Certainly the unregulated issuance of provincial tokens was inherently chaotic. You had local authorities, social and political activists, merchants, and so on all contracting for their striking, each with their own agenda, noble or not, in distributing them. And as you point out, the opportunity was there for the makers themselves to produce them, either as miniature pieces of fine art for the well heeled to collect, or as expressions of popular sentiments for sale to those who could place them in circulation. resulting in a profit for both of those parties at the expense of the individuals who in the end were stuck with them. All this doesn't even take into account how rife forgery became, and of course such counterfeits were never going to be redeemable.
Colligo ergo sum
Edited by Lucky Cuss
02/21/2024 08:15 am