By John F Chown, Forrest Capie
This publication offers an in depth and awesome heritage 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 areas them of their ancient context.
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Extra info for A History of Money: From AD 800
Lucca (1273) was the third Italian city to have a successful gold coinage. Venetian merchants, in contrast, specialised in imports from the Orient. Venice already had a circulation of (Byzantine) gold coins and the merchants accounted in gold perpera (as the new nomismata were now called) as well as in silver. The need for a new coin was less urgent, and it was not until 1284 that Venice, using Hungarian mined gold, began to strike its own gold ducats. The then Doge was Giovanni Dandolo: the Dandolo family produced several doges, and four of them were responsible for monetary innovations.
The first attempt to introduce a large silver coin, a fourpenny groat, was part of the 1279 recoinage of Edward I. This also included the first round silver halfpennies and farthings. These groats were never really accepted in trade, but caught the eye of the ladies: most of those which survive had been gilded and mounted as brooches. Both attempts to introduce new coins were abortive thanks perhaps to ‘stupid conservatism or interested intrigues on the part of the money dealers’ (Oman 1967:170) or possibly because the need was less urgent.
The early coins were typically actually rather heavier than the English equivalent. Later still, imitation sterlings based on Edward I’s long cross type, became widely used in the Low Countries and elsewhere. This, though belongs to the period of the ‘commercial revolution’ and Chapter 4. 4 MONEY IN THE COMMERCIAL REVOLUTION INTRODUCTION For much of the twelfth century, up to about 1180, the European economy, based on the feudal system, was essentially a self-sufficient agricultural community. Landlords received their rent, and the church its tithes, in the form of produce.
A History of Money: From AD 800 by John F Chown, Forrest Capie