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Coin Clipping
Coin debasement is the act of decreasing the amount of precious metal in a coin, while continuing to circulate it at face value. This was frequently done by governments in order to inflate the amount of currency in circulation; typically, some of the precious metal was replaced by a cheaper metal when the coin was minted. But when done by an individual, precious metal was physically removed from the coin, which could then be passed on at the original face value, leaving the debaser with a profit. Coin debasement was effected by several methods, including clipping (shaving metal from the coin's circumference) and sweating (shaking the coins in a bag and collecting the dust worn off). Until the mid-20th century, coins were often made of silver or (rarely) gold, which were quite soft and prone to wear. This meant coins naturally got lighter (and thus less valuable) as they aged, so coins that had lost a small amount of bullion would go unnoticed. Modern coins used as currency are ma ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Post Medieval Hoard Of Coin Clippings (FindID 532965)
Post or POST commonly refers to: *Mail, the postal system, especially in Commonwealth of Nations countries **An Post, the Irish national postal service **Canada Post, Canadian postal service **Deutsche Post, German postal service **Iraqi Post, Iraqi postal service **Russian Post, Russian postal service **Hotel post, a service formerly offered by remote Swiss hotels for the carriage of mail to the nearest official post office **United States Postal Service or USPS **Parcel post, a postal service for mail that is heavier than ordinary letters *Post, a job or occupation Post, POST, or posting may also refer to: Architecture and structures *Lamppost, a raised source of light on the edge of a road *Post (structural), timber framing *Post and lintel, a building system * Steel fence post *Trading post *Utility pole or utility post Military *Military base, an assigned station or a guard post **Outpost (military), a military outpost **Guardpost, or guardhouse Geography * Post, Iran, a v ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hoxne Hoard
The Hoxne Hoard ( ) is the largest hoard of late Roman silver and gold discovered in Britain, and the largest collection of gold and silver coins of the fourth and fifth centuries found anywhere within the former Roman Empire. It was found by Eric Lawes, a metal detectorist in the village of Hoxne in Suffolk, England in 1992. The hoard consists of 14,865 Roman gold, silver, and bronze coins and approximately 200 items of silver tableware and gold jewellery. The objects are now in the British Museum in London, where the most important pieces and a selection of the rest are on permanent display. In 1993, the Treasure Valuation Committee valued the hoard at £1.75 million (about £ in ). The hoard was buried in an oak box or small chest filled with items in precious metal, sorted mostly by type, with some in smaller wooden boxes and others in bags or wrapped in fabric. Remnants of the chest and fittings, such as hinges and locks, were recovered in the excavation. The coins of th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Siliqua
The siliqua (plural ''siliquae'') is the modern name given (without any ancient evidence to confirm the designation) to small, thin, Roman silver coins produced in the 4th century A.D. and later. When the coins were in circulation, the Latin word ''siliqua'' was a unit, perhaps of weight defined by one late Roman writer as one twenty-fourth of a Roman solidus. The term siliqua comes from the ''siliqua graeca'', the seed of the carob tree, which in the Roman weight system is equivalent to of a scruple ( of a Roman pound or about 0.19 grams). The term has been applied in modern times to various silver coins on the premise that the coins were valued at of the gold solidus (which weighed of a Roman pound) and therefore represented a siliqua of gold in value. Since gold was worth about 12 times as much as silver in ancient Rome (in Diocletian's ''Edict of Maxmimum Prices'' of 301),Bransbourg, Giles. "Inflation and monetary reforms in the fourth century: Diocletian's twin Edict ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fiat Money
Fiat money (from la, fiat, "let it be done") is a type of currency that is not backed by any commodity such as gold or silver. It is typically designated by the issuing government to be legal tender. Throughout history, fiat money was sometimes issued by local banks and other institutions. In modern times, fiat money is generally authorized by government regulation. Fiat money generally does not have intrinsic value and does not have use value. It has value only because the individuals who use it as a unit of account or, in the case of currency, a medium of exchange agree on its value. They trust that it will be accepted by merchants and other people. Fiat money is an alternative to commodity money, which is a currency that has intrinsic value because it contains, for example, a precious metal such as gold or silver which is embedded in the coin. Fiat also differs from representative money, which is money that has intrinsic value because it is backed by and can be converte ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Master Of The Mint
Master of the Mint is a title within the Royal Mint given to the most senior person responsible for its operation. It was an important office in the governments of Scotland and England, and later Great Britain and then the United Kingdom, between the 16th and 19th centuries. Until 1699, appointment was usually for life. Its holder occasionally sat in the cabinet. During the interregnum (1643–1660) the last Master of the Mint to King Charles, Sir Robert Harley, transferred his allegiance to Parliament and remained in office. After his death in 1656 Aaron Guerdon was appointed. In 1870 the role was amalgamated into the office of the Chancellor of the Exchequer, making the Chancellor, by virtue of his position, the Master of the Mint. The duty of running the mint was given to the Deputy Master of the Mint; who is now the mint's Chief Executive. Masters of the Mint in England *1331 Richard de Snowshill and Richard of Grimsby *1351–? Henry de Bruselee and John Chichester Go ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Isaac Newton
Sir Isaac Newton (25 December 1642 – 20 March 1726/27) was an English mathematician, physicist, astronomer, alchemist, theologian, and author (described in his time as a " natural philosopher"), widely recognised as one of the greatest mathematicians and physicists and among the most influential scientists of all time. He was a key figure in the philosophical revolution known as the Enlightenment. His book (''Mathematical Principles of Natural Philosophy''), first published in 1687, established classical mechanics. Newton also made seminal contributions to optics, and shares credit with German mathematician Gottfried Wilhelm Leibniz for developing infinitesimal calculus. In the , Newton formulated the laws of motion and universal gravitation that formed the dominant scientific viewpoint for centuries until it was superseded by the theory of relativity. Newton used his mathematical description of gravity to derive Kepler's laws of planetary motion, account for ti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Engraving
Engraving is the practice of incising a design onto a hard, usually flat surface by cutting grooves into it with a burin. The result may be a decorated object in itself, as when silver, gold, steel, or glass are engraved, or may provide an intaglio printing plate, of copper or another metal, for printing images on paper as prints or illustrations; these images are also called "engravings". Engraving is one of the oldest and most important techniques in printmaking. Wood engraving is a form of relief printing and is not covered in this article, same with rock engravings like petroglyphs. Engraving was a historically important method of producing images on paper in artistic printmaking, in mapmaking, and also for commercial reproductions and illustrations for books and magazines. It has long been replaced by various photographic processes in its commercial applications and, partly because of the difficulty of learning the technique, is much less common in printmaking, wher ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reeding
Reeding is a technique wherein a number of narrow ridges called "reeds" are carved or milled into a surface. __NOTOC__ Numismatics In numismatics, reeded edges are often referred to as "ridged" or "grooved" (American usage), or "milled" (British usage). Some coins, such as United States quarters and dimes, 1 euro, Australian 5, 10, 20 cents, 1 and 2 dollars, as well many other current coins, have reeded edges. One reason for having reeded edges was to prevent counterfeiting. Some gold and silver coins were reeded to discourage clipping, i.e. scraping off the precious metals from the edge of the coin, to maintain its stated value in precious metal. This practice was made more difficult through the implementation of reeding by Isaac Newton in 1698, during his time as warden of the Royal Mint. Another benefit of certain coins having reeded edges is that it helps the visually impaired identify different coin denominations by sense of touch alone. This dual purpose of reeding is ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
William May (pirate)
William Mayes (fl. 1689–1700) was a pirate active in the Indian Ocean. He was best known for taking over William Kidd’s ship ''Blessed William'' and sailing with Henry Avery. History After a time as a buccaneer and privateer in the Nine Years' War, May joined William Kidd's crew in 1689 aboard the ''Blessed William''. Led by Robert Culliford, the crew mutinied against Kidd and voted May as captain, taking several small Spanish vessels in the Caribbean. May sailed to New York, where acting Governor of New York Jacob Leisler granted May a privateering commission versus the French. May attacked French ships, giving a French prize renamed ''Horne Frigate'' to Culliford. After French privateers stole their collected loot, they exchanged the ''Blessed William'' for a prize ship they named ''Jacob'' and sailed to Madagascar in late 1690. After a cruise in the Indian Ocean, May and his quartermasters Culliford and Samuel Burgess returned to New York, leaving the Jacob under the co ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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