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<blockquote data-quote="aramis erak" data-source="post: 7076300" data-attributes="member: 6779310"><p>The Gold penny was commonly used with a value of a schilling, tho technically it was specie, and depending upon debasement, varied between 10 and 20 d in value. </p><p></p><p>There are a dozen better refs online, including the UK Mints' websites. .</p><p></p><p>It's clear from the sources available at the time Gygax was researching that the use of the gold penny as a shilling was mentioned - one of the library books I ILL'd in the 90's was a copy of a book on Domesday's prices from the U of Wisconsin... which had duedate stamps from the early 70's... and mentions the nominal value for the gold penny as about a shilling. </p><p></p><p>Right or wrong, Gygax noted the silver penny, and the gold penny, as the correct denominations and got the relative value, then decimalized for convenience. (that the farthing was copper was later, but the relative valuation of a 5 dwt copper coin as 1/4th the value of a 1 dwt silver one is still in the realm of fiat coin rather than specie - the lowest conversion I've found for relative value by mass is about 50<img src="http://www.enworld.org/forum/images/smilies/1.gif" class="smilie" loading="lazy" alt=":1:" title="One :1:" data-shortname=":1:" />:Copper:Silver, 10<img src="http://www.enworld.org/forum/images/smilies/1.gif" class="smilie" loading="lazy" alt=":1:" title="One :1:" data-shortname=":1:" />:silver:8kt gold. (peak values in the medieval era seem to be about 70<img src="http://www.enworld.org/forum/images/smilies/1.gif" class="smilie" loading="lazy" alt=":1:" title="One :1:" data-shortname=":1:" />:copper:silver and 24<img src="http://www.enworld.org/forum/images/smilies/1.gif" class="smilie" loading="lazy" alt=":1:" title="One :1:" data-shortname=":1:" />:Silver:14 Kt gold The D&D gold piece is clearly based upon the early gold penny in a low purity. And the conversion of early sources to D&D style gp/sp/cp is best fit at D&D 1gp=12 d silver aka 1gp = 1 s. Which is, by the way, consistent with roman coin... tho' roman coingold was around 12-16 kt, and valued at 20x the silver denarius nominally.</p><p></p><p>But I've mentioned, repeatedly, that it was valued at a shilling, not that it was the primary shilling coin. (That would be the 12 dwt silver coin... which weighs 12x the silver penny's 1 dwt of silver... Then again, historically, most people used hacked bits of silver, and few ever saw shilling-value coins in either metal. And trade was by weight and fineness, not face value, until into the 17th C, and even into the 19th C in many places.)</p></blockquote><p></p>
[QUOTE="aramis erak, post: 7076300, member: 6779310"] The Gold penny was commonly used with a value of a schilling, tho technically it was specie, and depending upon debasement, varied between 10 and 20 d in value. There are a dozen better refs online, including the UK Mints' websites. . It's clear from the sources available at the time Gygax was researching that the use of the gold penny as a shilling was mentioned - one of the library books I ILL'd in the 90's was a copy of a book on Domesday's prices from the U of Wisconsin... which had duedate stamps from the early 70's... and mentions the nominal value for the gold penny as about a shilling. Right or wrong, Gygax noted the silver penny, and the gold penny, as the correct denominations and got the relative value, then decimalized for convenience. (that the farthing was copper was later, but the relative valuation of a 5 dwt copper coin as 1/4th the value of a 1 dwt silver one is still in the realm of fiat coin rather than specie - the lowest conversion I've found for relative value by mass is about 50:1::Copper:Silver, 10:1::silver:8kt gold. (peak values in the medieval era seem to be about 70:1::copper:silver and 24:1::Silver:14 Kt gold The D&D gold piece is clearly based upon the early gold penny in a low purity. And the conversion of early sources to D&D style gp/sp/cp is best fit at D&D 1gp=12 d silver aka 1gp = 1 s. Which is, by the way, consistent with roman coin... tho' roman coingold was around 12-16 kt, and valued at 20x the silver denarius nominally. But I've mentioned, repeatedly, that it was valued at a shilling, not that it was the primary shilling coin. (That would be the 12 dwt silver coin... which weighs 12x the silver penny's 1 dwt of silver... Then again, historically, most people used hacked bits of silver, and few ever saw shilling-value coins in either metal. And trade was by weight and fineness, not face value, until into the 17th C, and even into the 19th C in many places.) [/QUOTE]
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