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Privately minted coins from Sichuan province, China, 1912. While the minting of private coins, especially imitations of official coins, was often banned in order to secure a royal or other political monopoly, the industrial revolution was not the only time or place where private entities minted
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Unenumerated
roducing low-denomination coins, so factories minted their own or used the coins minted by another firm. A good review by Jeffrey Hummel of George Selgin's excellent analysis of this era here. <span>Privately minted coins from Sichuan province, China, 1912. While the minting of private coins, especially imitations of official coins, was often banned in order to secure a royal or other political monopoly, the industrial revolution was not the only time or place where private entities minted. Private coinage was by no means even limited to the Anglosphere. Nevertheless, the vast majority of coins in the numismatic record were minted by or under the license of kings, emperor
Unenumerated
roducing low-denomination coins, so factories minted their own or used the coins minted by another firm. A good review by Jeffrey Hummel of George Selgin's excellent analysis of this era here. <span>Privately minted coins from Sichuan province, China, 1912. While the minting of private coins, especially imitations of official coins, was often banned in order to secure a royal or other political monopoly, the industrial revolution was not the only time or place where private entities minted. Private coinage was by no means even limited to the Anglosphere. Nevertheless, the vast majority of coins in the numismatic record were minted by or under the license of kings, emperor
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