In the case of coins, the loss of weight through use in payment transactions, also called abrasion or removal of the surface of a solid material as a result of relative movement of other solid bodies in contact with it. – In the case of gold coins circulating in Europe in the past, abrasion was given as one-sixth of a percent annually, and about one-quarter of a percent in the case of silver coins. – In the case of copper ejector coins, the wear was about ten times greater than the wear on silver pieces because of the more rapid rate of circulation of this money. – See Abmangel, Auswurfgeld, Doublé-Münze, Gequetschte, Geschaugeld, Katzengeld, Münzpflege, Passiergewicht, Quaadschilling, Remedium, Scheidemünze, Wardein,
Cisalia

Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent!
University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/

Kommentare geschlossen.