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Electrum



 
 
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Old November 3rd 05, 03:03 AM
Reid Trollsborough
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Default Electrum

On Sat, 11 Oct 2003 23:59:29 -0400, Reid Goldsborough
trolled us with:

Coins are history as much as they are money. Many find the history and
the art more appealing than the finance and the economics. And the
further back you go, the more interesting it gets. Go all the way back
to the first coins, and you reach, among other things, an entirely
different metal. Electum.

Ever since the first century A.D. Roman naturalist and writer Pliny in
his Natural History (33.80-1) defined electrum as gold alloyed
naturally or artificially with 20 percent or more silver, scholars
have used this definition. In the August issue of the Celator, in an
article titled "Electrum," Michael Marotta broke free from this long
tradition and defined it differently, as gold alloyed with any
appreciable amount of silver. Thus, Saints and other U.S. gold coins
"qualify as electrum issues." And the ancients used electrum, not
gold, for hundreds of years after the introduction of coinage, not for
a generation or two, as everyone else believes, before most minting
authorities switched over to bimetalic coinage.

A very interesting perspective. Change the meaning of words, and you
can rewrite history. The article includes some very nice coins, all
the ancient ones being from CNG.

I'm immersed right now in the issue of these first coins. Fascinating
stuff. Talking about paradigm changes.


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