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Double-die style struck coin from Ancient India, c 304-232 BCE featuring an elephant on one face and a lion on the other. Since that time, coins have been the most universal embodiment of money. These first coins were made of electrum, a naturally occurring pale yellow mixture of gold and silver that was further alloyed with silver and copper.
Coins were used and may have been invented by the early Anatolian traders who stamped their marks to avoid weighing each time used. Herodotus states that the first coinage was issued by Croesus , King of Lydia , spreading to the golden Daric (worth 20 sigloi or shekel), [ 4 ] issued by the Achaemenid Empire and the silver Athenian obol and ...
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.
The three most important standards of the ancient Greek monetary system were the Attic standard, based on the Athenian drachma of 4.3 grams (2.8 pennyweights) of silver, the Corinthian standard based on the stater of 8.6 g (5.5 dwt) of silver, that was subdivided into three silver drachmas of 2.9 g (1.9 dwt), and the Aeginetan stater or didrachm of 12.2 g (7.8 dwt), based on a drachma of 6.1 g ...
Coins for the dead is a form of respect for the dead or bereavement. The practice began in classical antiquity when people believed the dead needed coins to pay a ferryman to cross the river Styx. In modern times the practice has been observed in the United States and Canada: visitors leave coins on the gravestones of former military personnel. [1]
William Gray was born in Tariffville, Connecticut, in December 1850 to Scottish immigrants Neil and Mary Gray.When Gray was young, his family relocated to Boston. [1]His father found a job for him at a local drug store, but the druggist found he preferred tinkering to working, so he was placed in a machine shop.
So-called "ghost coins" also appear with the dead. These are impressions of an actual coin or numismatic icon struck into a small piece of gold foil. [73] In a 5th- or 4th-century BC grave at Syracuse, Sicily, a small rectangular gold leaf stamped with a dual-faced figure, possibly Demeter/Kore, was found in the skeleton's mouth.
For this reason the validity of these objects as a form of currency is called into question. [7] Because it is unknown if they were or weren't forms of ancient Chinese money, they are usually referred to as "pseudo money" or "odd shaped money" (simplified Chinese: 异形币; traditional Chinese: 異形幣; pinyin: yì xíng bì). [7]