In the thread on "Collecting Themes" the question of test cuts and banker's marks came up.
We have the coins. We can see the cuts. We can see the punches. I have posted one with a cut, a stater from Sinope. (see http://mysite.verizon.net/jcarney44/coins/marotta.html and the article "The Crime of Diogenes," The Celator, May 1999). I own another, with a banker's mark, a little quinarius (half denarius), issued by Cato (Marcus Porcius Cato), the Roman republican who took his life at Utica. That banker's mark is not much different from the "chop marks" (or shroff marks) known on Spanish silver dollars and other coins that circulated in 18th and 19th century China. The test cut is another problem, entirely.
I heartily recommend that anyone who thinks they have an opinion on this to first experiment with cutting and stamping coins. It is not trivial. You might think it is easy. If so, try it.
By analogy, there was a project about 20-25 years ago to recreate the voyages of Odysseus and Jason. British archaeologists build exact replicas of ancient Greek ships and got some athletic lads to row them. Well, that worked for about five minutes. Seriously, the best they could do was a 7-minute stint, which required extra guys recuperating to take the place of the guys worn out after seven minutes. Obviously, the Greeks did not do it that way! However they did do it, we don't have the technique today. So, too with test cuts and banker's marks.
That said, we do know a few things. (more later)