Gold allowed the easy storage of wealth because of the high ratio of value to bulk, and its being minted by royal and ecclesiastical courts may reflect the need to administer justice, maintain officials and finance commerce, and goes hand - in - hand with the development of written law and taxation; in the oldest Kentish laws, fines were listed in gold ‘ shillings’ and in silver.
Gold allowed the easy storage of wealth because of the high ratio of value to bulk, and its being minted by royal and ecclesiastical courts may reflect the need to administer justice, maintain officials and finance commerce, and holds hands with the development of written law and taxation; in the oldest Kentish laws, fines were listed in gold ‘ shillings’ and in silver.