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<p>[QUOTE=&quot;Tejas, post: 8135377, member: 84905&quot;]Fascinating coins and historical information.</p><p><br /></p><p>I think only a strong central government would have been able to establish a token-coinage with artificial (?) exchange rates. I would not be surprised if acceptance of these coins was mandatory under the threat of death (much like the paper money issued during the French Revolution).</p><p><br /></p><p>The contrast to contemporary Merovingian Europe could not be greater. In Japan, a centralized state issued token-state money. In Merovingian Europe, the king and various local authorities issued intrinsically valuable money through a system of private monneyers.</p><p><br /></p><p>In Europe it took many more centuries before state-issued token money could be established, first in Sweden in the 16th century, followed by subsequent experiments in France and England.[/QUOTE]</p><p><br /></p>

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