What is coin clipping?

Coin clipping is a form of debasement commonly seen in ancient and medieval times, where individuals would shave off small amounts of precious metal from the edges of coins in order to collect enough shavings to create new coins or to sell the precious metal. This practice was often carried out by mint workers, traders, or individuals seeking to profit from the raw materials of the coins.

Coin clipping would lead to a reduction in the weight and value of the coins over time, leading to economic instability and loss of trust in the currency. Many governments and rulers implemented harsh penalties for coin clipping, such as capital punishment or mutilation, in order to deter individuals from engaging in this practice.

Despite efforts to prevent coin clipping, it continued to be a prevalent issue throughout history. Modern coinage has introduced new security features, such as reeded edges, to make it more difficult for individuals to engage in coin clipping and counterfeiting.