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1763 Portuguese Angola 1 Macuta countermarked
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<p>[QUOTE="bernard55, post: 21595287, member: 114733"]FWIW</p><p><br /></p><p>from ChatGPT:</p><p><br /></p><p>Why did the Portuguese counterstamp coins from Angola in 1837</p><p><br /></p><p>In 1837, Portugal was facing a severe financial crisis, and the government was struggling to raise funds to cover its expenses. To address this issue, the Portuguese government decided to issue a decree that authorized the counterstamping of coins from its African colonies, including Angola, Mozambique, and Cape Verde.</p><p><br /></p><p>The counterstamping of coins involved adding a new mark or stamp to an existing coin to change its denomination or value. In this case, the Portuguese government added its own mark to the coins from Angola, increasing their face value and making them legal tender in Portugal.</p><p><br /></p><p>The main objective of this measure was to increase the money supply in Portugal by bringing in more coins without having to mint new ones. This was a cost-effective way to boost the economy and help the government pay off its debts.</p><p><br /></p><p>Additionally, the counterstamping of coins from Angola helped to strengthen the ties between Portugal and its African colonies, as it demonstrated Portugal's economic and political control over these territories.</p><p><br /></p><p>Overall, the counterstamping of coins from Angola in 1837 was a measure taken by the Portuguese government to address its financial crisis and increase the money supply in Portugal, while also reinforcing its authority over its African colonies.[/QUOTE]</p><p><br /></p>
[QUOTE="bernard55, post: 21595287, member: 114733"]FWIW from ChatGPT: Why did the Portuguese counterstamp coins from Angola in 1837 In 1837, Portugal was facing a severe financial crisis, and the government was struggling to raise funds to cover its expenses. To address this issue, the Portuguese government decided to issue a decree that authorized the counterstamping of coins from its African colonies, including Angola, Mozambique, and Cape Verde. The counterstamping of coins involved adding a new mark or stamp to an existing coin to change its denomination or value. In this case, the Portuguese government added its own mark to the coins from Angola, increasing their face value and making them legal tender in Portugal. The main objective of this measure was to increase the money supply in Portugal by bringing in more coins without having to mint new ones. This was a cost-effective way to boost the economy and help the government pay off its debts. Additionally, the counterstamping of coins from Angola helped to strengthen the ties between Portugal and its African colonies, as it demonstrated Portugal's economic and political control over these territories. Overall, the counterstamping of coins from Angola in 1837 was a measure taken by the Portuguese government to address its financial crisis and increase the money supply in Portugal, while also reinforcing its authority over its African colonies.[/QUOTE]
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1763 Portuguese Angola 1 Macuta countermarked
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