The Story Of Coins - How Did They Evolve To Be What They Are Today?
It is virtually within the memory of living men, even at the West, that direct barter was the primary means of trade. Goods were exchanged between
two parties and that was the end of it. But finding someone who wanted to exchange eggs for bread or shoes for butter is time consuming and results
in some spoiled loaves.
Introducing a third party with eggs and will accept shoes he doesn't need because he knows somebody who will trade them for butter he does need is
a pace at the right direction. Keep moving down that road and at some time something is going to evolve as a common medium of exchange.
Gold, silver, copper and some other commodities in various places came to be that medium. Paper, until just some decades ago, was nothing to a
greater extent a marker for these commodities. As a result, coins derived those metals were produced.
Historians largely agree that the first up coins were struck during the 7th century in Asia Minor, in field that is now an area of Turkey. 'Struck' is a fitting
term, since they were made by putting a blank metal piece between two die and hitting the top with a hammer.
Those die often had the likenesses of kings, since they were the ones who declared laws preventing anyone else to create currency. It was both a way
to enforce their rule and guarantee the authenticity of the money. He with the gold makes the rules.
As culture and technology developed, metal coins came into larger use. During the 14th century coins came to be valued not simply for their function
in commerce, as works of art in by themselves. Petrarch is reported to have had a considerable collection of ancient coins.
During the late 18th and 19th centuries coin production engineering developed to the point that hand minting was surpassed by machine-made
methods. Coin collecting at this stage took a radical turn.
Hand-made coins, even when they are cautiously alloyed and weighed, differ visibly. Even the majority painstaking artisan can never create tw