Quote:
Its not like they were recovering the silver that they were filing off.
Actually, they were, especially on the higher-fineness coins :)
As Europe's communities transitioned to market economies, standards such as the Cologne mark, the Tower pound and the Troy pound were established to set a "baseline" weight for a given amount of silver or gold. All coins were then based on whichever "unit" and fractions of that unit. With many folks unable to read, weight was more important than written denomination when it came to day-to-day business.
Let's use an example (with modern measurements) - a Bavarian Konventionsthaler of 1763, popularly known as the Madonnentaler for the depiction of the Madonna and infant Jesus on the reverse. The "standard" for this coin was set to 27.92 grams of 0.833 fine silver, the remainder composed of copper and trace elements. This weight was exactly 1/10th of a Cologne mark. In 1763, this diameter was set to 40mm, and the thickness was set to 3mm.
1 Konventionsthaler = 27.92g
1/2 Konventionsthaler = 13.95g
But then it gets tricky:
1/6 Konventionsthaler = 20 Kreuzer (1 Konventionskreuzer)...but 0.583 fine silver, instead of 0.833 -- so the weight is 6.68 grams, instead of the expected 4.65g @ 0.833!
And then it gets even more tricky:
1/12 Konventionsthaler = 10 Kreuzer...but the fineness is now dropped to 0.500, so the weight is 3.72g instead of 2.30g @ 0.833.
(This was done as a matter of convenience to prevent the minors from being super-lightweight in smaller denominations and also to "disguise" the debased fineness. Denominations below 10 Kreuzer were copper or very low fineness billon issues denominated in Pfenninge, again, to keep weight up and costs down.)
Weight was critically important - if you were a mintmaster and struck a Thaler, if it didn't weigh to standard, not only were you impacting day-to-day business, you were affecting taxes, soldiers' payments, international trade, and you did not want your particular ruler to be slighted or embarrassed by your producing underweight or adulterated coinage with their name on it.
Even in 1763, the technology was sufficient to allow accurate measurement to the standard -- you didn't have to know that a Konventionsthaler weighed exactly 27.92g, but if your ruler put 10 Konventionsthaler on the scale, they had better balance evenly against a Cologne mark.
The German processes were sufficiently precise that even today, 250+ years later, an About Uncirculated and undamaged (not clipped or holed) 1763 Madonna thaler will usually weigh within plus or minus one or two tenths of a gram from its standard of 27.9 grams!