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It is forgotten in our modern age of fiat currencies, but money was historically not just a representation of value, but a physical store of value in itself. Coins contained a certain amount of precious metal, particularly silver or gold. The size of the coin is only indirectly related to its value, because the true value of a coin lay in its total silver ...


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First imagine a world without any coinage, where all purchases and sales must be achieved through barter. Further imagine that there are well accepted equivalencies, between all goods so that an average ox is understood to be worth 10 average sheep, 8 average goats, etc. Three of those goods will of course be copper, silver and gold, so that there will be ...


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Let's look at inflation first. "when the coins are too much altered, the result is inflation." When coins are altered, they are almost always debased - other metals are mixed with silver to allow the government to mint more coins with the same amount of specie. So if I have enough silver to produce 1000 coins, and I mix in 50% tin, I can now ...


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John's Revelation is generally accepted to have been written sometime during the reign of Domitian (although some still argue for Nero, and many argue it was about Nero). A quick check of still extant coins from Domitian and Nero's era shows no coins with figures holding stars. I typically see stuff like wreaths, palm branches, lightning, or various kinds ...



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