BRITAIN COIN CHANGES REFLECT INFLATION

Coins are a coincidence barometer of the state of the economy of a country. The ancient Romans issued increasingly debased gold aureii and silver denarii coins. The denarius was eventually replaced with the antoninianus or double denarius, which in turn evolved from a silver to a silver wash composition coin. All this reflects the inflation of the times. In more modern history we have seen gold coins be recalled in 1933, followed by the silver being taken out of our circulating coins after 1964 (except for the half dollar, which followed after 1970). Once again, these changes are evidence of inflation. More recently Australia, Canada, and some of the European Union nations have phased out their equivalent to the U.S. 1-cent coin. Australia and Canada have increased their highest denomination…

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World Coin News (Digital) - 1 Issue, October 2024

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