Posted on 03/04/2014 12:57:16 PM PST by Rusty0604
He wasn't the only one. Some emperor after him plated copper coins with silver. He was a heavy drinker and when the silver plate wore off the high spots on the coin like his nose, the standing joke was that the coin more accurately portrayed him as his nose became copper red.
Things got so bad after a while that the citizens were forced to pay in real silver and gold, but the govt paid out in the debased coinage.
[Sidebar] Ever wonder why the dimes and higher coins have reeded edges? That was instituted to prevent "shaving" a sliver off the coin. Do it to enough of 'em and you had a weeks/months pay. Useless now with the clad coins.
When I sold some British sovereigns during the runup in the late '70s, the dealer said I had some unusually nice coins (not pockmarked). It seems that when sovereigns were the coin of the realm, the money boys would get a sackful and shake the daylights out of the bag. Then they would dump the coins and "pan" the cloth bag for the "dust".
Obama pinches pennies while Moochie hightails it for an all expense paid trip to China.
Who knew they had their own club? I thought they were in for laundering money.
Are you kidding...this is long overdue.
ditching the penny is really going to save the world, lol
How about making the nickels out of wood?
How about making the nickels out of wood?
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