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Did the Ancient Greeks debase coinage like the Romans?
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<p>[QUOTE="Tejas, post: 7947370, member: 84905"]Hm, I think I understand what you mean, but still both size and weight are irrelevant for the debasing of a coin. You can debase a coin by keeping both size and weight constant, for example, by declaring a new, higher nominal value and counter stamp it on the coins. You can also add an alloy with similar properties to the precious metal that you want to remove.</p><p><br /></p><p>Again, the only relevant variables in the debasing of a coin are the precious metal content and the nominal value. This is also true in your example, when size and weight of the coin are reduced, i.e. when no metal was added to offset the precious metal. We don't have to bother with size and weight, only the fineness and the nominal value are relevant. However, I admit that a reduction of weight (and size) can be indicative of a debasement, but it doesn't have to if the price of the precious metal vis-a-vis other goods has increased.[/QUOTE]</p><p><br /></p>
[QUOTE="Tejas, post: 7947370, member: 84905"]Hm, I think I understand what you mean, but still both size and weight are irrelevant for the debasing of a coin. You can debase a coin by keeping both size and weight constant, for example, by declaring a new, higher nominal value and counter stamp it on the coins. You can also add an alloy with similar properties to the precious metal that you want to remove. Again, the only relevant variables in the debasing of a coin are the precious metal content and the nominal value. This is also true in your example, when size and weight of the coin are reduced, i.e. when no metal was added to offset the precious metal. We don't have to bother with size and weight, only the fineness and the nominal value are relevant. However, I admit that a reduction of weight (and size) can be indicative of a debasement, but it doesn't have to if the price of the precious metal vis-a-vis other goods has increased.[/QUOTE]
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