American Numismatic Society - Between the fifth century and the eleventh, coined money was at a low ebb in Western Europe. It was produced in limited quantity and only in high-value denominations, with the result that relatively few people used coins on a frequent or large-scale basis. Nonetheless, coins continued to be made. Rory Naismith (University of Cambridge) will consider why that was the case, and argue that in many respects reduced monetization changed (or even increased) the social and symbolic significance of using coin.
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