Medieval coins (ca. 500-1500)
Medieval coins (ca. 500-1500)The Middle Ages spanned 1,000 years of European history, starting with the earliest chased coins of the German successor states of the Roman Empire during the Great…

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What is the cost of silver coins of Tsarist Russia
We can safely say that silver coins of tsarist Russia of 1700 - 1917, will definitely be able to delight everyone, even the most fastidious and demanding coin collector, otherwise…

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Interesting facts about coins
Money constantly appears in our world. In any country, in any currency and in any form, be it paper or metallic money, but only thanks to them can we get…

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Interesting facts about coins
Money constantly appears in our world. In any country, in any currency and in any form, be it paper or metallic money, but only thanks to them can we get…

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wide range

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

COIN NOT ON POCKET
This coin really can not afford neither in size nor in weight. She appeared in the reign of Catherine I. True, her institution was not original. In the first half…

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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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