On the record
A value was soon attached to the gold coins which made their exportation to foreign countries as a mercantile commodity more profitable than their retention and use at home as money.
Source
gutenberg.orgA value was soon attached to the gold coins which made their exportation to foreign countries as a mercantile commodity more profitable than their retention and use at home as money.
Jackson notes the economic incentive for exporting gold coins rather than using them domestically as currency.
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