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The Numismatics Portal

Numismatics (ancient Greek: νομισματική) is the scientific study of money and its history in all its varied forms. While numismatists are often characterized as studying coins, the discipline also includes a much larger study of payment media used to resolve debts and the exchange of goods.

Exonumia is the study of coin-like objects such as token coins and medals, and other items used in place of legal currency or for commemoration. Notaphily is the study of paper money or banknotes. Scripophily is the study and collection of stocks and Bonds. Numismatics is an ancient discipline, reaching as far back as Julius Caesar, who is often credited with writing the first book on numismatics. It can include the study of many different aspects relating to coins, including history, geography, economics, metallurgy, usage, and manufacturing processes.

Economic and historical studies of money's use and development are separate to the numismatists' study of money's physical embodiment (although the fields are related; economic theories of money's origin depend upon numismatics, for example).

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The dollar is the unit of currency of the United States. It is normally abbreviated to the dollar sign $, or alternatively US$ to distinguish it from other dollar-denominated currencies. The U.S. dollar is divided into 100 (equal) cents.

Adopted by the Congress of the Confederation of the United States on July 6, 1785, the U.S. dollar today is the most-used currency in the world. Several countries use the U.S. dollar as their official currency, and many others allow it to be used in a de facto capacity. In 1995, over US$380 billion were in circulation, of which two-thirds was outside the United States. By 2005 that figure had doubled to nearly $760 billion with an estimated half to two-thirds being held overseas, which is an annual growth of about 6.6%.

When currently issued in circulating form, denominations equal to or less than a dollar are emitted as U.S. coins while denominations equal to or greater than a dollar are emitted as Federal Reserve notes. In the past, paper money was occasionally issued in denominations less than a dollar and gold coins were issued for circulation up to the value of 20 dollars.

  

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The American Silver Eagle is the official silver bullion coin of the United States. It was first released by the United States Mint in 1986. It is struck only in the 1 troy oz denomination which has a face value of one dollar and is guaranteed to contain one troy ounce of .999 pure silver. It is authorized by the United States Congress and is backed by the United States Mint for weight and content.

  

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Credit: User:Timur lenk.
100 000 000 b.‑pengő (1020 pengő). Highest numbered banknote issued during the worst hyperinflation in the history.
  

Numismatic terminology

  • Bullion - Precious metals (platinum, gold and silver) in the form of bars, ingots or plate.
  • Error - Usually a mis-made coin not intended for circulation, but can also refer to an engraving or die-cutting error not discovered until the coins are released to circulation. This may result is two or more varieties of the coin in the same year.
  • Exonumia is the study of coin-like objects such as token coins and medals, and other items used in place of legal currency or for commemoration.
  • Fineness - Purity of precious metal content expressed in terms of one thousand parts. 90% is expressed as .900 fine.
  • Notaphily is the study of paper money or banknotes.
  • Scripophily is the study and collection of stocks and Bonds.
  

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Numismatic News

January 1, 2008 Venezuela launched a new currency with the new year, lopping off three zeros from denominations in a bid to simplify finances and boost confidence in a money that has been losing value due to high inflation. The new currency is called bolívar fuerte or "strong bolívar". Officials also say it is part of a broader effort to contain rising prices and strengthen the economy. More...

January 1, 2008

Today at midnight, the Cyprus and the Malta adopted the euro as their official currency; less than four years after their accession to the European Union. The single currency has replaced the Cypriot pound and the Maltese lira at a rate of one euro to 0.585274 Cypriot pound and 0.4293 to the Maltese lira. In both countries the euro was welcomed with outdoor celebrations, including a fireworks display in Malta's capital Valletta. More...

September 26, 2007

Designs for three of four themes proposed for the reverse of 2009 Lincoln cents to honor Abraham Lincoln's life were endorsed by the Citizens Coinage Advisory Committee. More...


  

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WikiProject: Numismatics
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