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Ephraimite (coin)
Debased coins during the Seven Years' War / From Wikipedia, the free encyclopedia
An Ephraimite (German Ephraimit, plural Ephraimiten) was a debased coin part of whose silver content was replaced with copper. Ephraimites, as they came to be called, were issued under the authority of Frederick the Great of Prussia in the Duchy of Saxony and the Kingdom of Prussia from 1756 till 1763 during the Seven Years' War. The coins were spread by merchants and soldiers in Silesia, Bohemia, Poland and Courland and traded as if they were of official silver content. In return higher value foreign coins would be received, which could be used to pay the costs of army supply. By the end of 1762 Frederick the Great abandoned this policy. After the war the traditional content standards were restored.
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