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Questions tagged [currency]

Refers to objects which are backed by a reputable source (usually a state actor) and used in lieu of barter to trade for goods and services. Originally currency was produced by containing a set amount of precious material or the promise that the object could be redeemed for a certain amount of a valuable commodity. In the 20th century, this was replaced by idea that currency represented a fraction of the national economy and was valuable in and of itself.

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Has there ever been a non-rectangular banknote?

You all know that every national flag but Nepal's is rectangular. Most coins are roundish. These are some old norms. What about paper money? The rectangular form is close to universal. After poking ...
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In 2018 US Dollars, how much was Picasso's painting sold for in 1912?

I just watched Chapter 7 of Genius: Picasso on NatGeo, and it said that in 1912 "Pablo's Family of Saltimbanques becomes the most expensive painting in history, selling for 12,650 francs." The ...
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Were there any ancient civilisation that functioned without currency or bartering? [closed]

As required here is how I define the terms used in this question: • money/currency: is something that has little use to the individuals (such as metal coins) but has a commonly recognized value the ...
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What era is this German 10 DM banknote from?

Exactly what it says on the tin. This is clearly a German 10 mark note of some kind, but I can't find pictures online of any notes like it. The reverse is completely blank, with some bleed-through ...
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Why did Indonesia use a separate currency for West Irian before 1973?

In 1963, Indonesia took control of Western New Guinea (formerly a Dutch colony whose status was separated from the rest of Indonesia/Dutch East Indies since 1949), and renamed it West Irian. One ...
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Where were the Straits dollars printed?

From the information I gathered, the banknotes of the Straits dollar were printed by Thomas De La Rue & Company, Limited, a firm based in London. Were the banknotes of the Straits dollar printed ...
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Can someone identify this banknote?

Can anyone tell me what currency this is? I think it's Japanese but I'm not sure from when or even where. Someone in my family brought it back from the service.
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How could the Roman sestertii/sesterces be converted into modern terms (say 2017 US$)?

Of course, the value of the sesterti must itself have fluctuated over the centuries it was in use. And so if I must narrow it down, I am particularly interested in its value during the time of ...
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Please help to identify these coins

First coin: it dates 1670. The coat of arms seems to show the checkerboard as in Flag of Bavaria, but that's speculation Second coin: it dates 1770. The inscription beginns with D.G.MAX.IOS. etc., ...
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Why has the Brazilian currency been changed so often throughout its history?

It seems like currency in Brazil has been changed many times over the period of its existence. The last time the currency changed was in 1994, with the introduction of the modern Brazilian Real (BRL, ...
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To which age this currency belong?

My freind sent me thise picture and he is asking to which age this currency belong
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Why did some colonies of the British Empire have their own currencies?

For example, South Africa used the South African pound; Canada used the Canadian pound/dollar; Singapore, Brunei, and Malaysia used the Malaya and British Borneo dollar. Why did they not use the ...
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What is the origin of currency signs being placed before the numerical value?

For most units, they symbol/abbreviation is placed after the number: 200 m, 75° F, 60 mph, 100 watts, etc. When stating values of money, such as $500, the dollar sign is placed before the number. ...
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What was the first electronic creation of money?

What was the first electronic creation of money? There seems to be some confusion as to what I'm asking. I read about quantitative easing and as far as I can tell that's something different. I'm not ...
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Reichsmark value

I've recently been left a lot of currency from my grandfather who fought in WWII. Among a lot of Greek and Russian notes, I have received a Reichsmark for the value of 100,000. Would anyone be ...
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List of Roman Imperial Coins ~0 CE/AD

I'm trying to find a list of Roman Imperial Coins that were used around 0 CE/AD. Most of the my searches turn up lots of shopping pages. After sorting through tons of listings, I can find lists that ...
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What coin is this? Arabic: 10 Fulus, over crossed wheat and lead

Years ago (maybe 15), my grandfather gave me this coin and I have no idea what it is or where it came from. Can anyone help? I'm pretty sure it came from the Middle East (he did a lot of work there ...
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How would British counterfeiting efforts in the revolutionary war have inflated the American currency? [closed]

During the revolutionary war one of the British's espionage tactics was to flood the American market with counterfeit currency to cause mass runaway inflation. But how would that have worked? I don't ...
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What time period did these notes come from?

This may be a bit broad of a question, but as I was going through some old things I found some Japanese monitary bills in varying currencies from I'm guessing around WWII, but I'm not sure. I cannt ...
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Were there established “denominations” for coins of different metals in ancient times? [closed]

Nowadays, the value of a coin doesn't really have any relation to the value of its metal content. However, the earliest metal coins were presumably used because of their inherent value, being made of ...
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How can the value of older currencies be expressed in modern units? How is the conversion rate calculated? [duplicate]

We can pretty often read something like.. "He owned this sum of silver/gold which is equal to this sum of dollars in our time." But how is this calculated? How can you know what a 1000 dollars was in ...
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Is this a Caesar silver coin?

A friend showed me a coin he found a number of years a go, but it is hard to identify if it is a Roman coin. Can someone help me identify when it is from? (images no longer available online at ...
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Did Mesopotamia have coins to represent Gerahs & Minas?

I am doing a project on Mesopotamia and have stumbled upon their currency system. They have Gerahs, Shekels and Minas. These units of currency are referred to by their laws, yet I can only find ...
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During/After the Napoleonic occupation of the Germanic Rhinelands, what happened to the currency in the area?

Did Napoleon bring the French Francs over, or did the (many) local currencies remain in use? I understood that the area's tolls on the river were unified, but have a hard time imagining how exactly ...
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Why was a gold standard not stipulated in the U.S. Constitution? [closed]

It is a known fact that some of the founding fathers wanted to limit the power of the federal government. I have heard it said on the History Channel that one of the ways they did this was by ...
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In the late 18th century, would any of the southwestern area of Germany used Franks instead of their own currency?

While looking up family history I found an old German marriage document which specified a dowry of "1000 Franks." With that, the families in question were from the Suggental/Waldkirch area in what is ...
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Why does US currency have a 25 cent piece and a 20 dollar bill instead of a 20 cent piece or 25 dollar bill?

Why does US currency have a 25 cent piece instead of a 20 cent piece? Why is there a 20 dollar bill instead of a 25 dollar bill? Why aren't both denominations the same, 20 or 25 for both the dollars ...
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What was the official currency used in North Carolina in 1814?

I was surprised to find it stated in the Laws of North Carolina, 1814, Chapter V, Section IX that: a tax to the State of ten pounds shall be paid Does this refer to British pounds? I would have ...
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What did the paper money of the Ilkhanate look like?

In the 1200s the Mongols conquered Persia (and a few other places). The portion of the empire in Persia was known as the Ilkhanate, ruled over by the ilkhan. Influenced by Chinese paper money, the ...
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What is the largest overnight depreciation?

What is the largest overnight currency depreciation? How large, which currency and when? When examining historical records of currency depreciation, it is helpful to have a better understanding of ...
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Were US exports in the early 1800s paid for with metal or with paper?

In the early 1800s, when people in the US exported goods to Europe, how were those goods paid for? What did the buyers actually send back on ships crossing the Atlantic to pay for the goods? I can ...
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How can prices be compared over time?

I've just asked a question where Tyler Durden wrote in his answer that paper was expensive at Euclids time. So I wanted to ask the question: How did the price of paper / papyrus develop over time?...
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Did the Virginia pound use the pound sign (£)?

During most of the colonial era, Virginia used its own currency, the Virginia pound. Today, the pound sign (£) is used to designate the British pound as well as other "pound" currencies. Was the ...
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What factors led to the 30% devaluation of pound sterling in 1949?

In 1949, Britain devalued the pound sterling by 30%. This was a major world economic event given that the pound was and still is one of the major currencies in the world. In fact, 9 other countries ...
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What was the currency in use in Palestine shortly before and during WWI?

Wikipedia lists the following Ottoman currencies: Akçe, Para, Kuruş, Lira, Sultanî, but I would like to now which were prevalent in actual use (or, rather, uses). Also, such a variety suggests that ...
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How did shells, bones, and other trinkets work as currency?

One often hears stories about civilised and pre-civilised societies using shells, bones, and other trinkets as currency. How exactly did this system work? Taking the example of shells, did they have ...
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How much has U.S. currency inflated since 1792?

How much has U.S. currency inflated since the Coinage Act of 1792 established the U.S. Mint? Adjusting for inflation, what amount of modern currency would have the same buying power as a 1792 dollar? ...
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What coin denominations were used in the US before Dollars and Cents?

In Thomas Jefferson's proposal for a decimal currency, he describes the status quo as: The [cent] will differ little from the copper of the four Eastern States, which is 1/108 of a dollar; still ...
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Why did the British not introduce the sterling in India?

The question is about the adoption of currency during imperialist rule. Why did the British persist with the local currency, the rupee? What impediments did the British face in implementing the ...
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What were tally sticks?

What were tally sticks, and how was it that they they worked for the economy? I understand that they were a form of currency and were of fixed value based on the notches, but how did they work as a ...
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First evidence for replacement of barter trade by local abstract currency?

What were the first local currency systems in history we have detailed information on? I dont think it was gold/silver or other hard to produce materials. Probably these became more important ...