Definitions

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Etymologies

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Examples

  • But if the hoard was just bullion, the equivalent of hacksilver, it's curious that it was so highly selected.

    Staffordshire Hoard

  • This reminds me of the Norse system of using silver bullion hacksilver by weight for trade in later centuries; perhaps this was a long tradition.

    Archive 2008-03-01

Comments

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  • In places or times where coins were not issued by a mint or their value was not guaranteed by a bank (such as Viking Scandinavia, where there was no domestic currency and all coins in circulation were "borrowed" from elsewhere) weight was all important. A coin's value was equivalent to its weight - and interchangeable with the same weight of precious metal in the form of jewellery. Hacksilver is the name given to the bits of metal that were cut off and used as currency.

    December 15, 2006