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<p>[QUOTE="AnYangMan, post: 4577715, member: 87271"]Excellent topic [USER=56653]@seth77[/USER]! I’m glad you are pursuing the coinage of the low countries in more detail! If you want to try your hand at the more northern Dutch counties, duchies and minor lords, I'd love to discuss!</p><p><br /></p><p>By the way, the last baudekin you post can be attributed to the fourth emission under Margaretha. The first type with the knight advancing right was introduced around 1272 in the previous emission, but of course lacks the crescents in the cross of the reverse (Lucas 38). The fourth emission, with such crescents, dates to roughly 1278 and with its 2.64 grams of pure silver (2.81 at 0.94 purity) was struck slightly below the intrinsic silver content of two sterling. It was thus overvalued and started to slowly push the heavier sterling out of circulation. With the revaluation of the sterling in 1279, this overvaluation more than doubled and the process snowballed. It started to become internationally accepted (whereas the earlier emissions had circulated primarily “locally”) and especially in the northern Netherlands and its trade with northern Europe it became popular. Many of the local seignories with questionable legitimacy, such as Coevorden and Kuinre, began to strike imitations of this type of Baudekin.</p><p><br /></p><p>Apparently, they also flowed outwards to royal France as during Easter 1279, Philip III banned the baudekin from circulating in France (as it was also overvalued in content when compared to the French Tournois). The issuing of Baudekins in Flanders was thus put to a halt by Margareta, only to be continued under her succesor and grandson Jean I in 1284 (likely at a different standard). This fourth emission can thus securely be dated to the period of 1278-79!</p><p><br /></p><p>Also something interesting to note: a comparable yet reversed situation likely happened with the first emission of the Baudekin, although it is not quite as well documented. At its first emission in 1269, the silver content of the Baudekin was set to 2/3 of a Gros Tournois (double tierce de gros, 8 Tournois), but its course was set to two sterling, which was a slight undervaluation based on the content. The baudekin thus initially failed to find acceptance as it was hoarded and melted down to produce lighter sterlings. A slight debasement and a new emission of Baudekins (Lucas 37) quickly followed in 1270, which addressed this undervaluation. The relatively short duration of this first emission due to its undervaluation and the fact that many did not circulate thus contribute to Baudekins from this emission being quite hard to find nowadays. A real gem, even in this condition. Congrats![/QUOTE]</p><p><br /></p>
[QUOTE="AnYangMan, post: 4577715, member: 87271"]Excellent topic [USER=56653]@seth77[/USER]! I’m glad you are pursuing the coinage of the low countries in more detail! If you want to try your hand at the more northern Dutch counties, duchies and minor lords, I'd love to discuss! By the way, the last baudekin you post can be attributed to the fourth emission under Margaretha. The first type with the knight advancing right was introduced around 1272 in the previous emission, but of course lacks the crescents in the cross of the reverse (Lucas 38). The fourth emission, with such crescents, dates to roughly 1278 and with its 2.64 grams of pure silver (2.81 at 0.94 purity) was struck slightly below the intrinsic silver content of two sterling. It was thus overvalued and started to slowly push the heavier sterling out of circulation. With the revaluation of the sterling in 1279, this overvaluation more than doubled and the process snowballed. It started to become internationally accepted (whereas the earlier emissions had circulated primarily “locally”) and especially in the northern Netherlands and its trade with northern Europe it became popular. Many of the local seignories with questionable legitimacy, such as Coevorden and Kuinre, began to strike imitations of this type of Baudekin. Apparently, they also flowed outwards to royal France as during Easter 1279, Philip III banned the baudekin from circulating in France (as it was also overvalued in content when compared to the French Tournois). The issuing of Baudekins in Flanders was thus put to a halt by Margareta, only to be continued under her succesor and grandson Jean I in 1284 (likely at a different standard). This fourth emission can thus securely be dated to the period of 1278-79! Also something interesting to note: a comparable yet reversed situation likely happened with the first emission of the Baudekin, although it is not quite as well documented. At its first emission in 1269, the silver content of the Baudekin was set to 2/3 of a Gros Tournois (double tierce de gros, 8 Tournois), but its course was set to two sterling, which was a slight undervaluation based on the content. The baudekin thus initially failed to find acceptance as it was hoarded and melted down to produce lighter sterlings. A slight debasement and a new emission of Baudekins (Lucas 37) quickly followed in 1270, which addressed this undervaluation. The relatively short duration of this first emission due to its undervaluation and the fact that many did not circulate thus contribute to Baudekins from this emission being quite hard to find nowadays. A real gem, even in this condition. Congrats![/QUOTE]
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