To be familiar with "coin-clipping," it helps to be as old as me and able to remember a time when coins were made of precious metals like gold and silver. In that setting it was possible to shave a little metal from the rim of the coin to refashion into another coin (or to sell as bullion). It was the practice of coin-clipping that led coin manufacturers to introduce "milled" edges, so that clipping could be detected without weighing the coins.
I was reading today about the "
Hoxne hoard," which included almost 15 THOUSAND Roman gold, silver, and bronze coins. Apparently clipping was rampant in that era; almost every silver siliqua in the hoard has been clipped. I found it interesting that a second reason was given for coin clipping: "a deliberate attempt to maintain a stable ratio between gold and silver coins."
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