Portal:Numismatics

Introduction

Numismatics is the study or collection of currency, including coins, tokens, paper money and related objects. While numismatists are often characterised as students or collectors of coins, the discipline also includes the broader study of money and other payment media used to resolve debts and the exchange of goods. Early money used by people is referred to as "Odd and Curious", but the use of other goods in barter exchange is excluded, even where used as a circulating currency (e.g., cigarettes in prison). The Kyrgyz people used horses as the principal currency unit and gave small change in lambskins; the lambskins may be suitable for numismatic study, but the horses are not. Many objects have been used for centuries, such as cowry shells, precious metals, cocoa beans, large stones and gems.

Today, most transactions take place by a form of payment with either inherent, standardized, or credit value. Numismatic value is the value in excess of the monetary value conferred by law, which is known as the collector value.

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Peace dollar obverse.jpg
Peace dollar reverse.jpg

The Peace Dollar is a silver United States dollar coin minted from 1921 to 1928, then again in 1934 and 1935. Early proposals for the coin called for a commemorative issue to coincide with the end of World War I, but the Peace Dollar was issued as a circulating coin.

Designed by Anthony de Francisci, the Peace Dollar was so named because the word PEACE appears on the bottom of the coin's reverse. It contains 0.77344 troy ounces of silver, and was the successor to the Morgan Dollar, which had not been regularly minted since 1904. With the passage of the Pittman Act in 1918, the mintage of dollar coins was enabled to start again. Prior to the design and acceptance of the Peace Dollar, the Morgan Dollar was minted again in 1921. After a six-year pause in minting, the Peace Dollar was again minted in 1934 and 1935. It was minted briefly in 1965 (dated 1964), but all examples of this issue were never released to the public and were melted. The Peace Dollar is the last silver dollar minted for circulation in the United States.

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Newfoundland 2 dollar coin

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The British Fifty Pence coin was issued on October 14, 1969 in the run-up to decimalisation. The coin is minted from an alloy of 75% copper and 25% nickel. Note that the coin is not circular but an equilaterally curved heptagon. This denomination has frequently been used for commemorative purposes, and consequently there are more design variations in this coin than in any other current British denomination.

The normal reverse of the coin, designed by Christopher Ironside, depicts the seated Britannia with a lion. Three different effigies of Queen Elizabeth II have been used on the obverse.

Banknotes

Rouble-1961-Paper-1-Obverse.jpg
Credit: commons:User:WikedKentaur.
A circulated 1 Soviet ruble, issued in 1961. The color theme is a tradition that can be traced back to Imperial time. .

Numismatic terminology

  • Bullion – Precious metals (platinum, gold and silver) in the form of bars, ingots or plate.
  • Error – Usually a mis-made coin not intended for circulation, but can also refer to an engraving or die-cutting error not discovered until the coins are released to circulation. This may result is two or more varieties of the coin in the same year.
  • Exonumia – The study of coin-like objects such as token coins and medals, and other items used in place of legal currency or for commemoration.
  • Fineness – Purity of precious metal content expressed in terms of one thousand parts. 90% is expressed as .900 fine.
  • Notaphily – The study of paper money or banknotes.
  • Scripophily – The study and collection of stocks and Bonds.

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Numismatic News

January 1, 2008 Venezuela launched a new currency with the new year, lopping off three zeros from denominations in a bid to simplify finances and boost confidence in a money that has been losing value due to high inflation. The new currency is called bolívar fuerte or "strong bolívar". Officials also say it is part of a broader effort to contain rising prices and strengthen the economy. More...

January 1, 2008

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Today at midnight, the Cyprus and the Malta adopted the euro as their official currency; less than four years after their accession to the European Union. The single currency has replaced the Cypriot pound and the Maltese lira at a rate of one euro to 0.585274 Cypriot pound and 0.4293 to the Maltese lira. In both countries the euro was welcomed with outdoor celebrations, including a fireworks display in Malta's capital Valletta. More...

September 26, 2007

Designs for three of four themes proposed for the reverse of 2009 Lincoln cents to honor Abraham Lincoln's life were endorsed by the Citizens Coinage Advisory Committee. More...



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