Yuri Pokras on how the Violiti Internet auction works
We talk about the largest Internet site for the sale of antiquities in the post-Soviet…

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Coin collecting as a hobby
Modern collectors collect various items. Some collect stamps, others - coins, and there are those…

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Medieval coins (ca. 500-1500)
Medieval coins (ca. 500-1500)The Middle Ages spanned 1,000 years of European history, starting with the…

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Where can I sell coins on the Internet
If the “old” coin collectors still prefer to sell and buy coins for the collection…

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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