Chapter 1,347 The Right to Mint Coins

Not to mention that the nobles below who had doubts about the bank couldn't sit still. The elves behind them and the empress on the throne all had expressions of disbelief, staring blankly at someone telling the truth. Regardless of whether these people were originally in favor or opposed, they were not prepared for such an answer, and of course they could not answer it.

Lin smiled triumphantly and glanced left and right at the group of people who were already frightened by him. The attitudes of the elves were relatively calm, but one could still read the pleasure in their expressions as they watched one of their own being demolished. Sure enough, these ageless people with pointed ears are representatives of white skin and dark minds. Someone slandered.

But the performance still has to go on. If the play is not sung, everyone will be completely frightened, and someone will feel sorry for themselves. He slowly took out his wallet from the inner pocket of his arms, even though the money bag sewn with brocade scraps didn't quite match the suit. But every inch and every minute of that slow movement was imprinted on everyone's mind, until Lin took out a Jin Ke Yin.

The five fingers were spread out, and Ke Yin's holy symbol on the back of his hand was glowing with light. The gold coin containing the same divine power just floats on the palm of the hand, spinning with a wonderful speed-changing frequency.

The area of ​​a gold coin is not large, about the area circled by an adult's index thumb. Under the influence of distance, the dim-eyed old man and old woman nobles present should not be able to see clearly the details on the gold coins. But the fact is that whether it is the Koyin Holy Emblem on the back of the gold coin or the head of the goddess on the front of the gold coin, it is clearly printed in everyone's eyes.

"Kim Keyin."

Shaking his hand again, a silver coin and a copper coin appeared on the left and right of the gold coin.

"Silver Keyin, Bronze Keyin."

Putting his hands together, he threw them out and instantly displayed a representative representation of each of the various coins that the Gold Coin Goddess had received so far, and divided them according to secular levels.

The top three coins are the Coin coins of the Gold Coin Goddess. The five coins in the second row are fine coins minted by the five empires. There are more than ten coins in the third row, which are ordinary coins whose gold content and casting technology have both reached the passing standard. The bottom row contains crooked melons and jujubes collected from various places.

There are actually more types at the bottom level. However, Lin eliminated those bad coins that were classified as bad money due to wear and tear, and kept only the coins with poor casting technology and very low purity, and the number was slightly more than the number of ordinary coins in the third row.

As a Chinese from a world with rich materials and prosperous culture, it is normal to have a collecting habit. Anyway, he just asked the goddess to leave one for him as long as it was a type of coin he had never seen before, and exchange it with his own savings of equal value. Maybe one day in the future, I can build a museum on the development history of Midi coins to leave a mark on this history.

But I’m not in a hurry about the museum right now. After showing the different coins that the goddess could collect, Lin said:

"The biggest problem with the coins used by Midi in the past was the purity. As for the casting technology, whether the coins are beautiful or not, they are actually derivatives of the coin purification technology. Where the purification is not done well, most of the casting technology is not very good either. Natural coins cannot be so beautiful.

"As we all know, the coins minted by the five empires have the highest purity, and the rest are classified as ordinary coins. As for the inferior coins that are visible to the naked eye, they are regarded as bad money. They may be prohibited from use, or they may be used at a discount. This pair Most people have a question, how much is the value of the coins in their hands?"

When you raise your hand, the displayed coin floats to a higher position, and at the same time its enlarged projection and various parameters about the coin appear. Including the weight, purity, diameter, and thickness of the coins, and finally calculating the weight of the pure metal, and using gold, silver, and copper koins as the standard to show how many koins these coins can be exchanged for.

Of course, so much data filled the air in the meeting hall, which frightened the nobles who were still in shock once again. Not to mention that this is just a comparison of numbers, but for illiterate and semi-illiterate people who do not know how to use statistical reports, this scene can really shock many people.

An unscrupulous time traveler continues to bombard:

"With the help of the Goddess of Gold Coins' priesthood and divine power, the composition and weight of these coins can be carefully analyzed, and finally an absolutely fair and just data can be obtained. Based on this data, the number of exchangeable Koin coins can be calculated. And the specifications of Koin coins , is determined by referring to the usage patterns, weight and other data of ordinary coins.

"In principle, users will not feel alienated from past experiences when taking coins. The value of the coin itself will not exceed or be much lower than the value of the coins used in the past. The power and justice of the gods are also There is no doubt about it. Every Coin that comes out of the bank is exactly like thousands of other Coins. That was true before today, and it will be true after today.”

A time traveler with a very bad taste used magic to conjure a scale and placed it on the podium in front of him. And put a piece of Jin Ke Yin on the left and right sides respectively, and then watched the scale become balanced.

"The goddess's coin-making technology, supported by divine power, is incomprehensible to mortals. Even if it is the empire's fine coin, there is no guarantee that any two coins will be exactly the same."

As if to prove what he said, Lin conjured another scale, and then placed a piece of Karlsruhe Empire's Empress Gold on each side. Just seeing the balance tilted unsatisfactorily, the tense string in the hearts of all the nobles seemed to have broken.

"In addition to the beauty of the advanced coinage capabilities, the biggest benefit is the user's confidence. Is it possible that everyone in the world is willing to regard the coins minted by the five empires as fine money and give them the highest value? Is it just because it has double-sided engraving?——"

Lin specifically clicked on an ordinary coin and enlarged its data.

"——Among the ordinary coins that I have come into contact with, there are some that have a purity higher than that of the five empires. But these coins are not necessarily due to the skill of the caster. It is very likely that the purity of the raw ore itself is high enough. But this advantage does not bring more confidence to these coins. In the hands of users, the value of single-sided coins is still inferior to fine coins.──”

With a flip of his hand, Lin conjured up a mutilated coin minted by the Karlsruhe Empire but regarded as bad money.

"The so-called bad money is not necessarily caused by low purity. Many of them are just the wear and tear of the coins after long-term use, resulting in poor sales. Such coins, even if the purity is high enough, may be the weight of the coin itself. Not enough, so that the pure metal weighs less than the average coin, and it is not unjustly regarded as bad money of insufficient value.”

With a swipe of his hand, Lin took back all the seemingly complicated data. Lin mixed all the coins below the Coin coins together and continued:

"The current situation in Midi is that all kinds of coins are in circulation and used by everyone at the same time. Basically, everyone uses what they get. The Koin coins issued in the name of the goddess have not completely replaced other coins. In the present world of coins, what will happen to this coexistence?

"Except for those who ask for money, they must first find a way to exchange the coins in their hands into Koyin coins that are guaranteed by gods and are absolutely fair. The other methods are nothing more than discounting and discarding. The situation of discounting and discarding , I think you are already familiar with it.

"When confidence in the currency is insufficient, the value of the item is increased, charging more money to make up for the shortfall, or simply treating it as bad money and not using it. But adding Coin Coin Things will be different after this coin that guarantees justice.”

Move your hands up and down so that all the coins, including the Coin coins, are at the same height.

Unlike other coins that may wear out or be stained after use, the Coin coins protected by divine power remain sparkling at all times, making them truly loved by everyone. Someone continues to blast:

"Compared with the rough pricing methods that ordinary people use when using various coins, the goddess of gold coins' vocation and divine power allow her to fairly judge the value of each coin. The consistency of Koin coins, and the power of Protected from wear and stain, it is more suitable to become the benchmark for all coins. Can anyone deny this?"

Glancing at everyone present again, Lin smiled charmingly and said, "Then has anyone ever thought about what the gap between the pricing of ordinary people and the goddess's when using the non-Koin coins in their hands represents?"

If there is a time traveler from Earth's modern past present, he should be familiar with this thing. It is called 'exchange rate', a very special financial commodity. Stocks are speculated on companies, and exchange rates are speculated on countries.

The assets and liabilities of a company can still be reasonably estimated by those who are interested. Stocks represent the actual value of the company. As for things like exchange rates, in addition to considering a country's economic size, it also involves currency issuance. These things are not as easy to estimate as companies.

It's just that in the modern financial market on earth, whether it is stock price or exchange rate, they have long since escaped from the sum of the value that they should represent a company or a country. Instead, it has become a financial commodity that can rise or fall into the abyss at the mercy of speculation.

Lin certainly didn't want Mi Di to enter this stage too early, or to enter this stage while he was still there. Because to this extent, it is no longer controllable by a small time traveler. Before someone traveled through time, he was just an academic geek, not the leader of an invisible plutocrat.

But everything is unpredictable, and some things can be avoided just by saying you don’t want to.

As an important birthplace of banks, the holy city of Estali has already seen savvy businessmen discover that the interest rate difference between Coin coins and other currencies is an operational source of profit. So these people worked hard to collect old coins through work and business. These old coins are then exchanged into Koin coins through banks.

A cow peels off two layers of skin, that's what those greedy hyenas are doing. Those who are more savvy can directly use Coin coins to buy old money! Use extremely exaggerated proportions to redeem them, and then enter the bank to generate profits.

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