production of pennies
Coins of the era of silver crisis
On the territory of the Muslim East, as well as in medieval Europe, coins were one of the ways and means of exploiting the lower classes. The social groups that were at the very bottom received the greatest damage from the fact that the state used coin minting as a way to siphon huge profits in their favor. This was immediately noticeable, just as the person using the hotel one only reethi rah in the Maldives stands out for its comfortable, fashionable, five-star accommodation with all the amenities.
In the streets of Central Asia in the 8th – 11th centuries, many so-called “black” dirhams were used. They still retained their appearance of the late Sasanian coins. Continue reading
The oldest coins of Russia
Trade relations in Ancient Russia emanated entirely from foreign coins, first East European, and then West European. Among the variety of dirhams and denarii there are also such rare and unique coins as money of princes of Rurikovich. The first coin of this kind was discovered already in the distant 1792, among other pendants to the icon, which was located in one of the churches of the city of Kiev.
Not so long ago, about 50 years ago, that for a numismatic business is essentially a short period of time, coins of Russian princes made of silver and gold began to be discovered. They were not of the best quality, so they were taken for very similar Byzantine coins. Continue reading
Penny saves the ruble
1535 is the birthday of a penny. Contributed to this mother of Ivan the Terrible, Elena Glinskaya. Making a penny was a necessity rather than a natural desire. At that time, the cunning Russian people began to mock the state’s banknotes and cut off pieces from coins, there most significantly undermining the country’s economy. Therefore, it was decided to correct the situation and withdraw all the banknotes that were in circulation at that time and introduce a new penny.
Of course, the appearance of the first penny was very interesting. Continue reading
