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The numismatic chronicle and journal of the Royal ... - IndianCoins.org

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102 NUMISMATIC CHRONICLE.without comment, that <strong>the</strong> same meaning must beattached to <strong>the</strong> tax in its English use.Fur<strong>the</strong>r information about <strong>the</strong> Norm<strong>and</strong>y tax may beobtained from M. Lecointre-Dupont's letters on <strong>the</strong>coinage <strong>of</strong> Norm<strong>and</strong>y in <strong>the</strong> Revue Numismatique. 9shows how frequently <strong>the</strong> dukes <strong>of</strong> Norm<strong>and</strong>y debasedHe<strong>the</strong>ir coinage in order to pr<strong>of</strong>it <strong>the</strong>mselves by <strong>the</strong>revenue thus obtained, <strong>and</strong> explains <strong>the</strong> monetagium tohave been a concession made to <strong>the</strong> people by William<strong>the</strong> Conqueror he fur<strong>the</strong>r fixes <strong>the</strong> date <strong>of</strong> this concession;asimmediately preceding<strong>the</strong> Council <strong>of</strong> Lillebonne in1080, because it was owing to <strong>the</strong> recent introduction <strong>of</strong><strong>the</strong> agreement by which William was to cease <strong>the</strong>debasement <strong>of</strong> it that that assembly was called upon t<strong>of</strong>ix <strong>the</strong> weight <strong>and</strong> fineness <strong>of</strong> his Norman coinage. Itis quite clear from this that it was not <strong>the</strong> type but<strong>the</strong> st<strong>and</strong>ard <strong>of</strong> <strong>the</strong> money which <strong>the</strong> duke undertooknever again to change, in fact M. Lecointre-Dupontsays his promise was never again to debase his money("promit de ne plus alterer ses monnaies" -<strong>the</strong>undertaking was not merelyto leave it undebasedfor periods <strong>of</strong> three years, but to leave it perpetuallyundebased). M. Lecointre-Dupont <strong>the</strong>n tells us <strong>the</strong>result <strong>of</strong> <strong>the</strong> concession. <strong>The</strong> duke's money was nowfixed at a st<strong>and</strong>ard <strong>of</strong> purity exceeding that <strong>of</strong> <strong>the</strong>neighbouring lords, who immediately got hold <strong>of</strong> hisnew money <strong>and</strong> melted it down at <strong>the</strong>ir own mints,giving to Norm<strong>and</strong>y in exchange <strong>the</strong>ir base deniers.Thus William was issuing money at a loss to himself; he<strong>the</strong>refore did <strong>the</strong> only thing that was left for him to do,namely, closed his mints in Norm<strong>and</strong>y <strong>and</strong> issued no9 Rev. Num., 1842, pp.114 fi.

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