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*~1Best~*

03/02/12 4:24 PM

#9078 RE: *~1Best~* #9077

James 1, King of England; 1566-1625 A.D.
With the rise of international trade which commenced at the end of the medieval period, many of the banks were allowed to coin money for their transactions. At that time, there was no such thing as national money and when the banks minted coins, they were all of different value which created a dilemma for international trade. The first "Christian" gold coins were struck by Emperor Frederick II in 1225 A.D. Then came the "ducats'' of Portugal, the "florins" of Florence, the "agnels" of France, and the "sequins" which became the official coins of Genoa and Venice.