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hello when archaeologists do historical archaeology in north america they quite often encounter coins and s in their excavations however most north american archaeologists donamp;#39;t get explicit training in numismatic evidence so in todayamp;#39;s video iamp;#39;d like to introduce briefly the topic of colonial coinage with particular emphasis on the coins and s that would have been circulating in upper and lower canada in the late 18th and early 19th centuries to understand the role of colonial coins and s itamp;#39;s important to understand mercantilism mercantilism was both the economic theory and the economic basis of colonialism its basic tenet was that countries should maintain a positive trade balance meaning that they should export more than they import but in particular that there should be a flow of gold and silver into their country rather than flowing out of the country to accomplish this countries like spain france and the united kingdom set up rules of regu