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<p>[QUOTE="EWC3, post: 3746563, member: 93416"]Yes. My own reaction to all this is that the old (British) saying:</p><p><br /></p><p>“look after the pennies and the pounds will look after themselves”</p><p><br /></p><p>describes an attitude of mind.</p><p><br /></p><p>The old Mercian penny had (I would argue) a continuous history as a denomination from 793 to 1971. 1,178 years. The new (decimal) penny is under attack when less than 50 years old. So when I defend the (new) penny my real intention is to highlight concern about the things being done in the modern economy, and thus to defend old attitudes of mind.</p><p><br /></p><p>Note further that the old penny was “in essence” binary. The facts were rather hidden – but the fact looks very much like there were 256 sterling pennies in a troy pound.</p><p><br /></p><p>Thus there seems to me fun to be had, in another thread, with Valentinian’s line about a “$64” question</p><p><br /></p><p>Nero’s denarius was (I would argue) “in essence” binary. The facts were again rather hidden – but the fact looks very much like there were 128 Nero denarii in an Attic Mina. And text from Diocletian seems to suggest a new denarius went 100 to 1 against the old.</p><p><br /></p><p>Ha! Perhaps I should suggest that the aurelianus problem is $100 question? (joke)</p><p><br /></p><p>How much did 1971 in Britain resemble c. 271 in Rome? At least a little I suspect.</p><p><br /></p><p>Rob T[/QUOTE]</p><p><br /></p>
[QUOTE="EWC3, post: 3746563, member: 93416"]Yes. My own reaction to all this is that the old (British) saying: “look after the pennies and the pounds will look after themselves” describes an attitude of mind. The old Mercian penny had (I would argue) a continuous history as a denomination from 793 to 1971. 1,178 years. The new (decimal) penny is under attack when less than 50 years old. So when I defend the (new) penny my real intention is to highlight concern about the things being done in the modern economy, and thus to defend old attitudes of mind. Note further that the old penny was “in essence” binary. The facts were rather hidden – but the fact looks very much like there were 256 sterling pennies in a troy pound. Thus there seems to me fun to be had, in another thread, with Valentinian’s line about a “$64” question Nero’s denarius was (I would argue) “in essence” binary. The facts were again rather hidden – but the fact looks very much like there were 128 Nero denarii in an Attic Mina. And text from Diocletian seems to suggest a new denarius went 100 to 1 against the old. Ha! Perhaps I should suggest that the aurelianus problem is $100 question? (joke) How much did 1971 in Britain resemble c. 271 in Rome? At least a little I suspect. Rob T[/QUOTE]
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