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General Tabletop Discussion
*TTRPGs General
Where Do They Get Their Money, Part One
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<blockquote data-quote="aramis erak" data-source="post: 7750700" data-attributes="member: 6779310"><p>The traditional coinage of late medieval England (Reign of Richard II) was a silver penny, </p><p>22.5 grains mass (~1.458 grams). </p><p></p><p>a hundred years later, it was a 12 or 15 grain penny...</p><p></p><p>and while in both, the units of account were still £sd, the actual coins in use in the mid 1400's were typically the penny, groat (4d, 48 grain, silver), half-noble (3s 4d, 54 grains, gold) and noble (6s 8d, 108 grains, gold)... the gold was HEAVILY debased. Usually with copper, tin, and zinc. So, the half-noble, at 40s worth was 1.35 grains per pence, while the silver was nominally 12 grains per pence (but 15 grains per pence in the larger minted form, presumably of lower purity)... 8:1 to 12:1 ratio... a gold penny in debased gold is roughly worth a shilling. </p><p>The Mark was two Nobles - 2/3 of a tower pound of silver. </p><p></p><p>Many of the coins don't make much sense to modern eyes - but think in fractions. a noble is 80d... 1/3 of a pound. Half-noble 1/6 of a pound, 40d. groats were a 10th of a half-noble, or 1/3 of a shilling. And foreign gold pennies were roughly a shilling, too...</p><p></p><p>Decimal gold to silver is within the realm of plausible for medieval. Copper, however... copper was worth about 1/70 of silver. Almost worthless - fiat currencies. Farthings were big coins, and worth 1/4 the much smaller penny. Eventually, debasement lead to silver-bronze pennies... then to copper as fiat took over.</p><p></p><p><a href="http://www.moneyandmedals.org.uk/download/i/mark_dl/u/4008551411/4603172348/Introduction%20to%20later%20medieval%20coins.pdf" target="_blank">http://www.moneyandmedals.org.uk/download/i/mark_dl/u/4008551411/4603172348/Introduction to later medieval coins.pdf</a></p><p><a href="http://www.r3.org/on-line-library-text-essays/back-to-basics-for-newcomers/coinage-of-the-fifteenth-century/" target="_blank">http://www.r3.org/on-line-library-text-essays/back-to-basics-for-newcomers/coinage-of-the-fifteenth-century/</a></p><p><a href="https://www.history.ac.uk/richardII/coinage.html" target="_blank">https://www.history.ac.uk/richardII/coinage.html</a></p></blockquote><p></p>
[QUOTE="aramis erak, post: 7750700, member: 6779310"] The traditional coinage of late medieval England (Reign of Richard II) was a silver penny, 22.5 grains mass (~1.458 grams). a hundred years later, it was a 12 or 15 grain penny... and while in both, the units of account were still £sd, the actual coins in use in the mid 1400's were typically the penny, groat (4d, 48 grain, silver), half-noble (3s 4d, 54 grains, gold) and noble (6s 8d, 108 grains, gold)... the gold was HEAVILY debased. Usually with copper, tin, and zinc. So, the half-noble, at 40s worth was 1.35 grains per pence, while the silver was nominally 12 grains per pence (but 15 grains per pence in the larger minted form, presumably of lower purity)... 8:1 to 12:1 ratio... a gold penny in debased gold is roughly worth a shilling. The Mark was two Nobles - 2/3 of a tower pound of silver. Many of the coins don't make much sense to modern eyes - but think in fractions. a noble is 80d... 1/3 of a pound. Half-noble 1/6 of a pound, 40d. groats were a 10th of a half-noble, or 1/3 of a shilling. And foreign gold pennies were roughly a shilling, too... Decimal gold to silver is within the realm of plausible for medieval. Copper, however... copper was worth about 1/70 of silver. Almost worthless - fiat currencies. Farthings were big coins, and worth 1/4 the much smaller penny. Eventually, debasement lead to silver-bronze pennies... then to copper as fiat took over. [url]http://www.moneyandmedals.org.uk/download/i/mark_dl/u/4008551411/4603172348/Introduction%20to%20later%20medieval%20coins.pdf[/url] [url]http://www.r3.org/on-line-library-text-essays/back-to-basics-for-newcomers/coinage-of-the-fifteenth-century/[/url] [url]https://www.history.ac.uk/richardII/coinage.html[/url] [/QUOTE]
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