Cleaning of old coins
The purpose of this message is to acquaint interested readers with the most simple and…

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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…

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German coins since 1871 - from Reichsmark to Euro
With the adoption of the constitution of the German Empire on April 16, 1871, responsibility…

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Numismatics Museum in Nicosia
The ancient Greeks attributed the invention to heroes of myths, and the Romans to their…

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every collector

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

German coins since 1871 – from Reichsmark to Euro

With the adoption of the constitution of the German Empire on April 16, 1871, responsibility for the currency of the empire passed from individual federal states to the government of the empire. Thus, it became possible to carry out long-overdue reforms on the establishment of a single system of sizes, types and weight of coins, the embodiment of which was the Reichsmark.
A mark (equal to 1/3 of a thaler in the north of Germany and 35 kreutzers in southern Germany) with a decimal division was adopted as a single nominal unit. One brand became equal to 100 pfennigam. Silver and gold coins were issued. Continue reading

Numismatics is one of the most famous and ancient types of collectibles.
Numismatics (collecting coins and medals, including the study of money circulation and the history of…

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Banknotes and paper money (VIII-XX century)
The history of paper money is just as exciting and varied as the history of…

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