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<p>[QUOTE="dougsmit, post: 4689584, member: 19463"]On this page we have seen three Phocas coins 12.26, 12.02 and trimmed to 11.4. While I agree that standards were not enforced as you expect in gold or silver, I believe it is going too far to say they only considered the coins at "token value". Also, I consider it incorrect tho call these coins errors. They were not accidents from sloppy workmanship but intentional recycling and weight standard correcting policies of the mint. We modern people have fewer events where the government calls in all the old coins and gives you the new standard coins. Even in 1964, the US did not demonetize the 90% silver and order us to trade them in for CN sandwiches. Did any of our UK members live through the 1971 decimalization and care to comment on how it was handled both by the government and public. As I understand it the matter was drawn out over nearly a decade and eventually took care of itself. If you find a pre-decimal piggy bank today, can you still convert them at a bank or are coin dealers the only option? Ancient people faced these situations regularly.[/QUOTE]</p><p><br /></p>
[QUOTE="dougsmit, post: 4689584, member: 19463"]On this page we have seen three Phocas coins 12.26, 12.02 and trimmed to 11.4. While I agree that standards were not enforced as you expect in gold or silver, I believe it is going too far to say they only considered the coins at "token value". Also, I consider it incorrect tho call these coins errors. They were not accidents from sloppy workmanship but intentional recycling and weight standard correcting policies of the mint. We modern people have fewer events where the government calls in all the old coins and gives you the new standard coins. Even in 1964, the US did not demonetize the 90% silver and order us to trade them in for CN sandwiches. Did any of our UK members live through the 1971 decimalization and care to comment on how it was handled both by the government and public. As I understand it the matter was drawn out over nearly a decade and eventually took care of itself. If you find a pre-decimal piggy bank today, can you still convert them at a bank or are coin dealers the only option? Ancient people faced these situations regularly.[/QUOTE]
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