Regional Monetary Standards and Medieval Bracteates
Polish Numismatic News, Vol. 64, pp. 123-56, 2020.
30 Pages Posted: 24 Mar 2021 Last revised: 11 Jan 2022
Date Written: March 24, 2021
In the Middle Ages, tens of thousands types of uni-faced bracteate coins were struck in the period 1140−1520. The existence of hundreds of small independent currency areas with their own mints in central, eastern, and northern Europe and the strong link between bracteates and periodic re-coinage explain the large number of bracteate types. The classification and dating of coins can provide insight into economic and monetary development when studying coin hoards and cumulative finds. A central problem when classifying bracteates is that most of them are anonymous, i.e., there are seldom any legends or letters. However, bracteates struck in closely located mints almost always have the same regional monetary standard. In this study, I show how monetary standards in combination with social attributes can be used to classify bracteates when both legends and find information are lacking. I also provide an economic explanation why closely related mints voluntary joined a specific monetary standard.
Keywords: Regional monetary standards, bracteates, classification, Middle Ages, periodic re-coinage, transaction costs, seigniorage, coin hoards
JEL Classification: E42, E52, N13
Suggested Citation: Suggested Citation