Art-ology

It is almost within the memory of living men, even at

the West, that direct barter was the primary means of

trade. Goods were exchanged between two parties and that was the

end of it. But discovering someone who

desired to exchange eggs for bread or shoes for butter is of a

hassle and results in some spoiled loaves.Click through here for extra

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Introducing a third party who has eggs and will accept shoes he doesn’t

need because he knows someone who will trade them for butter he does

want is a stride at the

right path. Keep moving down that road and at some time something is going to evolve as a common medium of exchange.

Gold, silver, copper and some other commodities in various

places came to be that medium. Paper, until just some decades

ago, was nothing more than a marker for these

commodities. As a consequence, coins made

from those metals were created.
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Historians largely agree that the first coins were

struck throughout 7th century in Asia Minor, in a

region that has become

part of Turkey. ‘Struck’ is an appropriate

term, since they were made by putting a blank metal piece between two die and

hitting the top so with a hammer.

Those die often had the likenesses of queens, since they

were those who declared laws forbidding anyone

else to produce currency. It was both a way to enforce their

rule and guarantee the authenticity of the money. He who has the gold makes

the rules.
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As culture and technology developed, metal coins came into

larger use. During the 14th century coins came to be valued not

only for their function in commerce, as works of art in themselves. Petrarch is reported to

have had a substantial collection of

ancient coins.

During the late 18th and 19th centuries coin production engineering

evolved to the point that hand minting was

passed by machine-made methods. Coin collecting at this stage took

a new turn.

Hand-made coins, even when they’re

cautiously alloyed and weighed, differ visibly. Even the most painstaking artisan can never produce

two exactly alike. As a consequence, what

qualified as an ‘error’, making a coin more remarkable, had an

entirely different meaning at the earlier era.

Machines, though, can mass produce coins of

uniform alloy and shape. Subtle, and also there is the situation where, not so subtle,

errors still are able to happen,

though. Double-striking, incorrect plates used, incorrect dates

and any sum of human mistakes can

cause machine made coins to differ from common.

Because of their rarity, those ‘bad’ coins get

considerable value in coin collecting. Rarity,

when all said and done, even when

the intrinsic value might otherwise be low, is a

primary element at the value of a collectible

coin.

By the mid-20th century – August 15, 1962 to be exact – saw the debut of first international coin collecting convention at the U.S. Sponsored by

the US Numismatic Association, this event

showed at the truly modern era of

coin collecting.

Today, there are dozens of establishments across the globe and millions of collectors

dedicated to the art and science of coin collecting.

Shoulder-to-shoulder with their cousins in numismatics ( research of currency),

they trade actively in stores and sites everywhere the globe.

Yet the urge is unquestionably similar 7 centuries after

Petrarch: the pleasure of discovering and sharing the

exhilaration of that remarkable treasure.