History Main / CheapGoldCoins

11th Jul '17 6:11:05 AM robinjohnson
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Subtrope of FictionalCurrency and GoldSilverCopperStandard. Contrast RidiculousFutureInflation. Compare WorthlessYellowRocks.

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Subtrope of FictionalCurrency and GoldSilverCopperStandard. Contrast RidiculousFutureInflation. Compare TreasureIsBiggerInFiction and WorthlessYellowRocks.
6th Jul '17 8:55:20 AM SantosLHalper
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The most common gold coins of the era were worth around six shillings (a bit under a third of a pound) or more, so for most people, one (generic) gold coin would represent at least a few weeks' earnings, if not a few months'. You would not use gold to do your grocery shopping. Before the late Middle Ages, gold coinage didn't even exist-- the main coin was the silver penny[[note]]which was for the longest time the ''only'' coin other than its denominations the half-penny and farthing[[/note]], which had a purchasing value of about 10 USD[[note]]From "Daily Life in the Middle Ages", by Paul B Newman[[/note]]

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The most common gold coins of the era were worth around six shillings (a bit under a third of a pound) or more, so for most people, one (generic) gold coin would represent at least a few weeks' earnings, if not a few months'. You would not use gold to do your grocery shopping. Before the late Middle Ages, gold coinage didn't even exist-- the main coin was the silver penny[[note]]which was for the longest time the ''only'' coin other than its denominations the half-penny and farthing[[/note]], which had a purchasing value of about 10 USD[[note]]From "Daily Life in the Middle Ages", by Paul B Newman[[/note]]
Newman[[/note]].
6th Jul '17 8:55:08 AM SantosLHalper
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The most common gold coins of the era were worth around six shillings (a bit under a third of a pound) or more, so for most people, one (generic) gold coin would represent at least a few weeks' earnings, if not a few months'. You would not use gold to do your grocery shopping. Before the late Middle Ages, gold coinage didn't even exist-- the main coin was the silver penny[[note]]which was for the longest time the ''only'' coin other than its denominations the half-penny and farthing[[/note]], which had a purchasing values of about 10 USD[[note]]From "Daily Life in the Middle Ages", by Paul B Newman[[/note]]

to:

The most common gold coins of the era were worth around six shillings (a bit under a third of a pound) or more, so for most people, one (generic) gold coin would represent at least a few weeks' earnings, if not a few months'. You would not use gold to do your grocery shopping. Before the late Middle Ages, gold coinage didn't even exist-- the main coin was the silver penny[[note]]which was for the longest time the ''only'' coin other than its denominations the half-penny and farthing[[/note]], which had a purchasing values value of about 10 USD[[note]]From "Daily Life in the Middle Ages", by Paul B Newman[[/note]]
6th Jul '17 8:54:22 AM SantosLHalper
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The most common gold coins of the era were worth around six shillings (a bit under a third of a pound) or more, so for most people, one (generic) gold coin would represent at least a few weeks' earnings, if not a few months'. You would not use gold to do your grocery shopping. Before the late Middle Ages, gold coinage didn't even exist-- the main coin was the silver penny, which had a purchasing values of about 10 USD[[note]]From "Daily Life in the Middle Ages", by Paul B Newman[[/note]]

to:

The most common gold coins of the era were worth around six shillings (a bit under a third of a pound) or more, so for most people, one (generic) gold coin would represent at least a few weeks' earnings, if not a few months'. You would not use gold to do your grocery shopping. Before the late Middle Ages, gold coinage didn't even exist-- the main coin was the silver penny, penny[[note]]which was for the longest time the ''only'' coin other than its denominations the half-penny and farthing[[/note]], which had a purchasing values of about 10 USD[[note]]From "Daily Life in the Middle Ages", by Paul B Newman[[/note]]
6th Jul '17 8:52:36 AM SantosLHalper
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The most common gold coins of the era were worth around six shillings (a bit under a third of a pound) or more, so for most people, one (generic) gold coin would represent at least a few weeks' earnings, if not a few months'. You would not use gold to do your grocery shopping. Before the late Middle Ages, gold coinaged didn't even exist-- the main coin was the silver penny, which had a purchasing values of about $10 in USD[[note]]From "Daily Life in the Middle Ages", by Paul B Newman[[/note]]

to:

The most common gold coins of the era were worth around six shillings (a bit under a third of a pound) or more, so for most people, one (generic) gold coin would represent at least a few weeks' earnings, if not a few months'. You would not use gold to do your grocery shopping. Before the late Middle Ages, gold coinaged coinage didn't even exist-- the main coin was the silver penny, which had a purchasing values of about $10 in 10 USD[[note]]From "Daily Life in the Middle Ages", by Paul B Newman[[/note]]
6th Jul '17 8:51:41 AM SantosLHalper
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The most common gold coins of the era were worth around six shillings (a bit under a third of a pound) or more, so for most people, one (generic) gold coin would represent at least a few weeks' earnings, if not a few months'. You would not use gold to do your grocery shopping.

to:

The most common gold coins of the era were worth around six shillings (a bit under a third of a pound) or more, so for most people, one (generic) gold coin would represent at least a few weeks' earnings, if not a few months'. You would not use gold to do your grocery shopping.
shopping. Before the late Middle Ages, gold coinaged didn't even exist-- the main coin was the silver penny, which had a purchasing values of about $10 in USD[[note]]From "Daily Life in the Middle Ages", by Paul B Newman[[/note]]
20th May '17 10:21:16 AM nombretomado
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* The ''Franchise/{{Ultima}}'' series is an odd case with this. The existence of silver and copper coins in the game world is mentioned, but you only ever see gold yourself. A person working at the mint in ''VideoGame/UltimaVI'' shows you copper and silver coins, and then says something like "A grand adventurer such as yourself would surely only deal in gold." That still doesn't explain why one night at a regular inn can cost twenty gold.

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* The ''Franchise/{{Ultima}}'' ''VideoGame/{{Ultima}}'' series is an odd case with this. The existence of silver and copper coins in the game world is mentioned, but you only ever see gold yourself. A person working at the mint in ''VideoGame/UltimaVI'' shows you copper and silver coins, and then says something like "A grand adventurer such as yourself would surely only deal in gold." That still doesn't explain why one night at a regular inn can cost twenty gold.
14th May '17 12:08:51 PM SantosLHalper
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* With the conquest of the Boer republics in 1902, gold flooded the British markets and the Gold Sovereign (a 1-pound coin) became an everyday item, possibly making Edwardian Britain one of the few RealLife examples of this trope. [[RealityEnsues On the other hand,]] the proliferation of cheap gold meant that the value of the pound fell dramatically, causing prices to inflate by a third and real wages[[note]]i.e. the actual purchasing value of a worker's wage, not the base number of pounds they were earning[[/note]] to fall by 13%.

to:

* With the conquest of the Boer republics in 1902, gold flooded the British markets and the Gold Sovereign (a 1-pound coin) became an everyday item, possibly making Edwardian Britain one of the few RealLife examples of this trope. [[RealityEnsues On the other hand,]] the proliferation of cheap gold meant that the value of the pound fell dramatically, causing prices to inflate by a third and real wages[[note]]i.e. the actual purchasing value of a worker's wage, not the base number of pounds they were earning[[/note]] wages to fall by 13%.
28th Mar '17 3:39:59 PM SantosLHalper
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* With the conquest of the Boer republics in 1902, gold flooded the British markets and the Gold Sovereign (a 1-pound coin) became an everyday item, possibly making Edwardian Britain one of the few RealLife examples of this trope. [[RealityEnsues On the other hand,]] the proliferation of cheap gold meant that the value of the pound fell dramatically, causing prices to inflate by a third and ''real wages''[[note]]i.e. the actual purchasing value of a worker's wage, not the number of pounds they were earning[[/note]] to fall by 13%.

to:

* With the conquest of the Boer republics in 1902, gold flooded the British markets and the Gold Sovereign (a 1-pound coin) became an everyday item, possibly making Edwardian Britain one of the few RealLife examples of this trope. [[RealityEnsues On the other hand,]] the proliferation of cheap gold meant that the value of the pound fell dramatically, causing prices to inflate by a third and ''real wages''[[note]]i.real wages[[note]]i.e. the actual purchasing value of a worker's wage, not the base number of pounds they were earning[[/note]] to fall by 13%.
28th Mar '17 3:39:12 PM SantosLHalper
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Added DiffLines:


[[folder: Real Life ]]
* With the conquest of the Boer republics in 1902, gold flooded the British markets and the Gold Sovereign (a 1-pound coin) became an everyday item, possibly making Edwardian Britain one of the few RealLife examples of this trope. [[RealityEnsues On the other hand,]] the proliferation of cheap gold meant that the value of the pound fell dramatically, causing prices to inflate by a third and ''real wages''[[note]]i.e. the actual purchasing value of a worker's wage, not the number of pounds they were earning[[/note]] to fall by 13%.
[[/folder]]
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