Jan 11, 2025

The Untold Stories Behind The Evolution Of Coins Over Centuries

NewsPoint

The First Coins Ever

Coins first appeared around 600 BCE in ancient Lydia, now part of Turkey, made of electrum, a natural alloy of gold and silver. This innovation revolutionised trade by replacing the barter system.

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The Largest Coin In History

The largest coin in history, the Swedish plate money of the 17th century, weighed over 19 kilograms, making it impractical for daily use but significant for large transactions.

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Roman Coins As Propaganda

Ancient Roman coins often featured deities, leaders, or significant events, serving not just as currency but as a form of propaganda to spread political messages.

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The World’s Smallest Coin

The smallest coin in the world is the Nepali 1970 gold coin, weighing only 0.181 grams. Its intricate design reflects Nepal's rich artistic heritage.

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Coins During Wartime

During World War II, many countries, including the US, used alternative materials like steel and zinc for coins to conserve metals like copper for war efforts.

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Ridges To Prevent Fraud

Coin edges were initially ridged to prevent fraud. Shaving off metal from the edges of coins was a common practice in the past, and ridges ensured the integrity of the coin's value.

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First Coins With Faces

The first coins featuring the face of a living person were issued by Julius Caesar in 44 BCE, a bold move that solidified his image and power.

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Numismatics: The Coin Hobby

Collecting coins, or numismatics, is one of the oldest hobbies in the world, dating back to ancient Rome when emperors collected coins for their rarity and beauty.

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India’s Ancient Coins

India’s first coins, known as punch-marked coins, date back to the 6th century BCE, reflecting early monetary systems and the subcontinent's rich trade history.

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Coins With Holes

Coins with holes in the centre, such as those used in ancient China and Japan, were practical for stringing them together, making them easier to carry and store.

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