Register to attend our live meetings.
Started by Figleaf, July 24, 2010, 02:31:05 PM
0 Members and 1 Guest are viewing this topic.
Quote from: Figleaf on July 24, 2010, 02:31:05 PMAgreed, asm. I am wondering why the Mughals needed so many mints and wondeering if some of them could have been travelling mints, moving with the Mughal as he inspects one place after another, striking money as needed.Peter
Quote from: Figleaf on July 26, 2010, 11:28:01 PM...... Army camps do produce a lot of scrap metal, especially during a military campaign. One worn cannon would be enough for an enormous amount of copper coins. Think also of leaking pots and pans, bent and pierced pieces of armor etc.Peter
Quote from: Figleaf on July 29, 2010, 12:31:38 PMWhat was really different was that in Europe, coins were tariffed by the government, while in India, they were tariffed by the money changers. As a result, Gresham's law operated in Europe: the lightest coins stayed in circulation, the heaviest were hoarded. In India, the effect was that all coins were equally good/bad to those in the know as long as the right price was applied, so that all stayed in circulation until too worn.