WelcomeUser Guide
ToSPrivacyCanary
DonateBugsLicense

©2024 Poal.co

1.1K

Oil painting of Jewish coin clippers at work, likely created in 19th century Russia. They are depicted with beards and sidelocks, which are traditionally worn by Jewish men. On the table in front of them is tefillin (a religious ritual object), a fish head and a garlic bulb, two traditional foods associated with Jews.

Coin clipping was the illegal practice of removing small pieces of metal from coins. Until modern times, coinage was hammered from precious (and soft) metals such as silver or gold, resulting in coins that were not perfectly round. Furthermore, normal wear from use would exacerbate their irregular shapes. Unscrupulous individuals would take advantage of these irregularities and remove slivers off the edges of the coins. The pieces were then melted down, either into a bar and sold to a goldsmith, or used to make counterfeit coins. Coin clipping was widespread throughout Europe, and Jews were often accused of the practice.

Jews were barred from owning land, farming, joining trade guilds, and military service. These restrictions forced many Jews into occupations such as money changing or money lending. Additionally, medieval religious belief held that charging interest (known as usury) was sinful, and the Jews who occupied these professions were looked down upon, predominantly by European Christians. They were perceived as morally deficient, greedy, and willing to engage in unethical business practices. Many people thought money clipping was a common Jewish practice due to the disproportionate number of Jews in who worked with currency, combined with antisemitic stereotypes of Jew’s deviousness and greed. The painting is one of more than 900 items in the Katz Ehrenthal Collection of antisemitic artifacts and visual materials.

https://collections.ushmm.org/search/catalog/irn539280

Oil painting of Jewish coin clippers at work, likely created in 19th century Russia. They are depicted with beards and sidelocks, which are traditionally worn by Jewish men. On the table in front of them is tefillin (a religious ritual object), a fish head and a garlic bulb, two traditional foods associated with Jews. Coin clipping was the illegal practice of removing small pieces of metal from coins. Until modern times, coinage was hammered from precious (and soft) metals such as silver or gold, resulting in coins that were not perfectly round. Furthermore, normal wear from use would exacerbate their irregular shapes. Unscrupulous individuals would take advantage of these irregularities and remove slivers off the edges of the coins. The pieces were then melted down, either into a bar and sold to a goldsmith, or used to make counterfeit coins. Coin clipping was widespread throughout Europe, and Jews were often accused of the practice. Jews were barred from owning land, farming, joining trade guilds, and military service. These restrictions forced many Jews into occupations such as money changing or money lending. Additionally, medieval religious belief held that charging interest (known as usury) was sinful, and the Jews who occupied these professions were looked down upon, predominantly by European Christians. They were perceived as morally deficient, greedy, and willing to engage in unethical business practices. Many people thought money clipping was a common Jewish practice due to the disproportionate number of Jews in who worked with currency, combined with antisemitic stereotypes of Jew’s deviousness and greed. The painting is one of more than 900 items in the Katz Ehrenthal Collection of antisemitic artifacts and visual materials. https://collections.ushmm.org/search/catalog/irn539280

(post is archived)

[–] 2 pts (edited )

It was a delicate balance of greed against self-interest. As a Jew, you wanted to clip off as much of the coin as possible before you passed it on to the next person -- but you did not want to clip off so much that the next person refused to accept the coin in trade.

Many old coins are very irregular in shape due to excessive clipping. The preventative measure is still with us today -- the fine bead of serrations or dots around the outer edge of the coin. This was added to coins to indicate that they had not been clipped.

By the way, when you think about it ... the first example of inflation.