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<p>[QUOTE=&quot;GDJMSP, post: 24585196, member: 112&quot;]Throughout history the fineness of any given coin, regardless of the metal, was chosen by the ruling authority at the time to determine the amount of seigniorage they needed and or wanted at that particular time. Seigniorage was one of their primary sources of income. So depending on the situation at the time, they would drop the metal fineness to increase the seigniorage. </p><p><br /></p><p>As to the particular number, or how much more to drop it, various factors always played into determining that. They had to be concerned about their own populace as well as other countries being willing to accept the new coinage because of trade as that could have a great impact on their own economy. So usually they wouldn&#039;t drop it too much from what the previous coinage was.</p><p><br /></p><p>To help understand the situation at the time, look at what the previous fineness was, as well as the historical situation at the time the drop was made. Once we do this, things can often make a whole lot more sense to us.[/QUOTE]</p><p><br /></p>

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