Atlantis Online
May 12, 2021, 09:04:44 am
Welcome, Guest. Please login or register.

Login with username, password and session length
News: Underwater caves off Yucatan yield three old skeletonsóremains date to 11,000 B.C.
http://www.edgarcayce.org/am/11,000b.c.yucata.html
 
  Home Help Arcade Gallery Links Staff List Calendar Login Register  

Hoard of Crusader Gold Found in Ruins

Pages: [1]   Go Down
  Print  
Author Topic: Hoard of Crusader Gold Found in Ruins  (Read 211 times)
Galdine
Full Member
***
Posts: 17



« on: July 28, 2012, 10:39:53 pm »

Crusader economics

According to Prof. Tal, the discovery adds to the debate over gold circulation during the time of the Crusades, a series of military incursions into the region to establish Christianity. It puts Fatimid-period coins, minted by Egyptian Sultans in the 10th and 11th centuries, in a Crusader context. Their use of gold from an earlier period is somewhat surprising, given the importance placed on coin minting.

Typically, societies mint their own coins, especially for the completion of large transactions, because it impacts more than just economics — it has marketing and public relations value. From a social and political standpoint, the minting of coins shows that a culture has the wealth and ability to make its own currency, feeding into a sense of independence as a people, cultural self-definition, and a collective identity, explains Prof. Tal.

Though historically priceless, the actual cash value of the coins is difficult to pin down, says Prof. Tal. A document found in the Cairo Genizah hints at the worth of the hoard, suggesting that two gold dinars, the face value on the coins that were found, can provide sufficiently for an extended family for one month.

Assuming the extended family includes a father, mother, sons, daughters, and their spouses and children, this could include 12 to 24 people. If 20 people can make their living for a month on two gold coins, the horde that was discovered could sustain 50 families for 30 days, or five families for approximately one year, all depending on the standard of living.
Report Spam   Logged


Pages: [1]   Go Up
  Print  
 
Jump to:  

Powered by EzPortal
Bookmark this site! | Upgrade This Forum
SMF For Free - Create your own Forum
Powered by SMF | SMF © 2016, Simple Machines
Privacy Policy