Private coiners (such as Thomas Williams) issued copper coins that were initially heavier than Royal Mint equivalents, beautifully engraved to defeat counterfeiting, and redeemable on demand to balance supply and demand—producing money superior in all respects to the Royal Mint's and, via about 20 mints serving 200 issuers, solving the coin shortage.
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Speaker
George SelginEvidence Quote
“They were in all respects superior money to anything that Royal Mint had produced at that time and before long there were 20 different mints commissioned producing custom-made coins for about 200 different issuers around the country and they solve the shortage”
Created: 6/15/2026, 9:20:23 AM
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