k00b

Ancient coins are so cool!!! Timeless monetary history! 

SatsMate

Very interesting. 
Look how chunky those coins were!
They didnt skimp at all!

Satosora

Diamonds are stolen and sold or bartered but rarely used as money


The "intrinsic value" concept is completely misunderstood. Using metal coins as money is an indication that people value the intrinsic value less than the monetary value. They chose to forego using the metal for some other purpose and instead use it as money. If intrinsic value made metal better money then iron or copper would used as money instead of gold and silver. The metals with the best monetary properties and the least other uses were chosen as money.

jgbtc

The truth is that if coins are nice to collect... not because they are worth it because currently no coin is worth it since they are part of the fiduciary system... but they can be collected for their designs and colors... at least at the time In my native country Venezuela they released a new denomination and the inflation at that time was enormous and those bills of course were worthless... but there was no denying their designs were original and colorful... I have several saved as a memory👍

Akg10s33

### Pick the one you want!

![](https://m.stacker.news/40693)

Coinsreporter

Amazing post! I've a bit of my collection from my ancestors! Even the inscriptions of Elephants with a woman are worth millions now!

![](https://m.stacker.news/40694)

IamSINGLE

Numismatic historians agree that the Lydian coin was the first officially issued coin and served as a model for nearly all subsequent coinage everywhere.

Unlike the method used for bartering, the coins were first issued by a central authority or government and coinage was made of metal from this period onwards.

When they were made of a precious metal such as gold, the coins had their intrinsic value. Coins are also an amazing discovery because they are difficult to counterfeit, and have great value, whether in their essence or by decree issued by the government.

science

> Numismatic historians agree that the Lydian coin was the first officially issued coin and served as a model for nearly all subsequent coinage everywhere.
> Unlike the method used for bartering, the coins were first issued by a central authority or government and coinage was made of metal from this period onwards.
> When they were made of a precious metal such as gold, the coins had their intrinsic value. Coins are also an amazing discovery because they are difficult to counterfeit, and have great value, whether in their essence or by decree issued by the government.

Pick the one you want!Pick the one you want!