Article for News Letter

ARTICLE FOR NEWS LETTER :COIN The history of assumes extends from ancient quantify to the present, when come tos are still widely used for monetary and early(a) purposes. Since 643 to 630 B.C. in Lydia, light upons cause been the close to common embodiment of money. These freshman impinge ons were made of electrum, a naturally occurring pale yellow premix of gold and silver. The most famous and widely collected coins of ancientness are Roman coins and Greek coins COIN:- A coin is a piece of hard material, traditionally metal and ordinarily in the shape of a disc, which is used as a form of money. With banknotes, coins make up the cash forms of all new money systems. Coins are used for lower measured units, notes for the higher(prenominal) values. The Value of a Coin The market exchange value of a coin comes from its historic value. However, in modern times most coins are made of a base metal and their value comes strictly from their status as fiat money. The value of the coin is official legal order agreed by the people, which really makes it less a coin and more a  token in the strict sense. Generally two types of coins, as well as from other forms of tokens which have been used as money. pecuniary scholars have defined there to be three criteria which essential be met for an object to be a true coin. These criteria are: 1.

It must be made of a invaluable material. 2. It must be of a standardized weight and purity. 3. It must be marked to identify the authority that guarantees the content. The invention and outset known usage of coins comes from the Kingdom of Lydia circa 643-630 B.C. True coins also substantial very close to this timeframe in both India and China. The History of Coins is a long and interesting one. Coin Debasement In the history governments have been known to create more coinage than their supply of extraordinary metals would allow. By replacing some fraction of a coins precious metal content with a base metal, a government reduces the value of the coins (thereby wastage their... If you want to get a right essay, order it on our website: Orderessay

If you want to get a full essay, wisit our page: write my essay .