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The issue of gold was the royal prerogative, but the conquered Greek and other cities and states were allowed to issue silver and copper, while a number of Persian satraps struck silver in their own names, producing some of the earliest and finest coin portraits.
Accordingly, the government was reluctant to issue silver coins.
It was generally believed that the Satavahanas were the first indigenous monarchs to issue silver portrait coins.
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One faction dominated by landowners proposed a land bank, while merchants proposed a bank that would issue silver-backed paper.
People began hoarding newly issued silver pennies and two pences, the coins' intrinsic value being greater than their stated worth.
The Thessalians issued silver coins of the type of Zeus and Athena and the legend Thessalon; a similar coinage was issued by the Boeotians.
In northern Italy leading cities were issuing silver with a free choice of types portraits, badges, or figures of patron saints and others, with explanatory legends.
In Africa the Vandal kings Gunthamund (484 496) and Hilderic (523–?530) issued silver and bronze coinage, respectively, inscribed with their names; the types and denominations looked to imperial models and, in the case of the bronze, to those of Carthage especially.
In the eastern provinces the Arab governors issued silver dirhams that were copies of late Sāsānian coins (mostly of those of Khosrow II; with the addition of short Arabic inscriptions on the margin and often the name of the Arab governor in Pahlavi; even the crude representation of the fire altar was retained.
Germany refused to continue issuing silver coins.
To this end he was at great expense in decorating the gardens with paintings; he engaged a band of excellent musicians; he issued silver tickets at one guinea each for admission, and receiving great encouragement, he set up an organ in the orchestra, and, in a conspicuous part of the garden, erected a fine statue of Mr. Handel.
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