Numismatics

Since the beginning of civilization and the start of a national currency, there has been counterfeiting. Nowadays paying in cash is an afterthought that U.S. citizens take for granted neither the customer or the clerk give more than a courtesy glance. This is because both people believe that bill is genuine. However this was not always the case. In the beginning of the United States of America, many people did not trust the money they received nor did they trust their government that was made by the people and for the people. This was because the U.S. has not always had a credible currency that the United States is used to nowadays. This was caused by counterfeiters who would counterfeit the U.S. dollar. This led to the creation of Secret Service whose original creation and intent was to stop counterfeit money but also counterfeiters. They changed not only the United States and it's government but also the world by securing the nation's currency, which in turn caused the nation to be one of the most powerful economic nations in the world. The Secret Service would change not only to stop counterfeiting but also with the expectation to protect the United States president and other political leaders to its best ability. This would in turn have saved not only many important political figures but also saved President Ronald Reagan who's pressure on Russia led to the collapse of the soviet union which would change the worlds political and social landscape which led to the…

There are always pros and cons to every system no matter which direction you may look at it. Both the idea of having the gold standard and not having our money backed by anything are two very shaky and solid ideas. The current system has no backing of any kind so prices are slanted more toward the government’s whim. This can make the economy more flexible in a hard pinch by just printing more money. The gold standard gives our money more solidarity because there is only so much gold in the world…

Uncleaned Ancient Coins Guide - The Antique Store - Joshua Lee [ Figure 1:1 ] Requirements 1 Pin Coins Some olive oil Purified Water Containers Lots of time and patience Magnifying glass Good lighting source [ Natural light works best ] Towels Brushes Notes before reading Please read the sections below first before a cleaning attempt is started: Bronze Disease I have doubts about cleaning. I may damage it. Method Method ­ 1] Place coins on a flat surface with good lighting. I…

The first coined money in the United States was introduced in 1793. The coinage included the half-dime, dime, quarter dollar, half dollar, cent, and half-cent. Since then, the value of these coins, like all other forms of monetary currency, has deteriorated due to inflation. One dollar in 1793 has the buying power of $24.39 in 2016, and one cent has the buying power of 24 cents. Never-ending inflation has deteriorated the value of these coins and caused them to have detrimental effects of the…

Have you ever wondered why a dollar or even a coin has any value at all? It’s just a piece of paper or metal and just as easily seashells or beads could have been given value for trade, right? Well what’s stopping other physical objects, or in this case pieces of code, from having value? Virtual currency or “cryptocurrency”, so called because it is a currency that uses a form of cryptography, is a type of currency that exists solely online. One of the most successful cryptocurrencies to emerge…

Have you ever finish a book and said to yourself “Wow, I am going to reread this book again.”? Unfourntly, “The Ascent of Money” by Niall Ferguson isn’t a book where you will likely reread after the first read instead you will be saying “Is it finally over?” “The Ascent of Money” by Niall Ferguson explains how money came to be in our society by starting off where we see the first use of currency to the end where money has become something we can’t even touch. As a person who isn’t interested in…

Case citation: Gendron v. Supply and Services Union of thhe Public Service Alliance of Canada, Local 50057, [1990] 1 S.C.R. 1298 Facts: The respondent started to work at the Royal Canadian Mint in 1979 as an operator. At the time when he was hired he already had experience as a tinsmith and electrician's helper for 1 year and ½. Both as an operator and in his prior occupations he has been a member of the union and thus subjected to the collective agreement. The Royal Canadian Mint poster a…

This essay will analyse and discuss the political impact of the iconography of Roman Republican Coinage. Using ancient and modern sources, it will consider the development of coinage as monumental, and analyse whether its political impact was for the purpose of propaganda, or simply as a means of documentation. In the Roman Republic, coinage served as goods themselves, in a system of bartering, not like money used in modern times. Early Roman coins were stamped on the obverse only, serving as a…

National Currency “It's not that I’m Anti-China. I just think it’s ridiculous that we allow them to do what they're doing to this country, with the manipulation of the currency, that you write about and understand, and all of the other things that they do” (Trump). People will go to immeasurable amounts to have the upper hand in this world, especially when it involves money. What if we could eliminate the probability of one country having an advantage over all? When concerning money, we could…

Throughout the Chinese history, century after century, led to the age of today’s currency. By this revolutionizing idea all from China, economy is still based on using coins and paper money. The first form of currency that was used under the Shang dynasty was the cowrie shells that were mainly used among trade along the Silk Road to other regions. Around the 1800 BC time period, this way of exchange was the main economical method through the Chinese. These shells had carving marks in them that…