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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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What did Canadians use to pay for goods or services between 1871 and 1935?

If Google is correct, the Canadian Government established the Canadian dollar as the national currency in 1871. But it wasn't until 1935 when the Bank of Canada issued the first banknotes. So when did ...
Robert Achmann's user avatar
3 votes
1 answer
1k views

How much did food cost in Babylon?

I read recently some limited information about Babylon, and it doesn't sound right to me, so I thought I'd ask. I saw from one source that the wages for one year of unskilled labor may have been about ...
Patrick O'Brien's user avatar
5 votes
1 answer
954 views

Were North African silver certificates actually printed in 1935?

The U.S. government printed special silver certificates (U.S. Banknotes) with yellow seals (instead of red or blue seals) so if the North African campaign failed, we could devalue those notes after ...
viggity's user avatar
  • 161
10 votes
1 answer
3k views

What's the reason behind the 17th century tradition of British monarchs being depicted on coins facing in the opposite direction to their predecessor?

I have just been informed that on Britain's new currency King Charles III will be depicted facing the opposite direction from Queen Elizabeth II. There are plenty of articles on google claiming to ...
John Strachan's user avatar
4 votes
2 answers
557 views

What was 250,000 rubles worth in 1918?

Circa 1918, during the Ukrainian War of Independence and the Russian Revolution, Nestor Makhno's army expropriated 250,000 rubles from a bank, per Skirda 2004. Is there a way to contextualize the size/...
Wolf's user avatar
  • 175
6 votes
1 answer
305 views

Which is the oldest, still current, government debt?

(Not sure if this belongs to politics or history). Which is the oldest, still current, government debt? The answer of course depends on definitions since debts usually are "rolled over" at ...
d-b's user avatar
  • 1,778
1 vote
3 answers
646 views

Was the US dollar, the Soviet reserve currency too?

Was the Soviet rouble also backed by the US dollar, which was the global reserve currency at the time? I remember reading something about Soviets taking aid from the US, in the 1970s, after Soviet ...
Qasim's user avatar
  • 127
22 votes
7 answers
8k views

How confusing was British currency compared to decimal currency circa 1850?

This question quotes Terry Pratchett's claim: The British resisted decimalized currency for a long time because they thought it was too complicated. Is this a fair comparison with its inference that ...
Pieter Geerkens's user avatar
9 votes
3 answers
3k views

Has there ever been a case where a country adopted the currency of another country with a smaller economy?

Sometimes sovereign nations abandon their currencies (partially or fully) and adopt the currency of another state. For example, the currency of El Salvador was replaced by the United States dollar in ...
jo4l5's user avatar
  • 115
3 votes
1 answer
121 views

When did $10,000 banknotes become available to the public in the British colonies of South East Asia?

When did $10,000 banknotes start to circulate publicly in the British colonies (colonies, crown colonies, "protected states", "protectorates") of South East Asia? The Straits ...
Flux's user avatar
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20 votes
4 answers
998 views

Why did the USSR have two sources of currency?

An inscription on the 1, 3, and 5 rubles notes says that it is a State Treasury Note (Государственный Казначейский Билет), and that it is guaranteed by the entire property of the Union of SSR (...
user58697's user avatar
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3 votes
1 answer
408 views

What events led to the Aztecs and Mayans adopting cocoa beans as a currency?

I read how the Aztec Empire and the Mayans used cocoa beans as a currency but bartered before hand. I know records for these civilizations are rare, but do we have any record of certain historical ...
Tyler Mc's user avatar
  • 801
31 votes
2 answers
7k views

Please help identify these old coins found in Germany?

We found these two identical coins in our garden (near Wuerzburg, lower Franconia / northern Bavaria): Coin side A: coat-of-arms of sorts: (the scale units are centimetres / millimetres) Coin Side ...
FrankH.'s user avatar
  • 421
27 votes
1 answer
12k views

How did people cut "pieces of eight"?

The Spanish silver peso was a very common coin consisting of "fine quality silver, assayed at .931 or .916," according to CoinWeek. Under some circumstances one peso coins, worth eight reales, would ...
Aaron Brick's user avatar
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1 vote
1 answer
277 views

How could I determine the value of a a 1921 Yuan Shikai Chinese silver dollar? [closed]

I have a 1921 Yuan Shikai Chinese silver dollar. What is the history of this coin, and how could I determine the worth/value of my coin?
Logan Cooke's user avatar
1 vote
0 answers
65 views

Is the Disme or the Flowing Hair Dollar the considered the first official U.S coin?

The disme was first minted in 1792 but later turned in to dime with that being said the flowing hair dollar was first minted in 1794 which its size and weight were based on the Spanish dollar, vs the ...
Logan Cooke's user avatar
9 votes
3 answers
1k views

At what point after the war did Confederate money begin to attain value again?

At the start of the U.S. Civil War, the Confederate States of America began to print their own money. Almost immediately it began to lose value due to inflation (except in 1864). By the end of the ...
wardr's user avatar
  • 190
7 votes
3 answers
2k views

How did the Mesopotamian clay tokens known as bulla actually work to maintain authenticity?

I've read many articles about them using clay tokens to ensure some authenticity of transactions, called Bulla, but I can't find any information about how they actually work. Can anyone clarify? It ...
NibblyPig's user avatar
  • 425
3 votes
1 answer
3k views

What were the types of currency used in ancient Mesopotamia?

I noticed there were several types of currency mentioned in the Code of Hammurabi. Shekel, Gur, Gerah, Ka, Mina. When you take into account that some of them could be weight measurements and could be ...
Mindwin Remember Monica's user avatar
0 votes
1 answer
280 views

Was the introduction of paper money controversial like cryptocurrency?

I dont know much about cryptocurrency, but I know it is controversial. There are people on both sides. Is there historical evidence that paper money faced a similar thing? Were there people that ...
Gregor's user avatar
  • 1
9 votes
1 answer
5k views

When did the US colonies/states stop making their own currencies?

This article about the https://en.wikipedia.org/wiki/United_States_dollar#History shows that some of the colonies had their own currencies. It seems from the article that the dollar was around ...
Village's user avatar
  • 1,107
7 votes
1 answer
1k views

How did currency exchange work in the Middle Ages, especially if the coins are not recognized?

According to Wikipedia, there were a wide range of currencies in the Middle Ages: The various Germanic states in the west all had coinages that imitated existing Roman and Byzantine forms. Gold ...
Thunderforge's user avatar
  • 3,037
3 votes
2 answers
455 views

How could the 4/5 devaluation of Franc Poincaré in 1928 end the financial crisis France was going through?

In June 1928, the French government ran by Raymond Poincaré decided to devalue the country's currency by 4/5. Thus, if I understand correctly, it created a new currency called the "Franc Poincaré" ...
David Geismar's user avatar
58 votes
4 answers
15k views

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 ...
Aaron Brick's user avatar
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3 votes
1 answer
2k views

Need help identifying 2 old coins? Struck coins, one with two standing human figures facing each other

Can anyone tell me what these 2 coins are ? How can I safely clean them?
Leanna's user avatar
  • 39
3 votes
1 answer
1k views

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 ...
Ryan's user avatar
  • 133
24 votes
2 answers
3k views

When and where were the first coins made showing the currency or a face value?

According to this article Origin and Evolution of Money, coins ...for many centuries...were guaranteed by their intrinsic value, that is to say, by the trade value of the metal used in their ...
Lars Bosteen's user avatar
-4 votes
2 answers
1k views

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 ...
WaterBearer's user avatar
21 votes
3 answers
3k views

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 ...
Sebastian Lenartowicz's user avatar
2 votes
1 answer
219 views

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 ...
user69715's user avatar
  • 7,090
1 vote
1 answer
371 views

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 ...
Flux's user avatar
  • 1,311
17 votes
2 answers
3k views

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.
yaymuffins's user avatar
3 votes
2 answers
5k views

How could the Roman sestertii/sesterces be converted into modern terms (say 2017 US$)? [closed]

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 ...
user avatar
5 votes
1 answer
516 views

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., ...
Dohn Joe's user avatar
  • 1,747
6 votes
2 answers
1k views

Can you tell me about this coin? श्री महेन्द्र वीर विक्रम शाहदेव 2012. i.e in English Sri Mahendra Bir Bikram Shah Dev 2012

This is a photo of both sides of the coin.
B.Rowan's user avatar
  • 61
5 votes
4 answers
2k views

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, ...
nbkhope's user avatar
  • 151
0 votes
2 answers
196 views

To which age this currency belong?

My freind sent me thise picture and he is asking to which age this currency belong
Mr.lock's user avatar
  • 1,071
9 votes
2 answers
2k views

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 ...
Flux's user avatar
  • 1,311
11 votes
1 answer
623 views

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. ...
DrZ214's user avatar
  • 17.3k
-1 votes
1 answer
231 views

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 ...
DrZ214's user avatar
  • 17.3k
2 votes
2 answers
11k views

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 ...
Annabel Moorhouse's user avatar
1 vote
1 answer
633 views

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 ...
Tgwizman's user avatar
  • 113
10 votes
1 answer
2k views

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 ...
Kyle Roode's user avatar
2 votes
1 answer
247 views

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 ...
David says Reinstate Monica's user avatar
8 votes
1 answer
491 views

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 ...
Morella Almånd's user avatar
-2 votes
1 answer
137 views

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 ...
Era's user avatar
  • 97
8 votes
2 answers
911 views

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 ...
Uk rain troll's user avatar
1 vote
1 answer
501 views

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 ...
Terry's user avatar
  • 251
1 vote
2 answers
1k views

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 ...
GenuinePlaceholder's user avatar
7 votes
1 answer
186 views

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 ...
user2813274's user avatar