Devalue

1949 Britain devalues and starts an international realignment of exchange rates
Britain devalues the pound from $4.30 to $2.80 i.e. by about 30% against the dollar.

If a mint used less precious metal than was required so that the product was under weight or if they used a more debased metal that was below the required fineness, then the coinage produced would be devalued in relation to other coinages.

Then began the daunting task to decide how to devalue the old coins (rochunas) and find a way to discriminate them from the new coins (rodases) until a totally new "pillars-and-waves" design could be put in place.

Where would we turn to if the known currencies of the world suddenly devalued and became worthless in real terms?

Thus the use of light or devalued coinage for payment discouraged import of goods into England, encouraged export and thereby created a favorable balance of trade and a net flow of silver into the country.

The Bank was nationalized in 1946 by the post-war socialist Labor government, and soon the Pound itself was devalued from over $4 to only $2.80.

Schjoth records people were forced to accept these at10 Wu-shus (50 shu), but they were later devalued to 1 Wu Shu (5 shu). This parallels developments occurring in Northern China at the same time.

When the debased coins were devalued in Nepal, at some date prior to AD1767, problems arose between the Nepalese and the Tibetans over the value of the debased coins.

All the logical ones will argue that no "thing" would ever devalue it's own wealth in such a way (by flooding the market with gold). Although improbable and illogical, it's not impossible.

Under continuing economic pressure, and despite months of denials that it would do so, on September 19, 1949, the government devalued the pound by 30 per cent, from $4.03 to $2.80.

However, where the value of paper money varies against gold, this indicates that the paper money is fiat money and will often devalue against specie. This has been the case during wars when governments would issue paper currency not backed by specie.

So the Europeans power realised their money was being devalued because their finding more silver in the new world and decided to refuse to accept silver for payment of debt.

A unit of account that has no anchor tends to devalue over time, sometimes rapidly. This has been proven in the history of the D-4 dollar since 1971.

The aureus was continually devalued (in weight, not gold content) for some time until eventually the solidus became the gold standard.

Investors, as they are already doing in Japan, will turn away from these devalued currencies toward gold. There is talk in Washington of "monetizing" the increasing (see point 2 above) national debt.

(coins made of base silver in imitation of the Edward I penny) circulating in this country at the time, large quantities of English pennies were being exported to the low countries for their bullion value so that in 1300 the esterlings were devalued ...

Holed (and very clipped), though may have been done officially at a later time to devalue the coin.

At the time the South Korean currency was still pegged to the US dollar. It stayed so until December 24, 1997, when it became a floating currency, but was then immediately devalued at nearly half of its value because of the East Asian financial ...

And the biggest enemy to the natural process is Cleaning. Cleaning coins destroys this natural beauty and appeal. Clean your 1924 nickel and you devalue it by eliminating most of the collectors who would normally be interested in the coin.

Any opinions expressed here are just that, an opinion and they reflect my personal buying preferences for investing in coins. These opinions are not meant to denigrate or devalue any company's fine offerings, ...

They were in superior condition to the already known examples and instantly devalued the coins already held by collectors.

If further debasement occurs, a coin may be devalued, which means that the coin's value decreases relative to other coins in the system.

Die graderingsmaatskappy verseÃ"l die munt sonies in ‘n lugdigte plastiekblok wat die munt se kwaliteit bewaar. Hierdie plastiekomhulsel bewaar dit teen verwering en omgewingskade wat ‘n munt kan devalueer.

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See also: Gold, Silver, Coin, Currency, Mint