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Has Krause Got It Seriously Wrong?

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austrokiwi's Avatar
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 Posted 07/11/2013  2:47 pm Show Profile   Bookmark this topic Add austrokiwi to your friends list Get a Link to this Message Number of Subscribers
I was just looking at World coins 1601 -1700. In particular I was looking at a french coin the 1/12 ecu. Krause refers to it as 10 sols piece. However when I go to a french language reference on the same coin, it is described as a 5 sols coin. I go to other references and they all state the 1/12 Ecu coin is a 5 sols piece......only Krause states the coin is worth 10 soles. On the balance of probabilities it looks to me if Krause is seriously incorrect
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 Posted 07/11/2013  6:40 pm  Show Profile   Bookmark this reply Add Sap to your friends list Get a Link to this Reply
The French predecimal monetary system is confusing, but the heart of the problem is that the exchange rate between sous and ecus was not fixed; it changed. All coins in circulation were given a face value in livres, the money-of-account. When originally introduced in 1641, the silver ecu was worth 3 livres (60 sols). Inflation caused constant official revaluing from 1690 until it finally stabilized at six livres (120 sols) in 1726.

So, as I understand it, a 1/12 ecu coin was worth either 5 sols or 10 sols, or some value in between, depending on when exactly you're talking about. Under the circumstances, it's probably best not to assign fractional-ecu coins a value in sols at all.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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 Posted 07/12/2013  12:44 am  Show Profile   Bookmark this reply Add austrokiwi to your friends list Get a Link to this Reply

Quote:
So, as I understand it, a 1/12 ecu coin was worth either 5 sols or 10 sols, or some value in between, depending on when exactly you're talking about. Under the circumstances, it's probably best not to assign fractional-ecu coins a value in sols at all.



Well that makes the discrepancy understandable. The only thing I must come back to is; in Europe the coin seems( I won't say "is" despite the temptation) to be always described as 5 sols. Krause in this case appears to be the odd one out. That said the coin can be confusing as in literature it can be referred to under three names: 1/12 ECU, 5(or 10) sols, or Timmin( the Ottoman/Arabic name for the coin)
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Sap's Avatar
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 Posted 07/12/2013  05:19 am  Show Profile   Bookmark this reply Add Sap to your friends list Get a Link to this Reply
I suspect the reason for Krause's attitude is that Krause has worked backwards in time; they wrote the 1700s book before writing the 1600s book, basing their work on the Craig catalogue which only went back to 1750. In the mid-1700s, the coin was 10 sols, so that's what the coin was put down as in the Krause database. The French and German catalogues, on the other hand, presumably take a more holistic point of view and consider what the coin was originally issued as, in the 1600s.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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sel_69l's Avatar
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 Posted 07/13/2013  12:29 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
Krause occasionally gets it wrong, especially when it comes to values.
I usually go the the 'net for current values, and use Krause as a back-up, if I am forced to.
Nevertheless, they are an indespensible reference for coins issued in the last 400 years.
I have all four volumes 1600 to 2000.
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