Roman coins (III century BC - V century AD)
The Roman Empire dominated most of the ancient world known to us for over 500 years and exerted a decisive influence on the economy, art and culture of Europe in…

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On the fate of coin stamps of the St. Petersburg Mint
Mikhail Ivanovich Smirnov, the archivist of the St. Petersburg Mint, published an interesting article in the 6th issue of the Old Coin: “The Mints Cabinet and the Museum of the…

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Possessions of the Habsburgs - Austria (XII-XX centuries)
In 1273, King Rudolph I became the first representative of the Habsburg clan who ascended to the Roman-German throne. It began the reign of the Habsburg dynasty, which lasted until…

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besides the members

Banknotes and paper money (VIII-XX century)

The history of paper money is just as exciting and varied as the history of metallic money. At the beginning of the history of paper money, there were two forms of banknotes – a receipt and a promissory note.
The receipt was issued as a certificate that a specific amount of metallic money is in the banker’s custody. Over time, the receipt has become possible to transfer to another person. Later, the receipt acquired the form of a banknote, which documented the client’s right to receive the amount in the form of coins indicated on the banknote at any time. Over time, the debt receipt turned into public money, which, as a rule, could not be received in the form of coins, but which had to be accepted for payment by all public funds. In addition, there are still temporary paper money issued to compensate for the shortage of coins. Continue reading

Oriental coins (VII-XXI century)

The conquerors of the territories that previously belonged to Byzantium were not familiar with the coinage before the reign of Muhammad, and therefore the history of the Arab coinage begins with imitation of coins of the Byzantine and Sassanian type. In part, these imitations were a rather loose interpretation of the original. Along with them, images of the ruling caliphs were minted on Arab coins.
Around 696-698, Caliph Abdul-Malik ibn Mervan from the Umayyad dynasty (685-705) carried out a reform of the eastern monetary system. Continue reading

The most rare and expensive coins of the USSR
In this article we will consider the reasons for the emergence of expensive coins of the USSR. Surprisingly, the list of the most expensive Soviet rubles and kopecks includes not…

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How to invest money in coins
The stock market is falling, the ruble is getting cheaper, interest on deposits hardly falls short of inflation. And we all begin to think about other ways to save and…

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Сollecting coins
Now numismatics is not only collecting, but also a good investment of money. Not for nothing is the most ancient hobby, namely collecting coins, at present, is one of the…

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