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<p>[QUOTE="Daniel M. Ryan, post: 1244462, member: 32253"]You should take a look at old U.K. coins. There, you'll see evidence of three standards: gold, silver, copper. Gold - sovereign (pound); silver-shilling; copper - pence. </p><p><br /></p><p>If silver is the poor man's gold, then copper is the broke man's silver. In the slum areas of Victorian England, silver coins were pretty scarce. There were lots of "farthings" floating around: a farthing was a quarter-pence. I think the lowest denomination coin back then was a quarter-farthing (1/16 p, or a little more than 0.3 cents.)[/QUOTE]</p><p><br /></p>
[QUOTE="Daniel M. Ryan, post: 1244462, member: 32253"]You should take a look at old U.K. coins. There, you'll see evidence of three standards: gold, silver, copper. Gold - sovereign (pound); silver-shilling; copper - pence. If silver is the poor man's gold, then copper is the broke man's silver. In the slum areas of Victorian England, silver coins were pretty scarce. There were lots of "farthings" floating around: a farthing was a quarter-pence. I think the lowest denomination coin back then was a quarter-farthing (1/16 p, or a little more than 0.3 cents.)[/QUOTE]
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