Numismatics is the study or collection of currency in all forms such as banknotes, coins, and other items of worth and is often called numismatism. Before coins were created numerous items of significance were used for trading in exchange for goods or services. Those objects included gems, precious metals, ingots, livestock, commodities and cowery shells.
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Numismatism – Numismatics, Numismatist
Originating with the Latin numismatis numismatics made way into the French language with numismatique and English with numismatics. The principle in numismatics is to locate coins or banknotes that are rare. Supply and demand applies here where those things in low circulation are of greater value.
The money of most interest is that of the 17th to the 21st century. In time professional societies were created starting with the Royal Numismatic Society in 1836. This was followed with the American Numismatic Society in 1858. The eighth or seventh century B.C. is where coinage began in Asia Minor and Greece. Coins were inscribed on the obverse and reverse by the sixth century B.C.. Anciently coins from Greece and Rome had Gods inscribed on them and early Western European coins had likenesses of the rulers of the time. Made mostly of silver early Western European coins were of high quality while Middle Age money was adulterated with copper and other metals of less significance. American money today has more non-precious metal than precious. Size and weight are consistent within coins with the American nickel weighing in at five grams for example. If setting a 100 g scale you can simply use 20 nickels.
In summary, whether a professional or amateur collector numismatists are serious investors. Scholars study the history of money and the uses over time. Coin dealers are sometimes certified in authenticating the grade of coins for commercial use. London is the most prominent coin market in the world where numismatism is rather familiar.
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Numismatism – Numismatics, Numismatist
Numismatism – Numismatics, Numismatist
Numismitism is a collection or study of coins and banknotes.