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.
1804 Dollar: The King of U.S. Coins The 1804 dollar is among the most coveted of all U.S. rare coins, with only 15 known examples. Strangely enough, no dollars dated 1804 were actually struck in that year. The United States Mint only struck dollars dated 1803 in 1804; there was a silver shortage and the expense of creating a new die was saved (regular.
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.
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
Money comes in all shapes and sizes. Take Swedish plate money, for example (also known as riksdaler plates). These were made by hammering copper and silver into sheets, cut to size with shears and then stamped according to their denomination. While they were cheap to produce, they were difficult to use in everyday commerce. Learn more by watching the.
Originally published October 2019