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The history of money is the development over time of systems for the exchange, storage, and measurement of wealth. Money is a means of fulfilling these functions indirectly and in general rather than directly, as with barter. Money may take a physical form as in coins and notes, or may exist as a written or electronic account.
It is believed that people have been collecting paper money for as long as it has been in use. [citation needed] While people began collecting paper currency more systematically in the 1940s, the turning point occurred in the 1970s when notaphily was established as a separate area by collectors.
Coin World Glossary (7 April 2007) Dictionary.com; A Guide Book of United States Coins by R.S. Yeoman ISBN 0-7948-1790-4; 2005 Blackbook Price Guide to United States Paper Money ISBN 1-4000-4839-7 "Numismatic Terms and Methods" from the American Numismatic Society (archived 19 February 2007)
The illustrated catalogs and "event nature" of the auction practice seemed to fuel a sharp rise in overall awareness of paper money in the numismatic community. The emergence of currency third party grading services (similar to services that grade and "slab", or encapsulate, coins) also may have increased collector and investor interest in notes.
Paper Money of the United States: A Complete Illustrated Guide With Valuations (19th ed.). Coin & Currency Institute. ISBN 978-0-87184-519-1; Knox, John Jay (1888). United States Notes: A history of the various issues of paper money by the government of the United States (3rd ed.). Charles Scribner’s Sons.
Starting 1996, all notes except $1 and $2 were redesigned to have a larger portrait of the people depicted on them. Since 2004, all notes (except $1 and $2) were progressively changed to have different colors to make them more easily distinguishable from each other, until the last such note was introduced in 2013 (the $100).
From August 2009 to December 2012, if you bought shares in companies when Donald E. Felsinger joined the board, and sold them when he left, you would have a -9.9 percent return on your investment, compared to a 42.3 percent return from the S&P 500.
By 1745, standardized printed notes ranging from £20 to £1,000 were being issued. Fully printed notes that did not require the name of the payee and the cashier's signature first appeared in 1855. [165] In the 18th century, services offered by banks increased. Clearing facilities, security investments, cheques and overdraft protections were ...