Autobiography of coin wikipedia france

The terms "money" and "currency" are often used interchangeably. However, several theories suggest they are not identical. According to some theories, money is inherently an intangible concept. Currency, on the other hand, is the physical or tangible manifestation of the intangible concept of money.

According to this theory, money cannot be touched or smelled. Currency is the coin, note, object, or physical representation that is presented in the form of money.

The basic form of money is numbers while the basic form of currency is paper banknotes, coins, or plastic cards like credit or debit cards. Though this distinction between money and currency is important in some contexts, for the purposes of this examination of the history of money, the terms are used interchangeably.

What Is Money?

Money doesn't always have value, whether it's represented by a seashell, a metal coin, a piece of paper, or a string of code mined electronically by a computer. With global wealth estimated to be about $432 trillion at the end of 2023, the value of money depends on the importance that people place on it as a medium of exchange, a unit of measurement, and a storehouse for wealth.

Money allows people to trade goods and services indirectly. It helps communicate the price a

The history of coins stretches back to the first millennium BC/BCE. Notable early examples of coins include the Lydian Lion coins, Persian daric and siglos, Tong Bei, the dirham and gold dinar.

Coins are a major archaeological source of history. Coins convey information about language, administration, religion, economic conditions, and the ruler who minted those coins.

Coins were first made of scraps of metal by hitting a hammer positioned over an anvil. The Chinese produced primarily cast coinage, and this spread to South-East Asia and Japan. Although few non-Chinese cast coins were produced by governments, it was a common practice amongst counterfeiters.

Early coins

Ephesus' great temple of Artemis has provided evidence for the earliest coins yet known from the ancient world. The first structures in the sanctuary, buried deep under the later temples, date back to the eighth century BCE, and from that time on precious objects were used in the cult or dedicated to the goddess by her worshippers.

The Lydian Lion coins were made of electrum, a naturally occurring alloy of gold and silver but of variable precious metal value. The royal lion symbol stamped on the coin, similar to a seal, was a declaration of the value of the contents. These directly preceded ancient Greek coinage, through which Rome begot all Western coinage, and through which the Seleucids, Parthians, and Sassanians begot all Islamic coinage. Indian coinage has largely been a product of Greek, Roman, and Islamic influences. Chinese coinage, though it probably developed independently, was succeeded by Western-style coinage in the late nineteenth century. Other countries in Asia, in Africa, and elsewhere have adopted the Western approach to coinage as well.

The Lydian Lion was minted by Alyettes of Lydia, 610–560 BC. However, it took some time before ancient coins