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Little Louis: How a Piece of Small Change Sparked a Fashion Craze and International Scam


Multi-Media Summary

In normal circumstances, the French silver coin of 1/12 Ecu (equal to 5 sols tournois) would have remained an unremarkable piece of small change. However, a sudden fashion craze in the Ottoman empire created a huge demand for the coin. This gave speculators and a bunch of minor princes with minting authority the arbitrage opportunity to make a lot of money. The scam soon followed. Join us as we follow the story of this little coin and the various principalities that decided to join the party. Speaker: Deven Kane.
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