Davonrel's Monetary System
The continent of Davonrel’s economy incorporates both the Human and Gnomish populations, while the Faenari have for centuries lived an isolated existence beyond the Calvarians and have their own system of trade.
Gold and Silver mines can be found in several locations across Davonrel including the Sangrist, Hilgrath, Calvarian and Durgrath mountain ranges as well as several small lodes in the hills west of Wellswood. Copper, while far less widespread, is available in great abundance beneath the Durngrath mountains, with one massive lode located near to the Nommenrift.
While coinage has historically been the principle instrument of wealth and commerce, over the past many decades, the Ledgistry Guild’s paper currency (commonly known as ‘guild scrip’) has grown exceedingly popular in every quarter, especially among the urban populations of the larger towns and cities. Below is a description of each denomination (both coin and paper) and their relative values in modern currency (specifically the U.S. Dollar, circa 2017).
Though each of the four kingdoms retains their own unique and independent coinage mints, a council was formed in the eleventh century which still exists today for the purpose of ensuring homologous refining standards, common weights and minting practices. The Council for Just Weights and Measures ensures that a gold piece in Ferth equals a gold piece in Nordenvale, and each of the four kingdoms independently audits one another’s currency from time to time for the purpose of quality assurance. The council itself consists of four small delegations from each kingdom and meets biennially.
Gold Piece (1 oz)
1 gold piece is equal to 2 gold mediums, 10 silver pieces, or 80 silver pennies.
The real-world value would be approximately $2,000 (2017)
Gold Medium (1/2 oz)
1 gold medium is equal to 5 silver pieces, 40 silver pennies, or 400 shillings.
The real-world value would be approximately $1,000 (2017)
Silver Piece (1 oz)
1 silver piece is equal to 8 silver pennies, 80 shillings, or 160 half shillings.
The real world value would be approximately $200 (2017)
Silver Penny (1/8th oz)
1 silver penny is equal to 10 shillings, 20 half shillings, or 100 obols
The real world value would be approximately $25 (2017)
These three coins are by far the most widely circulated and are primarily minted in Nommengrott. Even with the advent of paper money, these coins continue to serve as small change and are used most commonly in city market places.
Bronze Shilling (2/3 oz)
1 shilling is equal to 2 half-shillings, or 10 obols
The real world value would be approximately $2.50 (2017)
Bronze Half-Shilling (1/3 oz)
1 half-shilling is equal to 5 obols
The real world value would be approximately $1.25 (2017)
Copper Obol (1/4 oz)
The obol is the smallest coin and the least in value.
The real world value would be approximately $0.25 (2017)
LEGISTRY GUILD CURRENCY SYSTEM
The guild was established roughly one hundred years ago as a banking system. As inter-kingdom commerce had been growing steadily for many decades previously, the idea of an inter-kingdom banking system was very popular. Gold and Silver deposits could be made in Ferth and, using a system of stamped receipts, withdrawals could be made in any of the other human kingdoms. Over time, those receipts evolved into a system of currency known as Guild Scrip, and since the new economy spread even to Nommengrott, the use of coinage has been in a steady decline, and quite sharply so during the past decade.
Below are the currently available denominations of Guild Scrip:
GOLD NOTES ---
TEN Gold Decimas Note
This note is equal to 1 gold piece
FIVE Gold Decimas Note
This note is equal to 1 gold medium
ONE Gold Decima Note
This note is equal to 1/10th of a gold piece (or 1 silver piece)
SILVER NOTES ---
TEN Silver Quintae Note
This note is equal to 2 silver pennies
FIVE Silver Quintae Note
This note is equal to 1 silver penny
TWO Silver Quintae Note
This note is equal to 2/5th silver penny
ONE Silver Quintus Note
This note is equal to 1/5th silver penny