Message:

<p>[QUOTE=&quot;Reid Goldsborough, post: 22671, member: 34&quot;]This obviously is how money evolved, but it&#039;s not necessarily how coins evolved. It&#039;s important to distinguish between the two. All coins are money, but not all money is in the form of coinage. Money was used far earlier than coinage, and much besides coins are still used for money today.</p><p><br /></p><p>The importance of the imprint or type on a coin is that it was what guaranteed the bullion has having a definite exchange value. Could private individuals in archaic times make that guarantee? Yes. So requiring a &quot;coin&quot; to have the type or mark of a ruling authority, rather than an individual, is somewhat arbitrary but is important nonetheless. Bring it forward to today. If Joe Blow stamps pieces of silver in his workshop as being worth more than their intrinsic value, does this make them &quot;coins&quot;? Most would say no. But the U.S. government, and other governments, do this and have always done this, in the post- as well as pre-clad age.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in