Chapter 2853 - 1216: Wealth Naturally Inspires Qi

Chapter 2853: Chapter 1216: Wealth Naturally Inspires Qi

"Nothing escapes the lady." Gaven made no attempt to conceal, as this matter required grand publicity, the greater the momentum, the better.

Since currency was meant for circulation, the more people who accepted it, the stronger its liquidity, and the faster the new coins could replace the old ones.

"But what’s in it for me?" The Ancient Blue Dragon stared intently at Gaven, "As long as the currency is equivalent, whether it’s the Gods Coin or Denar Coins, it makes no difference to me!"

She was also someone who could squeeze oil out of a stone. For her to cooperate in promoting the Gods Coin, substantial benefits had to be offered.

If the Dragon Tax to be paid to her could only be paid in Gods Coin, then those kingdoms and territories required to pay the Dragon Tax must find ways to exchange for Gods Coin, creating room for operation and perhaps turning it into a profitable trade.

For example, exchanging a million Denar Coins could only yield nine hundred thousand equivalent Gods Coin, yielding a profit margin of a hundred thousand.

Gaven evidently guessed the Ancient Giant Dragon’s thoughts and candidly stated, "We do not intend to profit from the minting margin; we will conduct a coin exchange business within the Woken Church, exchanging all existing currencies equivalently into Gods Coin, only charging a small minting fee when converting Gold into Gods Coin."

The launch of the Gods Coin was not solely for profit but to gather faith, facilitate the prosperity of trade across the continent, or rather, to earn indirectly by stimulating trade rather than directly from the currency itself.

Promoting a new type of currency was inherently challenging, even with the help of the Woken Church, as minting rights were part of governing authority. Handing over this right would considerably impact and influence a nation.

If there were exchange discrepancies, it would inadvertently increase the difficulty of promotion. Neither nations nor individuals would want to see their wealth devalue.

After all, they did not have a complete, powerful state machinery to assist in advancing this matter, relying more on interests themselves.

Fortunately, they used ultra-modern minting methods, compressing the minting cost at the Gods Forging Factory to the extreme—less than a tenth of the current minting model at least.

Gold smelting, refining, and casting all consumed fuel.

During the minting process, there might also be stickiness, defects, wear, or flawed currency needing to be re-minted.

The construction and maintenance of minting equipment and the labor costs during the minting process also represented a significant expenditure.

These series of expenses together formed a professional term called fire consumption.

All in all, minting was a costly business, and the fire consumption differed between Gold Coins, silver coins, and copper coins.

Gold Coins had the least, with fire consumption controlled within two percent being considered qualified; a hundred kilograms of Gold could only mint coins equivalent to ninety-eight kilograms.

Silver coins followed, and copper coins had the highest, with the latter’s fire consumption controlled up to twenty percent of their total weight considered qualified, given their low currency value, requiring a large mint quantity, with costs rising sharply in various aspects.

This did not mean minting was a loss-making trade.

Nobody said Gold Coins were pure Gold, silver coins were pure silver, or copper coins were pure copper.

Aside from everything else, the purer the Gold Coin, the lower its hardness, making it more prone to deformation. To increase hardness, other metals are often mixed in to form an alloy, thus accounting for the fire consumption. As long as the forging technique isn’t too poor and remains within qualified range, a small profit is typically made.

Since it is an alloy, moisture easily appears within, given the more other metals mixed in, the more Gold Coins can be minted from a hundred kilograms of Gold, creating a highly profitable business.

Especially those black-heart private mints, casting Gold Coins with a gold content of less than eighty percent.

However, such private coins have low acceptance in the market, are hardly popular, mostly imitating a specific currency, commonly known as fake coins. To maintain the value of their currency, authorities typically crack down on fake coins, as a death penalty is imposed once caught.

Yet, the enormous profit involved still entices many to take risks, forcing currency forgers to enhance their minting craftsmanship and raise imitation thresholds.

The Gods Coin championed by Gaven and others exemplified this, coated with Air Glass to reduce wear and enhance appearance, also improving imitation thresholds. After all, future opponents included not only those private mints but also possibly official mints from various impacted countries.

Merely the Air Glass coating technique could fend off most forgers, who lacked both the material and the technique.

However, there was no standardized currency minting regulation across the Felen Continent, leading to disparate minting standards, purity, among different countries, regions, or even cities, resulting in unequal currency and a chaotic currency market.

Currency authenticity became hard to distinguish, value hard to measure, etc.

These issues all became stumbling blocks for trade, unnecessarily increasing difficulties and allowing commercial deception and fraud to run rampant.

Swindlers and petty individuals often became the ultimate beneficiaries, whereas earnest, diligent, and honest merchants were the greatest victims.

This is why the Woken Church of the Goddess of Wealth was well-received among merchants, as her dedicated sacrificers were currency experts. Moreover, these priests required faith rather than merely seeking their wealth, naturally avoiding falsification.

Woken Church’s currency identification and exchange was the most honest and trustworthy but also relatively expensive, for maintaining a vast church requires expenses, and sacrificers are human too, who need to eat.