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<p>[QUOTE=&quot;EWC3, post: 4577449, member: 93416&quot;]I know next to nothing about this coinage - but I dug out my NC for 1992 for the article by Butcher &quot;Rhodian Drachms&quot; which seems to be a fairly recent account of this matter.&nbsp; I found the article very confusing in its presentation.&nbsp; Throughout Butcher gives data for silver in &quot;theoretical denarii&quot; - which are the notional denarii values of Cappadocian drachms (which he calls Rhodian drachms).&nbsp; These are only correct if his preconceived theories are correct.......</p><p><br /></p><p>If I have him correctly he thinks the Cappadocian drachm tariffed at 3/4 denarius (even though that sometimes over values it (!) against the denarius).&nbsp; That contrasts with Walker who had thought the Cappadocian drachm tariffed at a denarius and thus was over valued by about 25%.&nbsp; That looks much more likely to me and is in line with what Howgego said about Cistopheri</p><p><br /></p><p>I hesitate to say more as I hardly ever looked at these coins - but would be pleased to get a second opinion on the Butcher piece.&nbsp; </p><p><br /></p><p>I have a fear he just did not correctly understand historical seigniorage.&nbsp; That matter is vital if we are to understand how coins were tariffed at official exchanges, and thus the real politics of coin issue.</p><p><br /></p><p>Rob T[/QUOTE]</p><p><br /></p>

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