Follow me on Twitter: twitter.com/Professor_Barth If you enjoy this channel and want to support: www.patreon.com/professorbarth Buy my book: www.amazon.com/Currency-Empire-Seventeenth-Century-English-America-ebook/dp/B08L6ZPV19/ref=sr_1_1?keywords=currency+of+empire&sr=8-1 History of Money playlist: ua-cam.com/play/PLinliDgP9EbScxfH5wxoX8I_HNRSElqZ_.html Foundations of Western Political Thought playlist: ua-cam.com/play/PLinliDgP9EbRu4qZn8SJFgysSQB5I4c-L.html
Could I make a tiny correction on your info at 6:10? The spanish cob coins are actually that irregular by design! The Macuquinas (as they were called in the new world) were supposed to be made as quickly as possible and shipped to Spain, so the bullion came, they would flatten it and flan cutters would start from a square flan and chop pieces out until they achieved the correct weight. A good example of extreme clipping would be the late roman siliqua in brittain. From the reign of Honorius, the empire withdrew from the island and the natives would have to use the old coinage that was there, and starting shaving the size as inflation picked up. This clipped siliqua would actually give origin to the Sceat, the first non-roman coinage of the british isles
Wow I didn't know that, thank you! Fascinating info. I have a book coming out in the spring on the currency of the English American colonies in the 17th century, and I have a section in there about the Peruvian mint fraud because most of the colonies assigned a different value to the lighter Peru pieces than the Mexican pieces. Between that and clipping and other foreign coinages, it all made for quite a confusing mess. You can understand why the Massachusetts mint and then later paper money was an attractive alternative.
Thanks! And yes, Nicholas Mayhew's book, "Sterling: The Rise and Fall of a Currency," is a very readable text and has a couple dozen pages on the seventeenth century. The same is true of an older book by Albert Feavearyear, entitled, "The Pound Sterling: A History of English Money." Joyce Appleby wrote a lot on the subject, she has a book entitled "Economic Thought and Ideology in Seventeenth-Century England," it's quite good, and includes an entire chapter on money and the recoinage debate.
Not correct; it was in the 1650s and 1660s. Elizabethan coins were all hammered. The first milled coinage at all was in France in the early-17th century.
Follow me on Twitter:
twitter.com/Professor_Barth
If you enjoy this channel and want to support:
www.patreon.com/professorbarth
Buy my book:
www.amazon.com/Currency-Empire-Seventeenth-Century-English-America-ebook/dp/B08L6ZPV19/ref=sr_1_1?keywords=currency+of+empire&sr=8-1
History of Money playlist:
ua-cam.com/play/PLinliDgP9EbScxfH5wxoX8I_HNRSElqZ_.html
Foundations of Western Political Thought playlist:
ua-cam.com/play/PLinliDgP9EbRu4qZn8SJFgysSQB5I4c-L.html
Milled coins in 1665 as analogue for BTC today. Invaluable content for the monetarily perplexed.
💯
Came to UA-cam to find education for this exact need. HODL on 🤘
Could you explain it more?
Could I make a tiny correction on your info at 6:10? The spanish cob coins are actually that irregular by design! The Macuquinas (as they were called in the new world) were supposed to be made as quickly as possible and shipped to Spain, so the bullion came, they would flatten it and flan cutters would start from a square flan and chop pieces out until they achieved the correct weight.
A good example of extreme clipping would be the late roman siliqua in brittain. From the reign of Honorius, the empire withdrew from the island and the natives would have to use the old coinage that was there, and starting shaving the size as inflation picked up.
This clipped siliqua would actually give origin to the Sceat, the first non-roman coinage of the british isles
Wow I didn't know that, thank you! Fascinating info. I have a book coming out in the spring on the currency of the English American colonies in the 17th century, and I have a section in there about the Peruvian mint fraud because most of the colonies assigned a different value to the lighter Peru pieces than the Mexican pieces. Between that and clipping and other foreign coinages, it all made for quite a confusing mess. You can understand why the Massachusetts mint and then later paper money was an attractive alternative.
Awesome video. Any book recommendations about money in 17th century England/Britain that you can recommend?
Thanks! And yes, Nicholas Mayhew's book, "Sterling: The Rise and Fall of a Currency," is a very readable text and has a couple dozen pages on the seventeenth century. The same is true of an older book by Albert Feavearyear, entitled, "The Pound Sterling: A History of English Money." Joyce Appleby wrote a lot on the subject, she has a book entitled "Economic Thought and Ideology in Seventeenth-Century England," it's quite good, and includes an entire chapter on money and the recoinage debate.
@@ProfessorBarth That's amazing, thank you for the recommendations!
Milled coinage was first introduced in England by Elizabeth 1st in the mid late 16th century not mid 17th. Good video tho
Not correct; it was in the 1650s and 1660s. Elizabethan coins were all hammered. The first milled coinage at all was in France in the early-17th century.
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