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**bMc8F9ZI** · 01-16-2012, 11:07 AM

Another thing. If you introduce gold coins, then there should be people maintaining the standard of the coins, eg. making sure the gold percentage is constant, the coins aren't "clipped", forgeries are severely punished.

When England used gold coins, forgery was punishable by death. Isaac Newton himself, who was in charge of the Royal Mint, sent many forgers to the gallows.

Also, historically many kingdoms and empires end up "diluting" the coins by reducing the percentage of gold and silver, usually when the govt ran out of money to pay the army. Should the caliphate government be allowed to devalue money like this?

01-16-2012, 11:07 AM	#19
bMc8F9ZI Join Date Oct 2005 Posts 512 Senior Member	Another thing. If you introduce gold coins, then there should be people maintaining the standard of the coins, eg. making sure the gold percentage is constant, the coins aren't "clipped", forgeries are severely punished. When England used gold coins, forgery was punishable by death. Isaac Newton himself, who was in charge of the Royal Mint, sent many forgers to the gallows. Also, historically many kingdoms and empires end up "diluting" the coins by reducing the percentage of gold and silver, usually when the govt ran out of money to pay the army. Should the caliphate government be allowed to devalue money like this?
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