The History of Currency, 1252 to 1896Shaw, William Arthur
History
The History of Currency, 1252 to 1896
Shaw, William Arthur
Money -- History
In France, as in Germany, the first coining of gold can only be dated
approximately, but for all practical purposes quite safely. The
generally accepted view is that the French series of gold coins was
initiated in 1254 by Louis IX., "St. Louis," and that the issue was
connected with the Sixth Crusade which he had headed five years before.
There is documentary evidence extant to disprove this. _Florins d'or
appelez Florences_ are mentioned as early as 1180, not vaguely but quite
definitely with an exact statement of weight standard and equivalence.
Unless the record of the first minting of the gold florin at Florence is
untrustworthy the coin here referred to can only be an imitation in gold
of the silver florin of Florence. The same document which contains this
reference (De Saulcy, i. 115) also specifies _petits royaux d'or_ as
minted not only in 1180 by Philip Augustus, but also in the days of his
father, Louis VII. Similar mention of at least two gold coins of Louis
IX. occurs as early as 1226, one evidently of the florin type, the other
a _pavillon d'or_. It is quite safe to assert, however, that these coins
were for show merely, due to an emulation of Byzantine and Italian
opulence, and indicate no wide or commercial employment of gold. Of the
gold florins of 1226, for instance, thirteen pieces were struck, twelve
for twelve peers of France as a gift, the thirteenth for the King
himself, "and know you that this is the most beautiful money that can be
found, and the finest and best engraved." The interest of such issues is
entirely numismatic and not commercial or monetary.[2] It is not until
late in the reign of St. Louis--until 1265 or thereabouts--that there is
mention in France of any such gold coinage as could have this commercial
rather than merely numismatic importance. For the purposes of metallic
or currency history proper the real starting-point for France is marked
rather by the _gros royaux d'or_, coined in 1295 by Philip le Bel, than
by the more meagre coinage of St. Louis and his predecessors. The _gros
royaux_ of Philip were double the value of the _petits royaux_ of St.
Louis, of which latter Philip le Bel speaks thus in his proclamation.
"We have commanded to be made in our name money of gold after the
_petits royaux d'or_, which shall be 70 to the Paris mark and cut as the
_petits royaux_ have been used to be, being issued at an equivalence of
11 sols Parisi." From this date (1295) onward the gold coinage of the
French Mint became one of the most important factors in the monetary
history of Europe.
Public-domain text, read in full here on John Shaqi.
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