In the 10th century, Count Baldwin, in order to develop a monetary business, as well as improve trade relations, created a rate of exchange transactions. So, two hens could be exchanged for one rooster, two lambs for one sheep, and so on. Even though the territories of the countries were not disturbed by any crusades, every society needed money.
In Western Europe, there was a fairly large number of mints. Each duke and bishop sought to build their own coin shop. Therefore, quite often, in one city there could be several coin shops. Continue reading
The most difficult thing in any business is to start. An experienced person does not ask such questions, he already knows everything and intuitively performs the necessary actions. From the most difficult to elementary. But for a beginner, just a titanic effort is to make even the easiest thing. And all this because of insecurity. The same thing happens in a hobby called numismatics.
What is numismatics? This is a collection of coins. Nothing more to say. It is clear that this is not a collection of coins in your wallet after putting on the subway, but a collection of ancient and valuable coins from different historical periods. Continue reading
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