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by sandworm101
802 days ago
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Not all clipping was illegal, or even nefarious. It was only a crime where there was a solid national currency system, which was far from universal. Many people would be trading in a variety of currencies, none of which was specifically backed by any laws forbidding clipping. Clipping would become so common that anyone with good coins was a fool not to clip them down to the local norm. There was also a general lack of small change in the ancient world. Heavily clipped coins, or even their clippings, likely substituted for the lack of smaller denominations. If a coin is worth its weight in silver, silver must be worth its weight in coins, clippings or not. |
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This created barriers to entry for valuation of money in the form of owning a scale that required higher precision in weight estimation. On top of that one can imagine that dispute that a merchants scale (this still probably happens even today) cheats was most likely common place.
It's fairly easy to imagine a cleverly placed point of additional friction can "tip the scales" in a merchants favor.
All that to say it would have been good to be in the "measurement" business way back in the day. Hell it's still a good business today, but we need it far less for the exchange of coinage/money which I think is a pretty great thing.