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Message:: [QUOTE="EWC3, post: 3946387, member: 93416"]Am happy to clarify. [USER=74834]@Pellinore[/USER]: Is this penny too heavy? No – theoretical standard for both Tower and Cologne 16 oz pounds is very close to 466.5g. Thus striking 240 from 12oz gives you pennies at c. 1.458g. Early Arabs actually struck right up to the theoretical standard, but for a European coin – 1.45g is a pretty good shot at the theoretical standard. [USER=74834]@Pellinore[/USER]: There's not much difference between 1.45 and 1.39 or 1.42 1.45g yields an excess profit to the mint of more than a penny in the pound 1.42g yields an excess profit to the mint of more than 6d in the pound 1.39g yields an excess profit to the mint of more than 10d in the pound Not to be sniffed at! [USER=74834]@Pellinore[/USER]: my electronic scales could be bit off, too Maybe – but modern scales are pretty good. You do need 3 figures if you are taking the matter seriously [USER=74834]@Pellinore[/USER]: It's from the 12th (second half), not 10th century. Sure. On the evidence of the coins Engel and Serrure push use of Cologne weight at Cologne back into the 10th century. I have not seen any more modern work on the topic – and would be pleased to hear of same. What we do know from internal documents is that the London Tower mint in the 13th century was deliberately rather covertly striking 242 pennies to the pound – so deliberately admitting to taking an excess profit of 2d in the pound. In fact at c.1.42g they were in reality taking 6d in the pound excess profit. What I find thought provoking is that 6d in the pound is 2.5% - so in the same ballpark as the 2% target rate for inflation today. Those who see things my way will perhaps think that ‘nothing much changes’…… Perhaps its fortunate for modern gvts that nobody here much likes my mails? Rob T[/QUOTE]

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