Coins and coin type of ancient Greece
The stamp imprint on the coins is the seal of the country or city that…

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FALSIFICATION AND COINS
The whole history of numismatics is a kind of struggle with various fakes and other…

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Crusader coins (ca. 1095-1523)
It is unlikely that there will be events that have had such a strong influence…

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

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were issued

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