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Le 18/10/2012, François R. VELDE (Federal Reserve Bank of Chicago) présentera une communication :"On the Origin of Specie"de 14 h à 15 h 30 en Salle S016 à l'INSEE-CREST,15 Boulevard Gabriel Péri, 92245 MALAKOFF (Métro : Malakoff/Plateau de Vanves (Immeuble "Malakoff 2)).AbstractHighly preliminary and incomplete.The first coinage arose in 7th c. Asia Minor. It presented a full range of denominations, produced with great precision ofweight. But the content was highly variable: it was a natural mixture of gold and silver, which seems to have been dilutedwith silver. Why use what is in essence a lottery ticket to create the first circulating coinage? Existing explanations arefound wanting. Data from late modern coin circulation indicates that the early electrum coins did circulate.