We will compare weights and metal proportions to investigate differences in standards and wear using numerical data.
Time to read the text: about 7 min The review questions are optional and not included in this time. What you can read: the course opening and contents are free; the full text is for those who have purchased After purchase, you can read the full text once your access starts.
Comparing by weight alone is a sure way to make a mistake.
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Two coins with similar weights can be far apart when you compare their contents.
27.7g and 29.03g
The silver inside is 20.78g and 25.69g.
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Silver coins with less content were disliked at home and used for payments abroad.
Bad coins wander the world because they're not welcome at home.
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If you weigh 100 coins, you get a mountain shape. The peak is the weight the mint aimed for.
The mountain's spread shows the skill; the lighter side's tail shows what happened later.
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The diameter tells you why it got lighter. Was it from wear, or was the edge clipped?
The ridges and letters on the edge were a measure against clipping.
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When you see 'Average 27.7g', ask how many coins were weighed for that average.
The average of 3 coins and the average of 300 coins look the same on the surface.
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The pound was originally a unit of weight. 240 pennies were made from 1 pound of silver.
The shekel, mark, and peso were born the same way.
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1344
A gold coin that overvalued gold was not used.
The king decides the face, but the market decides if it walks.
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Write large numbers with a range. The Great Buddha's bronze is about 500 tons.
If you remove the range and round the number, you're faking accuracy.
2In numbers
20.775g
Silver in a 27.7g silver coin with 0.75 purity
Coin's weight27.7g
Silver inside20.775g
4.91g
The difference in content between two silver coins. The weight difference is only 1.33g.
Difference in weight1.33g
Difference in silver inside4.91g
3What would you do?
You have two silver coins that have lost the same amount of weight. Did they wear down over decades, or did someone clip their edges? Besides weight, what else do you check?
Pick one
Measure the diameter
This is the key. Wear makes the whole coin thinner, so the diameter barely changes. Clipping cuts the edge, so the diameter shrinks.
Look at the color
The other number we use in this course is diameter. If the weight is less but the diameter is the same, it's wear. If the diameter has also shrunk, it's clipping.
A single number doesn't decide anything. You can only tell the difference when you compare two or more.
You can decide how far to trust a figure written as "about 27.7 grams."
Can explain the process by which the shekel, pound, mark, and peso evolved from units of weight into names of currencies.
Can read and compare standards from different eras using the formula of "how many coins from a standard weight".
You can start this course without reading any other course.
If you want to know more about checking sources (optional)
Is It Really True? Checking History We re-examine the origins of money and famous anecdotes, comparing them with historical records and actual artifacts.
Assessment
13 exercises in this course (7 check, 0 compare, 6 written). Progress is recorded by self-assessment.
The 8 chapters of this course
One multiplication makes the incomparable comparableWeight × fineness = pure metal. Compare by weight alone and you will always be wrong.
Weigh a hundred and the shape of the hill begins to speakThe peak of the hill is the mint, its spread the technique, its left tail what happened during circulation.
Wear and clipping give different shapesWeight alone is not enough. Pair it with diameter and the causes separate.
Reading the "about" in "about 27.7 grams"When you see a number, tell standard from measurement; if measured, ask the sample size.
Weight Becomes the Name — From the Shekel to the PesoMany major currency names originate from units of weight. These names carry memories from before the age of coinage.
The grammar of standards — "From a standard weight, how many pieces"Standards are written with a single grammar: "from a standard weight, how many pieces." If the number of pieces changes, the content of a single coin changes.
The Bimetallic Ratio — A Precarious Balance Between Two MetalsIn a bimetallic system, if the ratio is misjudged, one of the metals will disappear. The king determines the face of a coin, but the market determines its feet.
The Protocol for Large Numbers — The Great Buddha and the IndemnityFor huge numbers, convert the units to modern equivalents, add a range, place a yardstick alongside, and report the number along with its range.
Readings (11)
The Coinage Act of 1792 United States 1792 The text of the Coinage Act The scene where a law fixed the weight down to a quarter of a grain. Read it against the failure of paper, to see why such fineness.
The lion daalder goes out into the world Netherlands from 1575 A harbour in the Low Countries The source of the figure in §1. Check in the original the passage giving weight and fineness.
Before the beginning Overview: the world the 18th century BC Babylonia Before money existed, value was weight itself. It shows that weighing was not a technique that came later.
Gold and invasion Japan 1588 Kyoto Weight 44 monme = about 165 grams. A case where monme and grams are given side by side. Watch the change of unit.
King Offa's Penny Overview: the world Britain the 8th century Section 5. Two hundred and forty pieces from one pound of silver—the original text from an era when the pound was a unit of weight.
Medina del Campo Spain 1497 A mint of Castile Section 6. Sixty-seven pieces from one mark. The most beautiful example of the grammar of standards.
Newton and the Guinea Overview: the world Britain AD 1717 Section 7. The paragraph on how, under Newton's ratio, silver coins disappeared from circulation.
The copper that cast the Great Buddha Japan 747–752 Tōdai-ji, Yamato Province Section 8. How the material described the range when converting 739,000 kin to 500 tons.
Three Scales Greece 6th century BC The Agora of Athens The Aeginetan drachma was about 6.1 grams, while the Athenian drachma was about 4.3 grams. Even with the same name, the weight differed from city to city, which is why money changers' tables became a viable business.
The standard called wu zhu China 118 BC–AD 8 A desk weighing excavated coins When excavated Wuzhu coins are weighed, there is no single answer. The inscribed value, the actual weight, and the value accepted in the market. The task of tracing the discrepancies between these three is described here, in front of the actual artifacts.
The Year 1897 Russia 1897 The Mint The oddly denominated 7 rouble 50 kopeck gold coin has the same weight as the old 5 rouble gold coin. Please try to follow the calculation that reveals the devaluation from its face value.