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<p>[QUOTE=&quot;kaparthy, post: 38454, member: 57463&quot;]That does raise an interesting point: can an issuer counterfeit their <u>own </u> money?&nbsp; In The Histories, Herodotus says that he does not believe the story that Polycrates of Samos cheated his Spartan mercenaries by paying them in coins made of lead covered in gold.&nbsp; Yet, even if not accepted, that story does carry a message. The Ptolemies engaged in successive debasements.&nbsp; So did the Roman emperors.&nbsp; Those example would be a kind of counterfeiting.</p><p><br /></p><p>Much later, I believe that Queen Elizabeth I of England actually raised the purity of her coinage in response to the realities of international trade.[/QUOTE]</p><p><br /></p>

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