Robert Graboyes on Monetary History of Small Coins

Robert Graboyes is a senior research fellow and health economist at the Mercatus Center and has formerly worked for the Federal Reserve Bank of Richmond and Chase Manhattan Bank. Robert joins the show today to talk about monetary history and specifically the history of small coins. David and Robert also discuss a number of different coins and the history surrounding them, ranging from civil war tokens to early Roman currencies.

 

Transcript for the episode: https://www.mercatus.org/bridge/podcasts/05132019/robert-graboyes-monetary-history-small-coins

 

Robert’s Twitter: @Robert_Graboyes

Robert’s Mercatus profile: https://www.mercatus.org/robert-graboyes

 

Related Links:

 

*Anticipations of the General Theory?* by Don Patinkin

https://www.press.uchicago.edu/ucp/books/book/chicago/A/bo5964857.html

 

*Notre-Dame and the Myth of Timelessness* By Robert Graboyes

https://www.mercatus.org/bridge/commentary/notre-dame-and-myth-timelessness

 

Coins discussed during the interview:

 

20th century token from Kopper’s Stores, a coal mine company store in West Virginia:

https://i.imgur.com/T6wBLX7.jpg

 

A coin from Diocletian:

https://i.imgur.com/9wZCdj2.jpg

 

Groat (four pence) piece from Henry VII:

https://i.imgur.com/bkxbK8j.jpg

 

U.S. Trade Dollar, designed specifically for use only in the Orient:

https://i.imgur.com/cXPNwr6.jpg

 

Civil War token, used as private coinage during the wartime inflation and metal shortage:

https://i.imgur.com/HzLlIAb.jpg

 

Trade token, origin unknown:

https://i.imgur.com/3LFt03B.jpg

 

David’s blog: macromarketmusings.blogspot.com David’s Twitter: @DavidBeckworth