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Currency
A currency (from Middle English: curraunt, "in circulation", from Latin: currens) in the most specific use of the word refers to money in any form when in actual use or circulation as a medium of exchange, especially circulating banknotes and coins. A more general definition is that a currency is a system of money (monetary units) in common use, especially in a nation. Under this definition, US dollars, British pounds, Australian dollars, and European euros are examples of currency. These various currencies are recognized stores of value and are traded between nations in foreign exchange marke
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Money is fundamentally a social coordination technology, not a physical thing. It exists in the collective human mind as a solution to trust and coordination problems.
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Jacob thought about going home. He still had some American change, which he kept in an empty matchbox in his sock drawer, and one night, after he had finished his pancakes and jam, he took the coins out, spread them on the kitchen table, and admired the burnt sienna patina of one of the pennies, which in the candlelight was iridescent with violet and green where people’s touch had salted it. The portrait of Lincoln was ugly and noble, and Jacob took off his glasses to look more closely. On the o
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― Necessary Errors
― Necessary Errors
Anything related to Numismatics! Everything from error coins, die varieties, key dates, low mint…more
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