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<p>[QUOTE="Ken Dorney, post: 2562503, member: 76086"]This is a very confusing period of history and the best any of us can do is simply speculate (even well thought out studies are in the end just speculation). I would suggest that the scarcity and rarity of some of these issues would mean that they are either part of a failed reform or commemorative in nature. </p><p><br /></p><p>But, Victor, I am not so certain on the thought that coins were minted only for fiscal consideration public use as a secondary purpose. Governments, large and small, ancient and modern, have large monetary debts. Transactions typically would be very large and under that idea there would be no need whatsoever for small change. To put it into a modern context the government pays $339 million per F22 jet. They wouldn't pay that in pennies. Assuming we still used high value coins, they would just mint $1 million coins. Or 5, 10, 100, etc. I do see what you are saying about the military, but I think its clear small change was only struck for general circulation.[/QUOTE]</p><p><br /></p>
[QUOTE="Ken Dorney, post: 2562503, member: 76086"]This is a very confusing period of history and the best any of us can do is simply speculate (even well thought out studies are in the end just speculation). I would suggest that the scarcity and rarity of some of these issues would mean that they are either part of a failed reform or commemorative in nature. But, Victor, I am not so certain on the thought that coins were minted only for fiscal consideration public use as a secondary purpose. Governments, large and small, ancient and modern, have large monetary debts. Transactions typically would be very large and under that idea there would be no need whatsoever for small change. To put it into a modern context the government pays $339 million per F22 jet. They wouldn't pay that in pennies. Assuming we still used high value coins, they would just mint $1 million coins. Or 5, 10, 100, etc. I do see what you are saying about the military, but I think its clear small change was only struck for general circulation.[/QUOTE]
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