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<p>[QUOTE="GDJMSP, post: 1984184, member: 112"]They may have been the first to use the phrase, but the practice began long before that. Gold, silver, even copper coins were always minted with slightly less metal than their face value. And they had to be. For not only did the slight debasement allow the minting authority to profit from the minting of coins, he always had to pay those doing the actual work of the minting.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 1984184, member: 112"]They may have been the first to use the phrase, but the practice began long before that. Gold, silver, even copper coins were always minted with slightly less metal than their face value. And they had to be. For not only did the slight debasement allow the minting authority to profit from the minting of coins, he always had to pay those doing the actual work of the minting.[/QUOTE]
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