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Educational notes or School Currency was issued by some schools to teach students to handle money. Play money may resemble real banknotes or be entirely fictitious and would typically be used by children for play, or as promotions or political or commercial advertising, often with additional messages overprinted or printed on one side.
Generally, the paper used is different from ordinary paper: it is much more resilient, resists wear and tear (the average life of a paper banknote is two years), [9] and also does not contain the usual agents that make ordinary paper glow slightly under ultraviolet light. Unlike most printing and writing paper, banknote paper is infused with ...
Counterfeit money is currency produced outside of the legal sanction of a state or government, usually in a deliberate attempt to imitate that currency and so as to deceive its recipient. Producing or using counterfeit money is a form of fraud or forgery , and is illegal in all jurisdictions of the world.
Numismatics is the study or collection of currency, including coins, tokens, paper money, medals, and related objects. Specialists, known as numismatists , are often characterized as students or collectors of coins , but the discipline also includes the broader study of money and other means of payment used to resolve debts and exchange goods .
Critics claim that professional counterfeiters use starch-free paper, making the pen unable to detect the majority of counterfeit money in circulation. [4] Magician and skeptic James Randi has written about the ineffectiveness of counterfeit pens on numerous occasions [5] [6] and uses a pen as an example during his lectures. [7]
The U.S. government decided to substitute paper currency of denominations under a dollar for coins in order to solve the problem. The denominations issued were 3¢, 5¢, 10¢, 15¢, 25¢ and 50¢. There were five issues of fractional currency.
A Roman coin called the solidus weighed 24 "carats" or "siliquae", 1/6 of a scruple, which eventually became the standard of purity in Western Europe. key coin A rarer or higher valued coin within a series. [1] As an example, 1923 and 1925 are key coins in the Canadian small cent series.
Shinplaster was paper money of low denomination, typically less than one dollar, circulating widely in the economies of the 19th century where there was a shortage of circulating coinage. [clarification needed] The shortage of circulating coins was primarily due to the intrinsic value of metal rising above the value of the coin itself. People ...