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<p>[QUOTE=&quot;Dafydd, post: 26371651, member: 86815&quot;]I have some cut pennies and I think the issue here is that they are not fragments but were deliberately cut so were an essential part of day-to -day commerce. You can imagine the scenario:&nbsp; “No I don&#039;t want the whole sheep only half of it so I&#039;m not paying a whole penny”. The full cross design deliberately evolved to allow easier cutting of coins. You have to bear in mind that one silver penny was a whole day’s wages for an average person.</p><p><br /></p><p>Imagine you are a medieval peasant who has just finished a day&#039;s work and earned a single silver penny. You need to buy a few things for your family, but none of them are worth a whole penny.</p><p><br /></p><p>You need to buy a single loaf of bread (worth a farthing).</p><p><br /></p><p>You want a pint of ale at the local tavern (worth a halfpenny). You, can&#039;t pay for these with a whole penny because the merchant doesn&#039;t have the smaller, fractional coins to give you as change. So, the solution was to simply cut the penny into pieces.</p><p><br /></p><p>The term &quot;Fourthing&quot; or Farthing for the term of a quarter penny actually comes from &quot;Fourthing&quot; highlighting this practice.&nbsp; So yes, if you are a numismatist this is an essential part of the history of coinage and people do specialise in these coins.</p><p><br /></p><p>Fragments or damaged coins are another matter as they were the result of damage not deliberate actions based on monetary demand so these are more of interest to the archaeologist than the numismatist.</p><p><br /></p><p>To reiterate, the long cross that replaced the short cross on the reverse coins was a brilliant and practical design for the time. It wasn&#039;t just decorative; it was a &quot;cut here&quot; guide. It allowed a labourer or a merchant to take out their knife, slice the coin cleanly along the lines of the cross, and create a halfpenny or a farthing with a reasonable degree of accuracy. The value was in the silver itself, and as long as the pieces were roughly equal, they were considered valid currency.</p><p><br /></p><p>This practice highlights the vast difference between medieval and modern economies. Our money is based on a trust in its assigned value, while theirs was based on the intrinsic value of the metal. Cutting the coin was a tangible, everyday act that reflected this reality. When I say trust, I really mean idiocy if we believe in Fiat currencies which really are the figment of imagination and the reason governments have dumped the silver and gold standard over the past couple of hundred years.</p><p><br /></p><p>Nice collection by the way![/QUOTE]</p><p><br /></p>

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