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gtech1 6 hours ago

One thing that always bothered me was his use of currency. In the French original he mentions at least 5-6 types of currency and it seems they all have common sub-divisions, despite some of them being Spanish or even Italian.

Was France using other people's currrncy back then ?

throwup238 4 hours ago | parent | next [-]

The nation of France as we know it did not exist at that time and there was no standardized currency among the kingdoms that made up the crown. Livres, sous, and deniers were the standard unit of accounting but each major polity produced their own coinage. Kings also sometimes devalued their currencies to help pay for wars so traders preferred to use more stable currencies like Spanish and Dutch coins (Louis XIII did a major devaluation about a decade after the time period of the book, which colored perceptions of the time).

It was very common before nationalism and the standardization of currencies. I read primary sources about conquistadors and the contracts financing and supplying the expedition might involve a dozen currencies because each trader supplying the wood, food, animals, etc would work in their own preferred/local currency.

rob74 5 hours ago | parent | prev | next [-]

I'm no historian, but back then, coins were literally worth their weight in gold (or silver, copper, bronze, whatever), so it was probably easier to pay with foreign currency than we might assume...

gilrain 4 hours ago | parent | next [-]

> were literally worth their weight in gold (or silver, copper, bronze, whatever), so it was probably easier to pay with foreign currency than we might assume

Are you sure you know what the coin paid you is made of? A merchant of the time wasn’t. Those who care not to be scammed have never found it simple.

https://en.wikipedia.org/wiki/Debasement

mrob 4 hours ago | parent | next [-]

Experienced traders can make a quick estimate of the purity by rubbing it against a touchstone, which has been used since ancient times. And by treating the rubbings with mineral acids you can make even more accurate determinations, although I'm not sure if this was done in the 1620s.

https://en.wikipedia.org/wiki/Touchstone_(assaying_tool)

mikkupikku 4 hours ago | parent | prev [-]

In practice though, you only have to be as confident as the guy who will eventually sell you something for it.

throwup238 4 hours ago | parent | prev [-]

It’s more that there was a standard unit of accounting (livres, sous, and deniers) and everyone could convert from one currency to that standard and back to another currency. It moved a lot slower than modern foreign exchange so except for local fluctuations, it was rather predictable.

sandworm101 4 hours ago | parent | prev [-]

Everyone used whatever currency was locally availible, with every merchant in border regions being very aware of conversion rates. Throughout history there was also a cronic shortage of smaller-denomination cash, stuff for normal people to buy normal things. Today, we see "clipped" coins as evidence of forgery when in fact much of that was likely related to a lack of loose change. Nobody in town able to break a gold crown? Well, maybe you buy a horse with a slice of gold from that crown.