CHURCHILL, BLYTHE AND THE CRISIS OF BRITISH SILVER COIN IN IRELAND, 1926–9
By Mark Stocker A long-overlooked aspect of the 1928 Irish Free State coinage was how the new, precarious, state could benefit from seigniorage. This denotes the profit made by a government issuing currency through the difference between its face value and lower production costs. Only higher-value silver coins (half-crown, florin and shilling) mattered here. W.T. … Read more