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Such occurrences going on from the approximately the same time frame triggered a remarkable spike in the worth of silver and made paying fees almost impossible for most provinces. Somebody first started hoarding precious silver, forcing the newest ratio of one’s value of copper to help you silver to your a steep decline. In the 1630s, a series of a single thousand copper gold coins are really worth an ounce out of gold; from the 1640 it was shorter for the property value 50 percent of a keen ounce; from the 1643 it absolutely was worth about you to definitely-3rd of an ounce.
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