Coin Clipping

   The practice of shaving or clipping off some of the metal of silver coins, in a way that would not be noticed, thus reducing their value. Since Europe used to be a coin based economy, this practice resulted in heavy penalties, and even hanging.

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  • Coin clipping — is the act of shaving off a small portion of a precious metal coin for profit. Over time the precious metal clippings would be saved up and melted into bullion. Up until the mid 20th century, coins were often made of silver or gold, which were… …   Wikipedia

  • Coin Clipping — Shaving down of pennies and other silver coins to reduce their value. This was a serious problem in a metals based economy, resulting in heavy penalties, including hanging …   Medieval glossary

  • Clipping — may refer to: Contents 1 Words 2 Science and technology 3 Animals 4 Sports 5 See also …   Wikipedia

  • Coin — This article is about monetary coins. For other uses, see Coin (disambiguation). A selection of modern coins …   Wikipedia

  • Clipping — Clip Clip (kl[i^]p), v. t. [imp. & p. p. {Clipped} (kl[i^]pt); p. pr. & vb. n. {Clipping}.] [OE. cluppen, clippen, to embrace, AS. clyran to embrace, clasp; cf. OHG. kluft tongs, shears, Icel, kl[=y]pa to pinch, squeeze, also OE. clippen to cut,… …   The Collaborative International Dictionary of English

  • Methods of coin debasement — This article is about grassroots methods of coin debasement. For coin debasement generally, see debasement. Coin debasement is the act of decreasing the amount of precious metal in a coin, while continuing to circulate it at face value. This was… …   Wikipedia

  • Farthing (British coin) — A farthing (meaning fourth part ) was a British coin worth one quarter of a penny and 1/960 of a pound sterling, slightly over a mill division in other currencies. Such coins were first minted in England in the 13th century, and continued to be… …   Wikipedia

  • One pound (British coin) — This article is about the circulating one pound coin issued since 1983. For earlier coins worth one pound, see Sovereign (British coin), Broad (British coin), Laurel (English coin), and Unite (English coin). One pound United Kingdom Value 1 pound …   Wikipedia

  • Two guineas (British coin) — What is nowadays known as the Two Guineas coin was first minted in 1664, in England, when it had a nominal value of forty shillings and it was known as a forty shilling piece, then it was later called a double guinea or two guinea piece, worth… …   Wikipedia

  • Guinea (British coin) — The guinea coin of 1663 was the first English machine struck gold coin. The coin was originally worth one English Pound Sterling, which was twenty shillings; but rises in the price of gold caused the value of the guinea to increase, at times as… …   Wikipedia

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