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How Isaac Newton helped shape our coins

September 29, 2015 in Antique Coins, Blogs, Coins, Collecting, Education, History, Numismatica, Numismatics, Perth Mint, Precious Metals, Silver, Silver Coins, The Royal Mint, World Coins

By: Blog Team Perth Mint Blog

Milled edges on coins are often associated with Isaac Newton.

Isaac Newton is undoubtedly one of the most influential scientists of all time. He also spent 30 years running the Royal Mint, then located in the Tower of London.

The late 17th century was a time of crisis for England’s silver coinage. With many hammer-struck coins still in circulation, the problem of ‘clipping’ had become serious.

Clipping is the act of illegally shaving off a small amount of a precious metal coin for profit. The irregular shaped, rimless coins of Newton’s day made them easy to clip without detection.

And with people in continental Europe prepared to pay a high price for silver… Full article at the source>

Source: Perth Mint Blog

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