Dating in sterling

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In 1124, a disgusted Henry I had 94 mint workers castrated for producing bad coins.

Inflation only brought one into many people's grasp in the 17th century.Either way, the name stuck, linked to the meaning of "ster" in old German - strong, pure, stable, reliable, or excellent.English silver was held in esteem and that respect was worth keeping.While it reduced exchange rate risk, stability based on gold helped British investors and traders.Global finance took off, ushering in an era of 'gentlemanly capitalism' when British investors poured money into offshore investments, protected by the immense strength of sterling and the might of the British Empire.

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