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W. C a r e w H a z l i t t Coinage of the European Continent

W. C a r e w H a z l i t t Coinage of the European Continent

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46 The Coins <strong>of</strong> Europe<br />

<strong>the</strong> Middle Ages <strong>the</strong>y continued to pass in France,<br />

if not elsewhere, in default <strong>of</strong> small coinage, at an understood<br />

rate.<br />

The copper coin remained in modern times <strong>the</strong> special<br />

machinery for all<br />

ordinary transactions <strong>of</strong> small amount, and<br />

its early introduction into those <strong>European</strong> states which were<br />

<strong>the</strong> pioneers in commerce and discovery, was a step at once<br />

wise and convenient. The Arabian and Norman settlers<br />

'<br />

in <strong>the</strong> Two Sicilies were<br />

followed in this respect by <strong>the</strong><br />

Spaniards and <strong>the</strong> Ne<strong>the</strong>rlanders, <strong>the</strong> Venetians and Portuguese<br />

and in some instances, as at Ragusa in Sicily,<br />

;<br />

we find copper money <strong>of</strong> Roman type and fabric, and<br />

<strong>of</strong> admirable execution, current during <strong>the</strong> twelfth and<br />

thirteenth centuries. In parts <strong>of</strong> Holland, even in <strong>the</strong><br />

fourteenth century, <strong>the</strong>re was already seigniorial or feudal<br />

money in copper. In <strong>the</strong> later half <strong>of</strong> <strong>the</strong> fifteenth, Pesaro<br />

in Italy possessed a currency, like Venice, in copper sesmi,<br />

bearing on <strong>the</strong> obverse <strong>the</strong> effigy <strong>of</strong> Giovanni Sforza (1483-<br />

1510), and on <strong>the</strong> reverse <strong>the</strong> significant words Pvblicae<br />

Commoditati. A copper grano <strong>of</strong> Malta <strong>of</strong> 1629 reads on<br />

reverse Hospitali Hiervsalem Vt Commodivs, Almost within<br />

our own time Portugal, though deposed from its former rank<br />

as a first-rate Power, had an issue <strong>of</strong> 4O-reis pieces in copper<br />

<strong>of</strong> <strong>the</strong> module <strong>of</strong> <strong>the</strong> English twopence <strong>of</strong> 1797, inscribed in<br />

a similar spirit, Pvblicae Vtilitati.<br />

On <strong>the</strong> <strong>Continent</strong> from at least <strong>the</strong> sixteenth, and in<br />

England from <strong>the</strong> seventeenth century, <strong>the</strong> deficiency <strong>of</strong><br />

small change was met by <strong>the</strong> local issue <strong>of</strong> traders' tokens <strong>of</strong><br />

copper and in ; England, again, <strong>the</strong> higher average <strong>of</strong> wealth,<br />

with <strong>the</strong> existence <strong>of</strong> minor subdivisions <strong>of</strong> <strong>the</strong> silver penny,<br />

rendered <strong>the</strong> absence <strong>of</strong> a currency in <strong>the</strong> lower metal less<br />

momentous. It was not till<br />

1672 that <strong>the</strong> confusion and<br />

inconvenience arising from <strong>the</strong> multiplicity <strong>of</strong> tokens led at<br />

last to <strong>the</strong> addition <strong>of</strong> a halfpenny and farthing <strong>of</strong> Swedish<br />

copper to <strong>the</strong> royal coinage ; and <strong>the</strong>se new denominations<br />

were appropriately designated Numorum famuli, or, in o<strong>the</strong>r<br />

words, pieces <strong>of</strong> humbler value for common use. This<br />

designation was exactly on continental lines, just<br />

as <strong>the</strong>

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