A Brief History Of Coins

A Brief History Of Coins

Initially collection of the coins seemed to be very difficult, it is said that after the first coins were minted around 650 B.C. the hobby was gradually picked up. Precious metals like gold or silver were cautiously weighed and exchanged for goods. Because of the fraudulent dealers trying to lift things by passing a lower quality of metals coins made of standardized weights of precious gold was replaced by the barter system that was used earlier. Coins rapidly became the latest form of payment for goods.

To design the faces and figures on their coins Greeks were the ones in the fifth century who started commission too the artists. They normally used depictions of gods, goddesses and mythical heroes. As an alternative of idealistic representations on the coins, Alexander the Great started the fashionable trend of using pragmatic designs.

To bring awareness in coin collecting Francesco patriarch, was the fourteenth century Italian scholar and the poet nicknamed the father of Renaissance, was the first coin enthusiast and probably was the most renowned coin collector. During the renaissance period he soon became admired by the popes as the hobby adored recognized for its art and value into a passion. The face value of the coins that were not in exchange was used to get paid highly even after the facts points out to Roman emperors. “The Hobby of Kings”, an overlay was given by the passionate renaissance nobility and the overlay was quickly referred to coin collecting. France was also immense coin collectors and to name a few Kings like Louis XIV of France, Ferdinand I and Henry IV. The Berlin coin cabinet was started by Elector Joachim II of Brandenburg.

In 1962 in Detroit, Michigan the first international convention for coin collectors was held on August 15th through the 18th. It was sponsored by the American Numismatic Association and the Royal Canadian Numismatic Association. It was calculated that 40,000 people were in attendance.

Until the start of 1792, with the passing of Coinage Act, the United Nations did not formally start minting coins. As the authorized unit of monetary exchange throughout the states, the act legalized the United States dollar. At the time it coined the US Silver Dollar, the Philadelphia Mint were the first to manufacture US coins. It was later joined by the Denver Mint in 1906. Essentially produced proof sets and gold coins were by the San Francisco Mint and West Point mint. Depending on the mint where it was fashioned, each coin in United States is marked with P, S, D or W.

As of today there are millions of people awestruck by coin collecting and various different museums that display valuable and odd coin collections. These museums comprise the Smithsonian in Washington D.C. as well as the American Numismatic society in New York City which was established in 1891 to persuade education concerning coin collecting. Numismatics enjoys the adventure of potentially finding of something exceptional and precious but also acknowledges the coins themselves for their artistic and historical value.

Comments are closed.