duke of Newcastle in London. Aftermath The Austrians mistreated many of the inhabitants of Genoa, causing deep resentment. Following the departure of large numbers of the Austrians for an Siege of Antibes, Allied invasion of France, the c ...
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Pistole
Pistole is the French name given to a Spanish gold coin in use from 1537; it was a doubloon or double escudo, the gold unit. The name was also given to the Louis d'Or of Louis XIII of France, and to other European gold coins of about the value of the Spanish coin. One pistole was worth approximately ten livres or three écus, but higher figures are also seen. The derivation is uncertain; the term may come from the Czech ''píšťala'' ("whistle", a term for a hand cannon), or from the Italian town of Pistoia; either way, it was originally spelled ''pistolet'' and originated in military slang, and probably has the same root as pistol. A small number of gold pistoles and double pistoles were minted in Ireland in 1646, during the Irish Confederate Wars and the reign of Charles I. James Butler, 1st Duke of Ormond authorised the issue in order to prevent troop defections, as there was a shortage of silver coins for paying soldiers. The coins had an approximate value of 13 shillings ...
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Spanish Escudo
The escudo was either of two distinct Spanish currency denominations. Gold escudo The first escudo was a gold coin introduced in 1535/1537, with coins denominated in escudos issued until 1833. It was initially worth 16 '' reales''. When different reales were introduced, the escudo became worth 16 ''reales de plata'' in 1642, then 16 ''reales de plata fuerte'' or 40 ''reales de vellón'' from 1737. Coins Gold coins were issued in denominations of , 1, 2, 4 and 8 escudos, with the 2 escudos coin known as the doubloon. Between 1809 and 1849, coins denominated as 80, 160 and 320 reales (de vellon) were issued, equivalent, in gold content and value, to the 2, 4 and 8 escudo coins. Most were minted in Madrid, marked with a superscripted M or in Seville bearing an S below and left of the Royal Coat of Arms. The mintmaster's initials appeared on the opposite side. Silver escudo The second escudo was the currency of Spain between 1864 and 1869. It was subdivided into 100 ''céntimos de ...
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