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<p>[QUOTE=&quot;GDJMSP, post: 2668030, member: 112&quot;]It would take quite a while to relate all of it. And since I have done so numerous times I&#039;ll just say that it is the history and the drama behind the story of Jon Le Bon and the coin that came about specifically because of him - the franc a&#039; cheval.</p><p><br /></p><p><br /></p><p><br /></p><p>This part is more easily explained. Firstly, having a great many issuing authorities was the way of things, it was simply how it was done, had always been done. Why it was done is also easily understood. The primary reason was the money (as in profit) that could be made by minting coins in the form of seigniorage. And the supreme issuing authority (the King, Queen, Emperor etc) also made money because all one had to do to be granted the right to mint coins was to BUY that right. So any minor official who had the money to do so could purchase the right to mint coins. This also helped out the King or whoever because there was no way that he could mint enough coins to supply his kingdom by himself. So he had to rely on others to do so. This also relieved him of the distribution issues and problems associated with it. All in all it was a win win for both parties.[/QUOTE]</p><p><br /></p>

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