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…

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MONETA JOHN
The Russian Empress Elizabeth did not think that a number of her decrees, by which she had eradicated a relatively common coin, would make this coin a numismatic rarity. However,…

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Ancient coins
1. Old coins of Russia - gold and silver coins of Prince Vladimir These were the first coins minted in Kievan Rus at the end of the 10th century, then…

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decided to raise

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

Numismatics Museum in Nicosia
The ancient Greeks attributed the invention to heroes of myths, and the Romans to their gods Janus and Saturn (they believed that the oldest coins were made by Janus in…

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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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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…

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