Articles of category "Coin boutique"

The occurrence of a metal coin has considerably facilitated by the world's economic development all over the world. Earlier, gifts various goods of gold and bars silver, ornaments, and cattle served as money. Barter relations slowed down and broke the economy and monetary relations considerably. Stamping coins in a specialized and official body became a very important stage of the political and social development in society. The first coins appeared at the time of classical antiquity at the end of the 8th century and at the start of the 7th century BC.

Mints have practically appeared at the same time as the origin of the coin did. According to the standards, a mint is the enterprise in the state that specializes in stamping coins, the manufacturing of medals, awards, and other medal distinctions. The first mint was founded by the ancient Romans in the temple of the goodness of Juno-coin. So, as the historians assume the term coin dates back to this time. In the Middle Ages, mints coined only money when they were used in the treasury. As time has passed, the function of a mint has changed.