The History of Currency, 1252 to 1896Shaw, William Arthur
History
The History of Currency, 1252 to 1896
Shaw, William Arthur
Money -- History
+----------+--------------------+-------------------------------+
| | The Mark of Silver | The Mark of Gold |
| | coined into | coined into |
| Date. | | |
| +-----------+--------+-----------+--------+----------+
| | Livres | Sols. | Livres | Sols. | Deniers. |
| |(Tournois).| |(Tournois).| | |
+----------+-----------+--------+-----------+--------+----------+
| 1309 | 2 | 19 | 44 | 0 | 0 |
| (Philp | | | | | |
| le Bel.)| | | | | |
| 1315 | 2 | 14 | 45 | 0 | 0 |
| 1343 | 3 | 4 | 43 | 6 | 8 |
| 1350 | 5 | 5 | 53 | 18 | 9 |
| 1361 | 5 | 0 | 60 | 0 | 0 |
| 1381 | 5 | 8 | 60 | 10 | 0 |
| 1422 | 7 | 0 | 76 | 5 | 0 |
| 1427 | 8 | 0 | 72 | 0 | 0 |
| 1429 | 7 | 0 | 77 | 10 | 0 |
| 1446 | 7 | 10 | 88 | 2 | 6 |
| 1456 | 8 | 10 | 100 | 0 | 0 |
| 1473 | 10 | 0 | 110 | 0 | 0 |
| 1475 | 10 | 0 | 118 | 10 | 0 |
+----------+-----------+--------+-----------+--------+----------+
In this table each of the points or dates taken marks a period of return
to good money after a period of debasement, and in the mind of the
legislator such return to good money (_monnaie forte_) can only be
construed as based on an estimated general or normal rate of monetary
values, for each particular succeeding point of time. At every return
to good money a proclamation was issued, expressing the determination of
the administration to adhere to good money, as in the halcyon days of
St. Louis, etc. etc., and fixing the rate at which the monies should be
coined and current. By taking these points or dates of return to good
money, therefore, we eliminate the arbitrary action of the Government in
periods of debasement, and arrive at a net result showing the _natural_
movement of the metals.
Public-domain text, read in full here on John Shaqi.
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