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Author Topic: Lowest denominations  (Read 4984 times)

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Offline Figleaf

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Re: Lowest denominations
« Reply #135 on: December 19, 2016, 05:32:49 PM »
The ballast story is correct, but my understanding is that it was more a metal arbitrage game. The Merchant on board the ship had instructions to sell copper wherever the price was above what the king of Sweden wanted (the king was the owner of the great Swedish copper mines), so that surplus copper would not disturb the copper market price. In other words, the plate "coins" were treated as a commodity, not as money. Today's equivalent would be Kruger rands (subject to VAT), not US quarters in Zimbabwe.

@ mrbadexample: I can recommend a visit to Sweden. The royal coin cabinet in Stockholm has an impressive collection of plate coins.

Peter
An unidentified coin is a piece of metal. An identified coin is a piece of history.

Offline mrbadexample

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Re: Lowest denominations
« Reply #136 on: December 20, 2016, 08:03:27 PM »
It's on the list Peter. It's a long list but it's pretty close to the top. ;)

Offline FosseWay

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Re: Lowest denominations
« Reply #137 on: December 20, 2016, 08:34:09 PM »
Leave it a few months though. It's dark at the moment.  ;)

Offline mrbadexample

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Re: Lowest denominations
« Reply #138 on: December 21, 2016, 12:40:14 AM »
Leave it a few months though. It's dark at the moment.  ;)

 ;D

Offline malj1

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Re: Lowest denominations
« Reply #139 on: December 21, 2016, 04:25:59 AM »
Our longest day today in Oz.   ;)
Malcolm
Have a look at  my tokens and my banknotes.