New answers tagged

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Anything in limited, stable supply Things or materials that cannot [easily] be created and don't easily break down have a reasonably stable value because if everything suddenly became cheaper, everyone would start buying more stuff and vendors would just raise their prices again. If a few people started creating more currency and spending it, it would ...


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To stick with the D&D theme, how about mithril? The mithril coins could be quite small and light. All the other coin metals have intrinsic values, so your new intermediate coin should too. Sure, your players may start hoarding the new coins in hopes of melting them down into a new piece of armor. That’s okay. Just fiddle around with the coin’s size and ...


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The OP refers to D&D... and it is obvious to me that the OP is familiar with some version from 3e onwards, since 2e and earlier contained exactly the concept that this question seeks, namely that of a currency of intermediate value between Gold and Silver: Electrum, a natural or artificial alloy of gold and silver. In D&D 2e, an Electrum piece (ep) ...


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Regulatory Failure: The central government has prohibited or failed to regulate (for whatever political reason) the interplanetary commerce and banking that makes instant payment trustworthy and reliable. So merchants and travelers must carry cash, and cannot use local ATMs. Of course, such severe mismanagement of the economy is likely to result in high ...


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If your currency were to be made solely from an element that can only be obtained from the civilization's homeworld or home system they could be using physical currency to prevent counterfeiting by other civilizations. Alternatively, a unknown alien civilization may laugh when you pull up your digital wallet and show them a big number because they don't ...


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Here are a few reasons: Anonymity - anything "on the waves" can be tracked; cash is harder to track, especially if it's something valuable like silver (ie no number on it) Sustainable Value - digital currencies are prone to rapid fluctuations in buying power; a dollar today will buy more than a dollar in the future (inflation). Any non-paper physical ...


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Maybe as a backup. The internet connections can fail for whatever reasons (in real life we just had an internet failure because an excavator hit an optical fiber cable). Or for illegal reasons. Drug addicts, brothel visitors and contract killers maybe don't want to share their expenses and incomes with banks.


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Some inspiration... After WW2, people in germany bought 'lucky strike' cigarettes with their silver, because they could trade cigarettes more easily against food. Cigarettes were the best currency at the time, because they were all the same, came in packs, were inflating naturally, people were already adicted and you couldn't produce them yourself.


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Tin A large tin coin would be more valuable than a small silver coin. Tin is very valuable for making bronze and fairly rare. So it may be too valuable for use in coins. Brass Brass did not really exist in the ancient world but in fantasy world you could have brass, and brass is valuable and makes good coins. Zinc Zinc only shows up late in the medieval ...


4

Traditional Japanese currency was rice. It stores well, it’s uniform size, and it’s directly proportional to the actual wealth: amount of land you hold and the number of people you can sustain. Most farmers grew rice not to eat but to pay taxes. Instead they ate cheaper grains like millet. Eating rice was like eating money. Something for the rich to do. ...


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So you want a good way to divide a silver coin into small amounts ? divide the coin itself. This idea is not mine, but is an historical exemple : Hacksilver. Currency usually come from a high authority (the state, the church, the banks...), and while it can be made out of valuable metals, the value don't really come from the material itself, but from the ...


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What currency is and how it is different from other tradeable goods Currency is a form of money. Money in the form of currency is represented by small lightweight standardized and durable pieces having uniform value. The advantage of using money in the form of currency is that the pieces are: Uniform. The uniformity of currency pieces allows for the value ...


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Salt It is commonly believed the Roman soldiers were paid in salt, although this belief has met some recent challenges. Per the same second link, quoting Marcus Livius in 204 BC, the typical price of a pound of salt is $1 \over 6$ pieces of copper. Through the middle ages, a single piece of copper was equal to roughly a day's wages for most unskilled and ...


1

In medieval times, not all places used minted coins for all transactions. Some still used trade and taxation in kind. This is to say barter and otherwise offering goods and products. So, somebody could go to the market and use grain or livestock to trade for other items, or products of these, such as bread or milk. The same might be acceptable as taxation, ...


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Pearls In the real world, all but the smallest pearls are fairly expensive. A strand of Akoya ('standard') pearls can cost from USD 300 to more than USD 10,000, while other varieties may be more or less valuable. Obviously, pearls come in different sizes, but if pearls are used as currency, scales can be used to determine value - which needs not be linear ...


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Glowstones. The problem with gems is that they are not intrinsically useful. But a gem that emitted light would definitely be useful in a world otherwise lit only by fire. Cool, smokeless, permanent light is worth a lot. You could make these gems small, so you would need a fair number of them to equal a candle. But they are durable as well as useful, so ...


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If you look back at history and to why we started using gold, silver and other valuables as currency, is because they were rare, hard to get and therefore coveted. In general, the reason we use metals instead of gemstones as currency is because we can melt the metals down and cast them into a consistent shape, so we know the value is also consistent. So, ...


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Modern coins and paper bills are a promise that they can be exchanged for something of value. The fancy material and engraving prevent people from simply creating more of these promises. Ancient coins are items of value themselves. They are stamped to reassure the users that the shape has not been "shaved" and that the material is not diluted. Gold and ...


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Quite frankly, there's a reason the world moved to fiat currency; I'm going to describe one form this could take, but you're not going to get perfection. A normal precious-metal backed currency would be (at least theoretically) be exchangeable for X amount of gold/silver. This currency can be exchanged for a calorie of food, with the actual food used at the ...


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Sure. In ancient Rome, the coins were made of a variety of precious metals. https://www.britannica.com/topic/aureus There were official exchange rates between coins of equal size made of different metals. So many silver coins to a gold coin, so many copper to a silver, and so forth. This was subject to many different kinds of debasement and outright ...


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Why would they stop being valuable? Metals has intrinsic value, high purity metal used in coinage even more so. but also consider very old coins are worth more now than they were originally, especially if the place that made them no longer exists. A roman coin is worth way more than its intrinsic value. For most of history coins were not standardized, ...


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The Old Kingdom had developed unparalleled technology for fine detail metalworking. Unfortunately, the technology was lost with the Kingdom, and nothing close has since been developed. This makes their money impossible to duplicate, that is, impossible to forge. Precious metals are at a disadvantage. How confident can people be that that's real gold? Sure, ...


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Each of the successor states claims to be the rightful heirs of The Old Kingdom. They continue using the currency as part of their claim. Unlike those other pretenders. Except for those oddball trading countries who decide to use the same currency as their trading partners for convenience sake.


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Honestly, you do not need a "currency" if your using Mi'ta tax system (a form of tax where one's tax is payed in labor to the government). As you are requiring the tax to pay provide labor to the government in liue of any other currency (you have none of that) or commodity tax (i.e. the government requires so commodity for your production of commodities). ...


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Money is valuable because money is valuable At one point, the Argen was valuable mostly because the Old Thrones said it was, and used their power and influence to make it so. But people adapted to this reality. Now lots of people have these coins. They don't want them to become worthless, that hurts their economic power (because something that used to be ...


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It may interest you that the ancient Egyptians seemed to use loaves of bread and jars of beer as accounting units. We have a number of inscriptions that say things like "give Bob 50 loaves of bread and ten jugs of beer". While low amounts might actually be paid in bread and beer, presumably large amounts were then converted into other commodities or ...


1

The Wörgl, a currency tied to labor The basic idea of this currency is that you make a cheap paper note with an official dated stamp, and the currency is tied to labor time. So, if you spend eight hours fixing my fence, I pay you eight Wörgls. You also establish general exchange rates for basic commodities, but since most people work with their hands, the ...


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There are two obvious mechanisms that can insure your iron coins retain some value Iron does also have intrinsic value of its own / always will : If a 9 inch iron dagger blade weighs 445g & the iron coins weigh one ounce (28 grams) then sixteen of the iron coins are enough to make a blade. So if a new dagger is normally sold for two gold pieces then ...


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Token for a commodity Early Babylonian currency would likely be a good example - I'm not an expert in that area, but as far as I understand, their early currency was tokens issued by the communal temple-granaries that essentially said "you can get 1 [weight-unit] of grain from the granary" and which were usually obtained by handing over grain to the common ...


1

Could a centralised bank system work for your society? Then each citisen could trade using a cheque-like system, stating "I owe you 12 credits for this pair of high heeled-shoes you made for me." With these, you could just write out a cheque to whoever you're buying from, they give you the bread then at the end of the day/week/month, the baker brings all of ...


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I believe that for a society as small as this, you can introduce a system of community supplies. Let me explain and let's see if this system works. In the village there is a large community hall (or a set of halls at multiple places) maintained by the council, this community hall is like a shopping/free center. All the goods produced within the village, ...


0

There is a historical example of this. When comminists came to power in 1917 in Russia, they had to continue to mint old "czar" money (actually restarterd - czar was overthrown 6 month earler). The main reason was - foreign affairs. Other countries had everything nominated in czar golden coins and they do not want to change this way (gold is gold). But ...


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how about because it have historical value in it. like respect or nostalgia for the old kingdom, like the past ruler or the kingdom is very influential for the current kingdom history or tradition etc. thats why they still keep such currency.


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Do you know where the word salary comes from? It comes from the pay which was given to roman legionnaires, salaries, consisting of salt. Salt is hard to make and until recent time it was highly valuable for this very reason, thus it can be used as convenient value deposit.


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The coins hold their value because they have intrinsic value, the value of the material they're made out of. Unlike current fiat currencies in our world, that's how currency got its value originally. A coin had the value of the amount of metals that went into its creation. It wasn't until much later that that link was lost, mostly when somewhat less ...


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The coins of a fiat currency, if designed correctly, will always have an intrinsic value lower than their face value; that is to say, that the value that the nation all agrees the coin is worth should be more than the cost of the materials and labour used in minting the coin in the first place. There is a very simple reason for that; if you put $2 worth of ...


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Retiring the old coinage and minting new one takes a lot of effort and a centralized institution with sufficient control over the territory. The Menanids were not very stable and the territory of the old kingdom fractured into dozens of successor states and petty kingdoms splintered away during the chaos of the collapse. Other than barter, using old ...


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