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<p>[QUOTE="Burton Strauss III, post: 2799800, member: 59677"]Actually, that's not true. A Roman soldier might not be literate in the way we use the word today, but he surely knew exactly how hard and long he had to work for that dupondius. And he would have known every other piece of legit "money" in the marketplace. And the wine merchant would have known exactly how much to charge the soldier.</p><p><br /></p><p>A merchant in Boston in 1750 would have had no problem taking in an English pound sterling and making change out of the seemingly chaotic mix of Spanish, French, English and even other country's coins in circulation.</p><p><br /></p><p>You are thinking of coins as some magic, abstract DEFINITION of value. They are not. They arose because it was easier to trade bits of metal instead of having the baker trade you bread for sheep, then having to trade the sheep to the butcher for his dinner roast and the other pieces of meat to the everyone else including the tax man. Coins arose to REPRESENT value.[/QUOTE]</p><p><br /></p>
[QUOTE="Burton Strauss III, post: 2799800, member: 59677"]Actually, that's not true. A Roman soldier might not be literate in the way we use the word today, but he surely knew exactly how hard and long he had to work for that dupondius. And he would have known every other piece of legit "money" in the marketplace. And the wine merchant would have known exactly how much to charge the soldier. A merchant in Boston in 1750 would have had no problem taking in an English pound sterling and making change out of the seemingly chaotic mix of Spanish, French, English and even other country's coins in circulation. You are thinking of coins as some magic, abstract DEFINITION of value. They are not. They arose because it was easier to trade bits of metal instead of having the baker trade you bread for sheep, then having to trade the sheep to the butcher for his dinner roast and the other pieces of meat to the everyone else including the tax man. Coins arose to REPRESENT value.[/QUOTE]
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