Economics of Eíre: Difference between revisions

Latest revision as of 21:42, 12 April 2011

Basic Information

The first locally produced Irish coinage was minted in Dublin in 2929 KE, under the authority of Sithric III (aka Sithric Silkbeard), the Norse king of Dublin.

By Eireann law, gold coins are minted by kingdoms and stamped with the visage of the king who ruled at the time of minting. Kingdoms and baronies may produce both silver and copper coinage. Both gold and silver coin may be broken up into bits. All forms of silver and copper coinage, even foreign, are accepted throughout the land.

Exchange Rate

Prior to the Great Devastation of 3098, the value of coinage was regulated by the king's law, with the value of one pound of silver set as the guiding standard. Since the Devastation the value of precious metal has fluctuated and exchange rates vary wildly between areas.

The following exchange rates were decreed by historic Eireann law and may be seen as a rule of thumb. Gold coinage is rarely seen in these times, and its value has increased in recent months.

Gold coin = $80 (often valued at $100 or higher in post-Devastation economy.)
Silver coin = $4
Copper coin = $1

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 == Basic Information ==
+The first locally produced Irish coinage was minted in Dublin in 2929 KE, under the authority of Sithric III (aka Sithric Silkbeard), the Norse king of Dublin.
-The basic monetary unit is a one-ounce silver coin, minted in various kingdoms according to ancient standards and practices. Each of the kingdoms honors the silver of the other kingdoms. Silver pieces minted in Ulaidh are honored in Midhe, and vice versa. An ancient treaty governs the recognition and exchange of currency between kingdoms. All silver coins are stamped and expected to be traded whole (i.e. no bits or halves).
+By Eireann law, gold coins are minted by kingdoms and stamped with the visage of the king who ruled at the time of minting. Kingdoms and baronies may produce both silver and copper coinage. Both gold and silver coin may be broken up into bits. All forms of silver and copper coinage, even foreign, are accepted throughout the land.
-Copper coins are used in small transactions, such a buying a pint of ale or a small meal. Most coppers are not stamped and are sometimes traded in bits or halves.
-Gold is of course more valuable than silver or copper, and more rare. Gold coins are most often found in bits and halves, though wealthy travelers or recently paid adventurers might have whole coins. While most gold coins begin their lives stamped with the visage of some king or baron, these images are soon lost as the soft metal changes hands and is inevitably broken into smaller pieces. Anyone may mint gold coins, as anyone who has enough gold to waste on coin-making is generally free to do whatever he pleases.
 == Exchange Rate ==
+Prior to the Great Devastation of 3098, the value of coinage was regulated by the king's law, with the value of one pound of silver set as the guiding standard. Since the Devastation the value of precious metal has fluctuated and exchange rates vary wildly between areas.
-In general, 1 silver piece (1 SP, or $1) is worth 100 copper pieces (100 CP, or 100¢), while $100 amounts to 1 gold piece (1£).
+The following exchange rates were decreed by historic Eireann law and may be seen as a rule of thumb. Gold coinage is rarely seen in these times, and its value has increased in recent months.
-== Other Objects of Value ==
-Though they are not valued publicly by market, precious stones are commonly used throughout the lands of Eire as currency in transactions. The value of a stone will vary from appraiser to appraiser, making it impossible to predict what a particular gem might fetch upon sale.
+:* Gold coin = $80 (often valued at $100 or higher in post-Devastation economy.)
+:* Silver coin = $4
+:* Copper coin = $1
 [[Category: GURPS E&iacute;re]]

Economics of Eíre: Difference between revisions

Latest revision as of 21:42, 12 April 2011

Basic Information

Exchange Rate

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