Articles Archive for September 2008
What is the name for the money they used in Ancient Greece?
Before 600 B.C. there was no monetary system in Greece, so they utilized the barter system. This was a system of trading goods and services for other goods or services. By 500 B.C., each city-state began minting their own coin. A merchant usually took coins from their own city only. Visitors had to find a money changer to exchange their coins. Typically a 5-6% fee was charged to exchange visitor’s currency to the local currency.
Initially a drachma was a …
It is said that only coin collectors know about this fact. You can still find about 40% silver-clad half dollars. You can ask me how? This is the answer.
If you go to savings companies and banks, you should buy rolls of halves. The price of each 10.00$. In case you can afford to buy a lot, do it. In case it is beyond your means, try to buy as many as possible. The main idea is - the more you buy the more you will find. After that take them …
Adoring silver coins people always try to provide coins with superior power. They believe in happiness and success the coins bring. Sometimes coins seal the fate. For example for lucky Illinois sheriff William Gribble the silver eagle was determining. There were two candidates for this post and both collected equal votes. His contender suggested flipping a coin and letting it to decide their fortune. “Heads or tails?”, Gribble choose heads and was lucky to get the post.
In addition there is a good omen to find the coin on the ground. …
There are great number of factors that influence the value of a collectible coin. Some of those are inherent to the coin like age, condition, mintage limit and errors. Other factors are only market forces, which can be changed by mass psychology, economic factors and dozens other causes.
Numismatists have no control over large scale factors. But when considering a buying or sale, there are still many aspects that a dealer can and should look at.
Coin grade is the 1st and most obvious of those factors. Even before seeking out one …
The history of coinage is really ancient. The coin-collectors say that this very history of silver coins is close to the history of different ancient civilizations. Among these civilizations are The Roman Empire, The Egypt, the Byzantine Empire, the Persian period etc.
The rise of the Byzantine Empire was located in the East. It was closely connected with the name of its emperor Constantine the Great (307-337 A.D.). The historians contend that it heralded the beginning of the Medieval age. The most powerful political force was the Christian Church. In fact …
This Canadian coloured sterling silver triangle coin commemorates the dairy token - symbol of a quieter time when milk was delivered to the door. Dairy tokens were used in all 10 provinces across Canada. A different colour for a different value. This silver coin has a green translucent enamel effect featuring a milk bottle and a Holstein cow. The obverse features the portrait of Her Majesty Queen Elizabeth II.
The word originates from the middle Latin billo, meaning “a coin containing mostly copper”, or just “unit of payment”.
Billon is an alloy of a precious metal (most commonly silver) with a majority base metal content (copper). It is used for making coins, medals, and token coins.
Use of billon coins date through Middle Ages to ancient Greece. During 6-5th century BC, some cities on Lesbos used coins made of 40 percent silver and 60 percent copper. In Ancient times and the Middle Ages, leaner mixtures were adopted, with less than 2 …
