The private coinage episode ended because issuers progressed to silver and finally a small amount of private gold coins, prompting the government and the threatened Royal Mint to declare private coinage illegal as an encroachment on the sovereign prerogative of coinage.

causalpending

Speaker

George Selgin

Evidence Quote

what ultimately happened is the private coinage was declared illegal

Source

George Selgin on Free Banking 11/17/2008EconTalk
Created: 6/15/2026, 9:20:23 AM

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