Pictures of German Life in the XVth, XVIth, and XVIIth Centuries, Vol. II.Freytag, Gustav
History
Pictures of German Life in the XVth, XVIth, and XVIIth Centuries, Vol. II.
Freytag, Gustav
Germany -- Civilization; Germany -- Social life and customs
Besides the licensed coiners, there were others in most of the ten
Circles, of easier conscience and bolder practice; not exactly false
coiners in our sense of the term, although this was carried on with
great recklessness; but nobles and corporations who had the right of
coining, and prized it highly as a source of income; for, contrary to
the Imperial decrees, which imposed upon them the duty of having their
money coined in one of the approved mints of the Circle, they coined
actively in their own territory. Sometimes they let their right of
coining for a year's rent, nay, they even disposed of their mints to
other princes as a speculation. These irregular coining places were
called hedge mints, and in them a systematic corruption of money took
place. No inquiry was made as to the right of the coiners; whoever knew
how to manage fire and metal, engaged in this kind of work. There was
little regard for the prescribed fineness of texture, and weight of the
money; it was coined with false stamps, and the head of the ruler, with
the date of a better period, were stamped on light coin; nay, in regular
false coining, the stamps of foreign mints were often counterfeited. The
brightness of the new coin was removed by tartar or lead water; and all
this took place under the protection of the Sovereign. The disposal of
the money thus coined required all the cunning and circumspection of the
agents, and a line of industry was in this way formed, which we may
presume occupied many intermediate hands. Thundering decrees had been
fulminated for seventy years at the Imperial Diets and Assemblages of
the circles, against the hedge mints, but without success. Indeed, after
the introduction of good Imperial money, they became more numerous and
active, for the work paid better.
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