Coinage
Coins are distinct from Units of Value. The latter never change, are essentially immune to inflation, and are completely immune to debasement. The former, however, are physical objects, essential to day-to-day trade.
Units of Value
For convenience sake, we will use a universal conversion currency of modern U.S. Dollars. The USD is kept in sync with Oathkeep currency by comparing the value of staple items (grain, dairy animals, etc). System 7 supports other settings, such as modern and sci-fi, so a single universal currency is needed to keep the equipment system in sync.
Unit | Value in USD | Description |
---|---|---|
Librus | $2000 |
The worth one pound of silver. |
Solidus | $100 |
Standardized in the modern age to the value of a sheep, or approximately the mechet paid by a serf of the lowest caste to his lord each year. 1200 years ago, this was a gold coin minted in Ascadia; now, such a coin would be worth far more. |
Denarius | $5 |
1/20th of a solidus. Approximately the value of a good meal, or 2 chickens. Was once a small silver coin, now silver is worth far too much to mint such a coin. |
As | $0.50 |
1/10th of a denarius. Not often used, since units of value are typically only used to describe larger sums, such as the worth of a property or a mercantile shipment. Once represented the purchase price of an ass; now, such an animal would cost more than a hundred times that amount. |
Any complex transaction, such as the purchase of land or buildings, contracting a work company, buying raw materials in bulk, etc, will use these Units of Value, particularly for all legal paperwork involved. When actual money changes hands, it may take many forms--coin, bullion, trade, I.O.U.s, etc--so Units of Value are quite convenient in standardizing value for such purposes. Since coin in different realms can have very different values, and not all realms mint coins whose metal content is worth the surface price, it is essential to use abstract units when dealing with large amounts of money.
Coins
Coins are minted in various locations, and used in various localities. This article will organize by the latter.
Coins in use throughout the old Kingdom of the Sword
Standard Coins
Coin | Value in USD | Metal Content | Weight | Diameter | Thickness |
---|---|---|---|---|---|
Appearance | Obverse | Reverse | Mint | Description | |
Canon | $2000 |
Gold, 3.5 grams |
3.82 grams |
20mm |
1.85mm |
Bright gold |
Likeness of the current Supreme Potentate |
The Eight-Pointed Starburst, the words "(name of current Supreme Potentate) magnus eternus" | Orendon |
Minted since the Nevrhal Reforms of 1028 GC, the Canon allows for larger transactions without the use of bullion. Rare outside the hands of the rich. | |
Crown | $500 |
Silver, 8.6 grams |
9.3 grams |
30mm |
2mm |
Bright silver |
A crown, encircling the Dynasty Blade |
The Court of the Oath, as it once stood in Oathkeep; the words "Gloria Regi Aeternum". | Orendon, Cardien |
Since the Nevrhal Reforms, this new, more substantial, more pure silver coin serves as a properly-based replacement for the old Aureus | |
Shilling | $100 |
Silver, 1.72 grams |
1.86 grams |
15mm |
1.5mm |
Bright silver |
Image of the current duke/duchess |
Image of ducal capitol, the words "nostrae, patriae" |
Ducal capitols |
The reforms attempted to centralize all minting, but traditions held too strongly; the most common coins are minted in ducal capitols, using hardware created by regional mint centers. | |
Penny (de facto) | $5 |
Debased |
~1.3-1.6 grams |
~10-14mm |
~1.3-1.5 mm |
Dull copper, corroded |
Many imprints, kings and dukes of old |
The Five-Pointed Star in many cases |
No current mints |
By far the most common coin in the realms, the old, highly debased, non-standard "silver" Penny is a thin, soft wafer of mostly lead and copper, imprecisely stamped, easily clipped, and not even remotely standardized. They are far too common to simply replace through minting, as that would grossly inflate the currency. | |
Penny (standard) | $5 |
Copper, 0.85 grams |
2 grams |
17.5mm |
1.5mm |
Bright copper |
trias populi, a three-pointed star representing the three pillars of Ascadian society. |
The Five-Pointed Star, an old symbol of the One God | Avila |
Minted in Ascadia, the only realm that has managed to phase out the old, debased pennies, this coin is meant to honor the common man, as opposed to kings or gods. Other realms have been trying for a century to replace the older coins with a standard mint, but are reluctant to give Ascadia such control over their currency; yet, they lack the technology to so precisely mint corrosion-resistant copper coins themselves. | |
Bit | $1 |
Copper, ~0.17 grams |
~0.4 grams |
n/a |
~1.5 mm |
Varies |
Varies |
Varies |
None |
The bit is simply 1/5th of a penny. The unofficial practice of cutting pennies into lesser currency for smaller exchanges began during the late Auld Empire, when the currency was so debased with lead and copper that it became possible to cut. It was later standardized, with the Five-Pointed Star, an arguably obsolete symbol at the time, forming a convenient guide for cutting bits accurately, reducing their variability. Debased bits are rarely accurate, but modern bits cut easily; indeed, some Ascadian banks even provide pre-cut bits, cut into perfect triangles (Ascadians cut their bits 3 ways, thus the three-pointed star on the observe of their Penny; to permit the continental 5-way divide, they use the standard 5-pointed star on the reverse). |
- Standard Conversions
These conversions are automatically accepted, without weighing, for all standard coins (save some of the particularly debased old pennies).
Coin | In Canons | In Crowns | In Shillings | In Pennies | In Bits |
---|---|---|---|---|---|
Canon |
1 |
4 |
20 |
400 |
2000 |
Crown |
- |
1 |
5 |
100 |
500 |
Shilling |
- |
- |
1 |
20 |
100 |
Penny |
- |
- |
- |
1 |
5 |
Non-standard Currencies Commonly Accepted
Short version:
- Septim: Auld Empire gold coin, accepted at 2000 bits. Bears seven-pointed star of the Great Church. Still minted in the High Forest for exchange with humans.
- Aureus: Ascadian standard gold coin, accepted at 2500 bits. Bears an engraving of the Senate Hall.
- Dinar: Sailleen gold coin, accepted at 2486 bits. Bears image of the current Satrap. Pure gold, as opposed to the near-pure gold of northern coins, which is much harder and more resistant to clipping.
- Dirham: Sailleen silver coin, accepted at 178 bits. Bears image of the Sailleen Wall. Pure silver, often corrodes in the more moist climes of the north.
- Daniq: Sailleen copper coin, accepted at 30 bits. Bears symbology of the native Ahrimin. Nearly pure copper, tends to corrode.