Though not as pretty as their unblemished counterparts, circulated coins connect us through their everyday use.
In numismatics, as in life, it’s wise to follow the Fugio Cent’s advice —“mind your business” because “time flies.”
In the modern era, Americans have become accustomed to a monetary system with only four circulating coins. But the familiar penny, nickel, dime, and quarter actually represent a historic low in denominational diversity.
This lowly, seemingly insignificant denomination teaches much about history, art and numismatics.
When it comes to legal tender, there are two, related paradoxes in numismatics.
We all make certain assumptions about money. We assume that there will be enough currency and coin to complete any transaction, that we can spend and receive money without difficulty or doubt, and that money will hold its value over short spans of time.
World banknotes represent a tangible connection to history and culture around the world, offering numerous enjoyable opportunities for those who want to travel the globe through numismatics.
More than just geographic neighbors, the three major nations of North America have shared numerous historical and contemporary experiences – including in the realm of numismatics.
Originally published in The Numismatist, November 2003
Originally published October 2019