Portal:Numismatics

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The Numismatics Portal

Electrum coin from Ephesus, 520-500 BCE. Obverse: Forepart of stag. Reverse: Square incuse punch

Numismatics is the study or collection of currency, including coins, tokens, paper money, medals and related objects.

Specialists, known as numismatists, are often characterized as students or collectors of coins, but the discipline also includes the broader study of money and other means of payment used to resolve debts and exchange goods.

The earliest forms of money used by people are categorised by collectors as "odd and curious", but the use of other goods in barter exchange is excluded, even where used as a circulating currency (e.g., cigarettes or instant noodles in prison). As an example, the Kyrgyz people used horses as the principal currency unit, and gave small change in lambskins; the lambskins may be suitable for numismatic study, but the horses are not.[dubious – discuss] Many objects have been used for centuries, such as cowry shells, precious metals, cocoa beans, large stones, and gems. (Full article...)

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  • Image 1 A 1936 George V penny The British penny (1⁄240 of a pound sterling), a large, pre-decimal coin which continued the series of pennies which began in about the year 700, was struck intermittently during the 20th century until its withdrawal from circulation after 1970. From 1901 to 1970, the obverse ("heads" side) of the bronze coin depicted the monarch who was reigning at the start of the year. The reverse, which featured an image of Britannia seated with shield, trident, and helm, was created by Leonard Charles Wyon based on an earlier design by his father, William Wyon. The coins were also used in British colonies and dominions that had not issued their own coins. In 1895 the design on the reverse was modified by the Engraver of the Royal Mint George William de Saulles and after Queen Victoria's death in 1901, de Saulles was called upon to create a design for the obverse which would feature Edward VII. This feature appeared on the version of the penny which went into circulation in 1902, and it remained in circulation until the year of Edward's death, 1910. An obverse version of the penny designed by Sir Bertram Mackennal and depicting George V went into circulation in 1911, and it remained in circulation with some modifications until the year of the king's death, 1936. No new pennies were produced for commerce in 1933, because a sufficient number were already in circulation, but at least seven were struck that year, mostly for placement beneath foundation stones and in museums; today they are valuable. Edward VIII's short reign is only represented by a single pattern coin, dated 1937. That year, a new obverse design by Humphrey Paget which depicted George VI went into use. From 1941 to 1943, during the Second World War, pennies were only struck for the colonies; these are all dated 1940 which was the most recent year of production in the United Kingdom. After the war, demand for the penny began to diminish. Most of the 1950 and 1951 pieces were sent to Bermuda, where many of them were retrieved from circulation and repatriated by British coin dealers because of their relative scarcity. (Full article...)
    Both sides of an old, large British penny dated 1936
    A 1936 George V penny

    The British penny (1⁄240 of a pound sterling), a large, pre-decimal coin which continued the series of pennies which began in about the year 700, was struck intermittently during the 20th century until its withdrawal from circulation after 1970. From 1901 to 1970, the obverse ("heads" side) of the bronze coin depicted the monarch who was reigning at the start of the year. The reverse, which featured an image of Britannia seated with shield, trident, and helm, was created by Leonard Charles Wyon based on an earlier design by his father, William Wyon. The coins were also used in British colonies and dominions that had not issued their own coins.

    In 1895 the design on the reverse was modified by the Engraver of the Royal Mint George William de Saulles and after Queen Victoria's death in 1901, de Saulles was called upon to create a design for the obverse which would feature Edward VII. This feature appeared on the version of the penny which went into circulation in 1902, and it remained in circulation until the year of Edward's death, 1910. An obverse version of the penny designed by Sir Bertram Mackennal and depicting George V went into circulation in 1911, and it remained in circulation with some modifications until the year of the king's death, 1936. No new pennies were produced for commerce in 1933, because a sufficient number were already in circulation, but at least seven were struck that year, mostly for placement beneath foundation stones and in museums; today they are valuable. Edward VIII's short reign is only represented by a single pattern coin, dated 1937. That year, a new obverse design by Humphrey Paget which depicted George VI went into use. From 1941 to 1943, during the Second World War, pennies were only struck for the colonies; these are all dated 1940 which was the most recent year of production in the United Kingdom. After the war, demand for the penny began to diminish. Most of the 1950 and 1951 pieces were sent to Bermuda, where many of them were retrieved from circulation and repatriated by British coin dealers because of their relative scarcity. (Full article...)
  • Image 2 The York County, Maine, Tercentenary half dollar is a 50-cent commemorative coin minted in 1936 to mark the tercentenary (300th anniversary) of the founding of York County, Maine. The obverse shows Brown's Garrison, the fort around which York County was formed, while the reverse depicts the county's arms. A commemorative coin craze in 1936 saw some coins authorized by the United States Congress that were of mainly local significance; the York County issue was one of these. Legislation permitting the half dollar passed Congress without opposition in the first half of 1936. Maine artist Walter H. Rich designed the issue; his work has garnered mixed praise and dislike from numismatic authors. (Full article...)

    The York County, Maine, Tercentenary half dollar is a 50-cent commemorative coin minted in 1936 to mark the tercentenary (300th anniversary) of the founding of York County, Maine. The obverse shows Brown's Garrison, the fort around which York County was formed, while the reverse depicts the county's arms.

    A commemorative coin craze in 1936 saw some coins authorized by the United States Congress that were of mainly local significance; the York County issue was one of these. Legislation permitting the half dollar passed Congress without opposition in the first half of 1936. Maine artist Walter H. Rich designed the issue; his work has garnered mixed praise and dislike from numismatic authors. (Full article...)
  • Image 3 The Stone Mountain Memorial half dollar was an American fifty-cent piece struck in 1925 at the Philadelphia Mint. Its main purpose was to raise money on behalf of the Stone Mountain Confederate Monumental Association for the Stone Mountain Memorial near Atlanta, Georgia. Designed by sculptor Gutzon Borglum, the coin features a depiction of Confederate generals Robert E. Lee and Stonewall Jackson on the obverse and the caption: "Memorial to the Valor of the Soldier of the South" on the reverse. The piece was also originally intended to be in memory of the recently deceased president, Warren G. Harding, but no mention of him appears on the coin. In the early 20th century, proposals were made to carve a large sculpture in memory of General Lee on Stone Mountain, a huge rock outcropping. The owners of Stone Mountain agreed to transfer title on condition the work was completed within 12 years. Borglum, who was, like others involved, a Ku Klux Klan member, was engaged to design the memorial, and proposed expanding it to include a colossal monument depicting Confederate warriors, with Lee, Jackson, and Confederate President Jefferson Davis leading them. (Full article...)

    The Stone Mountain Memorial half dollar was an American fifty-cent piece struck in 1925 at the Philadelphia Mint. Its main purpose was to raise money on behalf of the Stone Mountain Confederate Monumental Association for the Stone Mountain Memorial near Atlanta, Georgia. Designed by sculptor Gutzon Borglum, the coin features a depiction of Confederate generals Robert E. Lee and Stonewall Jackson on the obverse and the caption: "Memorial to the Valor of the Soldier of the South" on the reverse. The piece was also originally intended to be in memory of the recently deceased president, Warren G. Harding, but no mention of him appears on the coin.

    In the early 20th century, proposals were made to carve a large sculpture in memory of General Lee on Stone Mountain, a huge rock outcropping. The owners of Stone Mountain agreed to transfer title on condition the work was completed within 12 years. Borglum, who was, like others involved, a Ku Klux Klan member, was engaged to design the memorial, and proposed expanding it to include a colossal monument depicting Confederate warriors, with Lee, Jackson, and Confederate President Jefferson Davis leading them. (Full article...)
  • Image 4 The Columbia, South Carolina, Sesquicentennial half dollar was a commemorative fifty-cent piece struck by the United States Bureau of the Mint. Designed by Abraham Wolfe Davidson and minted in 1936, it marks the 150th anniversary of the designation of Columbia as South Carolina's state capital. The obverse design depicts Lady Justice holding a sword and scales, standing between South Carolina's Old State House, built in 1790, and the New State House, completed in 1903. The reverse shows the palmetto tree, South Carolina's state symbol, surrounded by 13 stars representing the original Thirteen Colonies, though they may also be intended to represent the Confederate States. (Full article...)

    The Columbia, South Carolina, Sesquicentennial half dollar was a commemorative fifty-cent piece struck by the United States Bureau of the Mint. Designed by Abraham Wolfe Davidson and minted in 1936, it marks the 150th anniversary of the designation of Columbia as South Carolina's state capital.

    The obverse design depicts Lady Justice holding a sword and scales, standing between South Carolina's Old State House, built in 1790, and the New State House, completed in 1903. The reverse shows the palmetto tree, South Carolina's state symbol, surrounded by 13 stars representing the original Thirteen Colonies, though they may also be intended to represent the Confederate States. (Full article...)
  • Image 5 The Lewis and Clark Exposition Gold dollar is a commemorative coin that was struck in 1904 and 1905 as part of the United States government's participation in the Lewis and Clark Centennial Exposition, held in the latter year in Portland, Oregon. Designed by United States Bureau of the Mint Chief Engraver Charles E. Barber, the coin did not sell well and less than a tenth of the authorized mintage of 250,000 was issued. The Lewis and Clark Expedition, the first European-American overland exploring party to reach the Pacific Coast, was led by Meriwether Lewis and William Clark, following the Louisiana Purchase of 1803. Between 1804 and 1806, its members journeyed from St. Louis to the Oregon coast and back, providing information and dispelling myths about the large area acquired by the United States in the Purchase. The Portland fair commemorated the centennial of that trip. (Full article...)

    The Lewis and Clark Exposition Gold dollar is a commemorative coin that was struck in 1904 and 1905 as part of the United States government's participation in the Lewis and Clark Centennial Exposition, held in the latter year in Portland, Oregon. Designed by United States Bureau of the Mint Chief Engraver Charles E. Barber, the coin did not sell well and less than a tenth of the authorized mintage of 250,000 was issued.

    The Lewis and Clark Expedition, the first European-American overland exploring party to reach the Pacific Coast, was led by Meriwether Lewis and William Clark, following the Louisiana Purchase of 1803. Between 1804 and 1806, its members journeyed from St. Louis to the Oregon coast and back, providing information and dispelling myths about the large area acquired by the United States in the Purchase. The Portland fair commemorated the centennial of that trip. (Full article...)
  • Image 6 The Pilgrim Tercentenary half dollar or Pilgrim half dollar was a commemorative fifty-cent coin struck by the United States Bureau of the Mint in 1920 and 1921 to mark the 300th anniversary (tercentenary) of the arrival of the Pilgrims in North America. It was designed by Cyrus E. Dallin. Massachusetts Congressman Joseph Walsh was involved in joint federal and state efforts to mark the anniversary. He saw a reference to a proposed Maine Centennial half dollar and realized that a coin could be issued for the Pilgrim anniversary in support of the observances at Plymouth, Massachusetts. The bill moved quickly through the legislative process and became the Act of May 12, 1920. (Full article...)

    The Pilgrim Tercentenary half dollar or Pilgrim half dollar was a commemorative fifty-cent coin struck by the United States Bureau of the Mint in 1920 and 1921 to mark the 300th anniversary (tercentenary) of the arrival of the Pilgrims in North America. It was designed by Cyrus E. Dallin.

    Massachusetts Congressman Joseph Walsh was involved in joint federal and state efforts to mark the anniversary. He saw a reference to a proposed Maine Centennial half dollar and realized that a coin could be issued for the Pilgrim anniversary in support of the observances at Plymouth, Massachusetts. The bill moved quickly through the legislative process and became the Act of May 12, 1920. (Full article...)
  • Image 7 The Franklin half dollar is a coin that was struck by the United States Mint from 1948 to 1963. The fifty-cent piece pictures Founding Father Benjamin Franklin on the obverse and the Liberty Bell on the reverse. A small eagle was placed to the right of the bell to fulfill the legal requirement that half dollars depict the figure of an eagle. Produced in 90 percent silver with a reeded edge, the coin was struck at the Philadelphia, Denver, and San Francisco mints. Mint director Nellie Tayloe Ross had long admired Franklin, and wanted him to be depicted on a coin. In 1947, she instructed her chief engraver, John R. Sinnock, to prepare designs for a Franklin half dollar. Sinnock's designs were based on his earlier work, but he died before their completion. The designs were completed by Sinnock's successor, Gilroy Roberts. The Mint submitted the new designs to the Commission of Fine Arts ("Commission") for its advisory opinion. The Commission disliked the small eagle and felt that depicting the crack in the Liberty Bell would expose the coinage to jokes and ridicule. Despite the Commission's disapproval, the Mint proceeded with Sinnock's designs. (Full article...)

    The Franklin half dollar is a coin that was struck by the United States Mint from 1948 to 1963. The fifty-cent piece pictures Founding Father Benjamin Franklin on the obverse and the Liberty Bell on the reverse. A small eagle was placed to the right of the bell to fulfill the legal requirement that half dollars depict the figure of an eagle. Produced in 90 percent silver with a reeded edge, the coin was struck at the Philadelphia, Denver, and San Francisco mints.

    Mint director Nellie Tayloe Ross had long admired Franklin, and wanted him to be depicted on a coin. In 1947, she instructed her chief engraver, John R. Sinnock, to prepare designs for a Franklin half dollar. Sinnock's designs were based on his earlier work, but he died before their completion. The designs were completed by Sinnock's successor, Gilroy Roberts. The Mint submitted the new designs to the Commission of Fine Arts ("Commission") for its advisory opinion. The Commission disliked the small eagle and felt that depicting the crack in the Liberty Bell would expose the coinage to jokes and ridicule. Despite the Commission's disapproval, the Mint proceeded with Sinnock's designs. (Full article...)
  • Image 8 The Shield nickel was the first United States five-cent piece to be made out of copper-nickel, the same alloy of which American nickels are struck today. Designed by James B. Longacre, the coin was issued from 1866 until 1883, when it was replaced by the Liberty Head nickel. The coin takes its name from the motif on its obverse, and was the first five-cent coin referred to as a "nickel"—silver pieces of that denomination had been known as half dimes. Silver half dimes had been struck from the early days of the United States Mint in the late 18th century. Those disappeared from circulation, along with most other coins, in the economic turmoil of the Civil War. In 1864, the Mint successfully introduced low-denomination coins, whose intrinsic worth did not approach their face value. Industrialist Joseph Wharton advocated coins containing nickel—a metal in which he had significant financial interests. When the Mint proposed a copper-nickel five-cent piece, Congress required that the coin be heavier than the Mint had suggested, allowing Wharton to sell more of the metal to the government. (Full article...)

    The Shield nickel was the first United States five-cent piece to be made out of copper-nickel, the same alloy of which American nickels are struck today. Designed by James B. Longacre, the coin was issued from 1866 until 1883, when it was replaced by the Liberty Head nickel. The coin takes its name from the motif on its obverse, and was the first five-cent coin referred to as a "nickel"—silver pieces of that denomination had been known as half dimes.

    Silver half dimes had been struck from the early days of the United States Mint in the late 18th century. Those disappeared from circulation, along with most other coins, in the economic turmoil of the Civil War. In 1864, the Mint successfully introduced low-denomination coins, whose intrinsic worth did not approach their face value. Industrialist Joseph Wharton advocated coins containing nickel—a metal in which he had significant financial interests. When the Mint proposed a copper-nickel five-cent piece, Congress required that the coin be heavier than the Mint had suggested, allowing Wharton to sell more of the metal to the government. (Full article...)
  • Image 9 The Norse-American medal was struck at the Philadelphia Mint in 1925, pursuant to an act of the United States Congress. It was issued for the 100th anniversary of the voyage of the ship Restauration, bringing early Norwegian immigrants to the United States. U.S. Representative from Minnesota Ole Juulson Kvale, a Norwegian American, wanted a commemorative for the centennial celebrations of the Restauration journey. Rebuffed by the Treasury Department when he sought the issuance of a special coin, he instead settled for a medal. Sculpted by Buffalo nickel designer James Earle Fraser, the medals recognize those immigrants' Viking heritage, depicting a warrior of that culture on the obverse and his vessel on the reverse. The medals also recall the early Viking explorations of North America. (Full article...)

    The Norse-American medal was struck at the Philadelphia Mint in 1925, pursuant to an act of the United States Congress. It was issued for the 100th anniversary of the voyage of the ship Restauration, bringing early Norwegian immigrants to the United States.

    U.S. Representative from Minnesota Ole Juulson Kvale, a Norwegian American, wanted a commemorative for the centennial celebrations of the Restauration journey. Rebuffed by the Treasury Department when he sought the issuance of a special coin, he instead settled for a medal. Sculpted by Buffalo nickel designer James Earle Fraser, the medals recognize those immigrants' Viking heritage, depicting a warrior of that culture on the obverse and his vessel on the reverse. The medals also recall the early Viking explorations of North America. (Full article...)
  • Image 10 The Maryland Tercentenary half dollar was a commemorative fifty-cent piece issued by the United States Bureau of the Mint in 1934. It depicts Cecil Calvert, 2nd Baron Baltimore on the obverse and the Coat of Arms of Maryland on the reverse. The Maryland Tercentenary Commission sought a coin in honor of the 300th anniversary of the arrival of English settlers in Maryland. The state's two senators introduced legislation for such a piece, and it passed both houses of Congress with no opposition. A design had already been prepared by Professor Hans Schuler; it passed review by the Commission of Fine Arts, though there was controversy then and since over whether Lord Baltimore, a Cavalier and Catholic, would have worn a collar typical of Puritans. (Full article...)

    The Maryland Tercentenary half dollar was a commemorative fifty-cent piece issued by the United States Bureau of the Mint in 1934. It depicts Cecil Calvert, 2nd Baron Baltimore on the obverse and the Coat of Arms of Maryland on the reverse.

    The Maryland Tercentenary Commission sought a coin in honor of the 300th anniversary of the arrival of English settlers in Maryland. The state's two senators introduced legislation for such a piece, and it passed both houses of Congress with no opposition. A design had already been prepared by Professor Hans Schuler; it passed review by the Commission of Fine Arts, though there was controversy then and since over whether Lord Baltimore, a Cavalier and Catholic, would have worn a collar typical of Puritans. (Full article...)
  • Image 11 The Saint-Gaudens double eagle is a twenty-dollar gold coin, or double eagle, produced by the United States Mint from 1907 to 1933. The coin is named after its designer, the sculptor Augustus Saint-Gaudens, who designed the obverse and reverse. It is considered by many to be the most beautiful of U.S. coins. In 1904, President Theodore Roosevelt sought to beautify American coinage, and proposed Saint-Gaudens as an artist capable of the task. Although the sculptor had poor experiences with the Mint and its chief engraver, Charles E. Barber, Saint-Gaudens accepted Roosevelt's call. The work was subject to considerable delays, due to Saint-Gaudens's declining health and difficulties because of the high relief of his design. Saint-Gaudens died in 1907, after designing the eagle and double eagle, but before the designs were finalized for production. (Full article...)

    The Saint-Gaudens double eagle is a twenty-dollar gold coin, or double eagle, produced by the United States Mint from 1907 to 1933. The coin is named after its designer, the sculptor Augustus Saint-Gaudens, who designed the obverse and reverse. It is considered by many to be the most beautiful of U.S. coins.

    In 1904, President Theodore Roosevelt sought to beautify American coinage, and proposed Saint-Gaudens as an artist capable of the task. Although the sculptor had poor experiences with the Mint and its chief engraver, Charles E. Barber, Saint-Gaudens accepted Roosevelt's call. The work was subject to considerable delays, due to Saint-Gaudens's declining health and difficulties because of the high relief of his design. Saint-Gaudens died in 1907, after designing the eagle and double eagle, but before the designs were finalized for production. (Full article...)
  • Image 12 The Kennedy half dollar, first minted in 1964, is a fifty-cent coin issued by the United States Mint. Intended as a memorial to the assassinated 35th president of the United States John F. Kennedy, it was authorized by Congress just over a month after his death. Use of existing works by Mint sculptors Gilroy Roberts and Frank Gasparro allowed dies to be prepared quickly, and striking of the new coins began in January 1964. The silver coins were hoarded upon their release in March 1964 by collectors and those interested in a memento of the late president. Although the Mint greatly increased production, the denomination was seldom seen in circulation. Continued rises in the price of silver increased the hoarding—many early Kennedy half dollars have been melted for their silver content. Starting with 1965-dated coins, the percentage of fine silver was reduced from 90% to 40% (silver clad), but even with this change the coin saw little circulation. (Full article...)

    The Kennedy half dollar, first minted in 1964, is a fifty-cent coin issued by the United States Mint. Intended as a memorial to the assassinated 35th president of the United States John F. Kennedy, it was authorized by Congress just over a month after his death. Use of existing works by Mint sculptors Gilroy Roberts and Frank Gasparro allowed dies to be prepared quickly, and striking of the new coins began in January 1964.

    The silver coins were hoarded upon their release in March 1964 by collectors and those interested in a memento of the late president. Although the Mint greatly increased production, the denomination was seldom seen in circulation. Continued rises in the price of silver increased the hoarding—many early Kennedy half dollars have been melted for their silver content. Starting with 1965-dated coins, the percentage of fine silver was reduced from 90% to 40% (silver clad), but even with this change the coin saw little circulation. (Full article...)
  • Image 13 The Eisenhower dollar is a one-dollar coin issued by the United States Mint from 1971 to 1978; it was the first coin of that denomination issued by the Mint since the Peace dollar series ended in 1935. The coin depicts President Dwight D. Eisenhower on the obverse, and a stylized image honoring the 1969 Apollo 11 Moon mission on the reverse. Both sides were designed by Frank Gasparro, with the reverse based on the mission patch designed by astronaut Michael Collins. It is the only large-size U.S. dollar coin whose circulation strikes contained no silver. In 1965, because of rises in bullion prices, the Mint began to strike copper-nickel clad coins instead of silver. No dollar coins had been issued for thirty years, but, beginning in 1969, legislators sought to reintroduce a dollar coin into commerce. After Eisenhower died that March, there were a number of proposals to honor him with the new coin. While these bills generally commanded wide support, enactment was delayed by a dispute over whether the new dollar coin should be in base metal or 40% silver. In 1970, a compromise was reached to strike the Eisenhower dollar in base metal for circulation, and in 40% silver as a collectible. On December 31, 1970, President Richard Nixon, who had served as vice president under Eisenhower, signed legislation authorizing mintage of the new coin. (Full article...)

    The Eisenhower dollar is a one-dollar coin issued by the United States Mint from 1971 to 1978; it was the first coin of that denomination issued by the Mint since the Peace dollar series ended in 1935. The coin depicts President Dwight D. Eisenhower on the obverse, and a stylized image honoring the 1969 Apollo 11 Moon mission on the reverse. Both sides were designed by Frank Gasparro, with the reverse based on the mission patch designed by astronaut Michael Collins. It is the only large-size U.S. dollar coin whose circulation strikes contained no silver.

    In 1965, because of rises in bullion prices, the Mint began to strike copper-nickel clad coins instead of silver. No dollar coins had been issued for thirty years, but, beginning in 1969, legislators sought to reintroduce a dollar coin into commerce. After Eisenhower died that March, there were a number of proposals to honor him with the new coin. While these bills generally commanded wide support, enactment was delayed by a dispute over whether the new dollar coin should be in base metal or 40% silver. In 1970, a compromise was reached to strike the Eisenhower dollar in base metal for circulation, and in 40% silver as a collectible. On December 31, 1970, President Richard Nixon, who had served as vice president under Eisenhower, signed legislation authorizing mintage of the new coin. (Full article...)
  • Image 14 The Gadsden Purchase half dollar was a proposed commemorative coin to be issued by the United States Bureau of the Mint. Legislation for the half dollar passed both houses of Congress in 1930 but was vetoed by President Herbert Hoover. The House of Representatives sustained his action, 96 votes in favor of overriding it to 243 opposed, well short of the necessary two-thirds majority. This was the first veto of Hoover's presidency and the first ever for a commemorative coin bill. The proposal to commemorate the 1854 congressional ratification of the Gadsden Purchase was the brainchild of El Paso coin dealer Lyman W. Hoffecker, who wanted a commemorative coin he could control and distribute. He gained the support of several members of Congress from Texas and the Southwest, and a bill was introduced in Congress in April 1929, receiving a hearing 11 months later. Treasury Secretary Andrew W. Mellon sent a letter and two officials in opposition to the bill, but it passed both houses of Congress without dissent. On April 21, 1930, Hoover vetoed the bill, deeming commemorative coins abusive. Although only one congressman spoke in favor of Hoover's action during the override debate in the House, the veto was easily sustained. (Full article...)
    The Gadsden Purchase half dollar was a proposed commemorative coin to be issued by the United States Bureau of the Mint. Legislation for the half dollar passed both houses of Congress in 1930 but was vetoed by President Herbert Hoover. The House of Representatives sustained his action, 96 votes in favor of overriding it to 243 opposed, well short of the necessary two-thirds majority. This was the first veto of Hoover's presidency and the first ever for a commemorative coin bill.

    The proposal to commemorate the 1854 congressional ratification of the Gadsden Purchase was the brainchild of El Paso coin dealer Lyman W. Hoffecker, who wanted a commemorative coin he could control and distribute. He gained the support of several members of Congress from Texas and the Southwest, and a bill was introduced in Congress in April 1929, receiving a hearing 11 months later. Treasury Secretary Andrew W. Mellon sent a letter and two officials in opposition to the bill, but it passed both houses of Congress without dissent. On April 21, 1930, Hoover vetoed the bill, deeming commemorative coins abusive. Although only one congressman spoke in favor of Hoover's action during the override debate in the House, the veto was easily sustained. (Full article...)
  • Image 15 The Indian Head eagle is a $10 gold piece or eagle that was struck by the United States Mint continuously from 1907 until 1916, and then irregularly until 1933. The obverse and reverse were designed by sculptor Augustus Saint-Gaudens, originally commissioned for use on other denominations. He was suffering from cancer and did not survive to see the coins released. Beginning in 1904, President Theodore Roosevelt proposed new, more artistic designs on US coins, prompting the Mint to hire Saint-Gaudens to create them. Roosevelt and Saint-Gaudens at first considered a uniform design for the four denominations of coins which were struck in gold, but in 1907 Roosevelt decided to use a model for the obverse of the eagle that the sculptor had meant to use for the cent. For the reverse of the $10 coin, the President decided on a design featuring a standing bald eagle that had been developed for the Saint-Gaudens double eagle $20 coin, while the obverse features a left-facing bust of Liberty wearing an Indian feather headdress. (Full article...)

    The Indian Head eagle is a $10 gold piece or eagle that was struck by the United States Mint continuously from 1907 until 1916, and then irregularly until 1933. The obverse and reverse were designed by sculptor Augustus Saint-Gaudens, originally commissioned for use on other denominations. He was suffering from cancer and did not survive to see the coins released.

    Beginning in 1904, President Theodore Roosevelt proposed new, more artistic designs on US coins, prompting the Mint to hire Saint-Gaudens to create them. Roosevelt and Saint-Gaudens at first considered a uniform design for the four denominations of coins which were struck in gold, but in 1907 Roosevelt decided to use a model for the obverse of the eagle that the sculptor had meant to use for the cent. For the reverse of the $10 coin, the President decided on a design featuring a standing bald eagle that had been developed for the Saint-Gaudens double eagle $20 coin, while the obverse features a left-facing bust of Liberty wearing an Indian feather headdress. (Full article...)
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A banknote of 5 Dragon dollars issued in 1907 by the Kiangnan Yu-Ning Government Bank for circulation in the Jiangnan region.

The paper money of the Qing dynasty (Traditional Chinese: 清朝鈔票) was periodically used alongside a bimetallic coinage system of copper-alloy cash coins and silver sycees; paper money was used during different periods of Chinese history under the Qing dynasty, having acquired experiences from the prior Song, Jin, Yuan, and Ming dynasties which adopted paper money but where uncontrolled printing led to hyperinflation. During the youngest days of the Qing dynasty paper money was used but this was quickly abolished as the government sought not to repeat history for a fourth time; however, under the reign of the Xianfeng Emperor, due to several large wars and rebellions (most notably the Taiping Rebellion), the Qing government was forced to issue paper money again.

The reason why the government was forced to reform the imperial monetary system with a very complex system during the Taiping Rebellion was because the rebels had blocked the access of mint metals from the southwest of China, but more money was still needed to fight the ongoing insurgency. The advisors of the Xianfeng Emperor not only introduced copper-alloy cash coins with higher denominations than one, as well as introducing new cash coins made of metals other than brass, but also revived paper money in the shape of the Xianfeng baochao (咸豐寶鈔). Quite important for the war effort is the fact that the imperial Qing government earned some revenue by issuing these new types of currencies. (Full article...)
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Credit: User:Marshman
Yap stone money at the village of Gachpar on Yap.

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Newfoundland 2 dollar coin
Reverse, Newfounland two dollars
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The back of an Italian florin coin
The Florentine florin was a gold coin (in Italian Fiorino d'oro) struck from 1252 to 1533 with no significant change in its design or metal content standard during that time. It had 54 grains (3.499 grams, 0.1125 troy ounces) of nominally pure or 'fine' gold with a purchasing power difficult to estimate (and variable) but ranging according to social grouping and perspective from approximately 140 to 1,000 modern US dollars. The name of the coin comes from the Giglio bottonato (it), the floral emblem of the city, which is represented at the head of the coin. (Full article...)

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A 1000 Swiss franc note, the fourth highest non-commemorative banknote in the world.

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The following are images from various numismatics-related articles on Wikipedia.
  • Image 1Song dynasty Jiaozi, the world's earliest paper money (from Currency)
    Song dynasty Jiaozi, the world's earliest paper money (from Currency)
  • Image 2Earliest banknote from China during the Song Dynasty which is known as "Jiaozi" (from History of money)
    Earliest banknote from China during the Song Dynasty which is known as "Jiaozi" (from History of money)
  • Punch-marked coin minted in the Kabul Valley under Achaemenid administration. Circa 500–380 BCE, or c.350 BCE.
    Punch-marked coin minted in the Kabul Valley under Achaemenid administration, c. 500–380 BC, or c. 350 BC. (from Coin)
  • Image 4A 7th century one-third stater coin from Lydia, shown larger (from History of money)
    A 7th century one-third stater coin from Lydia, shown larger (from History of money)
  • Image 5The sealing of the Bank of England Charter (1694). The bank began the first permanent issue of banknotes a year later. (from Banknote)
    The sealing of the Bank of England Charter (1694). The bank began the first permanent issue of banknotes a year later. (from Banknote)
  • Image 63 Rubles proof coin of Russia, minted in 2008 (from Coin)
    3 Rubles proof coin of Russia, minted in 2008 (from Coin)
  • Image 7The world's oldest coin, created in the ancient Kingdom of Lydia (from Currency)
    The world's oldest coin, created in the ancient Kingdom of Lydia (from Currency)
  • Image 8Obverse and reverse of an old American $100 note (1928) (from Banknote)
    Obverse and reverse of an old American $100 note (1928) (from Banknote)
  • Image 9The first paper money in Europe, issued by the Stockholms Banco in 1666. (from Banknote)
    The first paper money in Europe, issued by the Stockholms Banco in 1666. (from Banknote)
  • Image 10A silver coin made during the reign of the Mughal Emperor Alamgir II (1754-1759) (from Coin)
    A silver coin made during the reign of the Mughal Emperor Alamgir II (1754-1759) (from Coin)
  • Image 11100 USD banknote (from History of money)
    100 USD banknote (from History of money)
  • Image 12A 5 euro note so badly damaged it has been torn in half. The note has later been repaired with tape. (from Banknote)
    A 5 euro note so badly damaged it has been torn in half. The note has later been repaired with tape. (from Banknote)
  • Image 131884 United States trade dollar (from Coin)
    1884 United States trade dollar (from Coin)
  • Image 14Fifty-five-dollar bill in Continental currency; leaf design by Benjamin Franklin, 1779 (from Banknote)
    Fifty-five-dollar bill in Continental currency; leaf design by Benjamin Franklin, 1779 (from Banknote)
  • Image 15Holographic coin from Liberia features the Statue of Liberty (Liberty Enlightening the World) (from Coin)
    Holographic coin from Liberia features the Statue of Liberty (Liberty Enlightening the World) (from Coin)
  • Image 16Bimetallic Egyptian one pound coin featuring King Tutankhamen (from Coin)
    Bimetallic Egyptian one pound coin featuring King Tutankhamen (from Coin)
  • Image 17A 2000 Romanian lei polymer banknote (from Banknote)
    A 2000 Romanian lei polymer banknote (from Banknote)
  • Image 18Shredded and briquetted US dollar notes from the Federal Reserve Bank of New York (approx. 1000 pieces, 1 kg) (from Banknote)
    Shredded and briquetted US dollar notes from the Federal Reserve Bank of New York (approx. 1000 pieces, 1 kg) (from Banknote)
  • Image 19Early punch-marked coins of Gandhara, Taxila-Gandhara region. (from Coin)
    Early punch-marked coins of Gandhara, Taxila-Gandhara region. (from Coin)
  • Image 20Coin of Alyattes of Lydia, c. 620/10–564/53 BC (from Coin)
    Coin of Alyattes of Lydia, c. 620/10–564/53 BC (from Coin)
  • Image 21Coins can be stacked. (from Coin)
    Coins can be stacked. (from Coin)
  • Image 22Silver coin of the Maurya Empire, known as rūpyarūpa, with symbols of wheel and elephant. 3rd century BC (from History of money)
    Silver coin of the Maurya Empire, known as rūpyarūpa, with symbols of wheel and elephant. 3rd century BC (from History of money)
  • Image 23Hoard of mostly Mauryan Empire coins, 3rd century BC (from Coin)
    Hoard of mostly Mauryan Empire coins, 3rd century BC (from Coin)
  • Image 24Marco Polo described the use of early banknotes in China to Medieval Europe in his book, The Travels of Marco Polo. (from Banknote)
    Marco Polo described the use of early banknotes in China to Medieval Europe in his book, The Travels of Marco Polo. (from Banknote)
  • Image 25An oxhide ingot from Crete. Late Bronze Age metal ingots were given standard shapes, such as the shape of an "ox-hide", suggesting that they represented standardized values. (from Coin)
    An oxhide ingot from Crete. Late Bronze Age metal ingots were given standard shapes, such as the shape of an "ox-hide", suggesting that they represented standardized values. (from Coin)
  • Image 26Cowry shells being used as money by an Arab trader (from Currency)
    Cowry shells being used as money by an Arab trader (from Currency)
  • Image 27Shreds of unfit US dollar notes with a typical size of less than 1.5 mm × 16 mm (from Banknote)
    Shreds of unfit US dollar notes with a typical size of less than 1.5 mm × 16 mm (from Banknote)
  • Image 28Greek drachm of Aegina. Obverse: Land turtle. Reverse: ΑΙΓ(INA) and dolphin (from History of money)
    Greek drachm of Aegina. Obverse: Land turtle. Reverse: ΑΙΓ(INA) and dolphin (from History of money)
  • Image 29Bielefeld Germany 25 Mark 1921. Silk Banknote. (from Banknote)
    Bielefeld Germany 25 Mark 1921. Silk Banknote. (from Banknote)
  • Image 30Spade money from the Zhou Dynasty, c. 650–400 BC (from History of money)
    Spade money from the Zhou Dynasty, c. 650–400 BC (from History of money)
  • Image 31Silver stater of Aegina, 550–530 BC. Obv. Sea turtle with large pellets down centre. Rev. incuse square punch with eight sections. (from Coin)
    Silver stater of Aegina, 550–530 BC. Obv. Sea turtle with large pellets down centre. Rev. incuse square punch with eight sections. (from Coin)
  • Image 32Song dynasty Jiaozi, the world's earliest paper money. (from Banknote)
    Song dynasty Jiaozi, the world's earliest paper money. (from Banknote)
  • Image 33The taka was widely used across South Asia during the sultanate period. (from History of money)
    The taka was widely used across South Asia during the sultanate period. (from History of money)
  • Image 34Fed Shreds as souvenir from the Federal Reserve Bank of San Francisco (from Banknote)
    Fed Shreds as souvenir from the Federal Reserve Bank of San Francisco (from Banknote)
  • Image 35A $5 note issued by Citizens Bank of Louisiana in the 1850s. (from Banknote)
    A $5 note issued by Citizens Bank of Louisiana in the 1850s. (from Banknote)
  • Image 36The earliest inscribed coinage: electrum coin of Phanes from Ephesus, 625–600 BC. Obverse: Stag grazing right, ΦΑΝΕΩΣ (retrograde). Reverse: Two incuse punches, each with raised intersecting lines. (from Coin)
    The earliest inscribed coinage: electrum coin of Phanes from Ephesus, 625–600 BC. Obverse: Stag grazing right, ΦΑΝΕΩΣ (retrograde). Reverse: Two incuse punches, each with raised intersecting lines. (from Coin)
  • Image 37Gandharan "bent-bar" punch-marked coin minted under Achaemenid administration, of the type found in large quantities in the Chaman Hazouri and the Bhir Mound hoards. (from Coin)
    Gandharan "bent-bar" punch-marked coin minted under Achaemenid administration, of the type found in large quantities in the Chaman Hazouri and the Bhir Mound hoards. (from Coin)
  • Image 38Athenian coin (c. 500/490–485 BC) discovered in the Shaikhan Dehri hoard in Pushkalavati, Ancient India. This coin is the earliest known example of its type to be found so far east. (from Coin)
    Athenian coin (c. 500/490–485 BC) discovered in the Shaikhan Dehri hoard in Pushkalavati, Ancient India. This coin is the earliest known example of its type to be found so far east. (from Coin)
  • Image 39Russian American Company-issued Alaskan parchment scrip (c. 1852) (from Banknote)
    Russian American Company-issued Alaskan parchment scrip (c. 1852) (from Banknote)
  • Image 40Collage for banknote design with annotations and additions to show proposed changes (figure rather higher so as to allow room for the No.), Bank of Manchester, UK, 1833. On display at the British Museum in London (from Banknote)
    Collage for banknote design with annotations and additions to show proposed changes (figure rather higher so as to allow room for the No.), Bank of Manchester, UK, 1833. On display at the British Museum in London (from Banknote)
  • Image 41Many currencies, such as the Indonesian rupiah, vary the sizes of their banknotes by denomination. This is done so that they may be told apart through touch alone. (from Banknote)
    Many currencies, such as the Indonesian rupiah, vary the sizes of their banknotes by denomination. This is done so that they may be told apart through touch alone. (from Banknote)
  • Image 42French 1992 twenty Franc Tri-Metallic coin (from Coin)
    French 1992 twenty Franc Tri-Metallic coin (from Coin)
  • Image 43A Yuan dynasty printing plate and banknote with Chinese words. (from Banknote)
    A Yuan dynasty printing plate and banknote with Chinese words. (from Banknote)
  • Image 44Five million mark coin (Weimar Republic, 1923). Despite its high denomination, this coin's monetary value dropped to a tiny fraction of a US cent by the end of 1923, substantially less than the value of its metallic content. (from Coin)
    Five million mark coin (Weimar Republic, 1923). Despite its high denomination, this coin's monetary value dropped to a tiny fraction of a US cent by the end of 1923, substantially less than the value of its metallic content. (from Coin)
  • Image 45An American Silver Eagle minted in 2019 (left), an example of a Bullion coin. Its obverse design is based on the older, formerly circulating silver Walking Liberty half dollar (right). (from Coin)
    An American Silver Eagle minted in 2019 (left), an example of a Bullion coin. Its obverse design is based on the older, formerly circulating silver Walking Liberty half dollar (right). (from Coin)
  • Image 46Shredded and briquetted euro banknotes from the Deutsche Bundesbank, Germany (approx. 1 kg) (from Banknote)
    Shredded and briquetted euro banknotes from the Deutsche Bundesbank, Germany (approx. 1 kg) (from Banknote)
  • Image 47A siglos found in the Kabul valley, 5th century BC. Coins of this type were also found in the Bhir Mound hoard. (from Coin)
    A siglos found in the Kabul valley, 5th century BC. Coins of this type were also found in the Bhir Mound hoard. (from Coin)
  • Image 48The Piloncitos are tiny engraved gold coins found in the Philippines, along with barter rings, which are gold ring-like ingots. These barter rings are bigger than softballs in size and are made of pure gold from the Archaic period (c. 10th to 16th century). (from Coin)
    The Piloncitos are tiny engraved gold coins found in the Philippines, along with barter rings, which are gold ring-like ingots. These barter rings are bigger than softballs in size and are made of pure gold from the Archaic period (c. 10th to 16th century). (from Coin)
  • Alexander the Great Tetradrachm from the Temnos Mint
    Alexander the Great Tetradrachm from the Temnos Mint, c. 188–170 BC (from Coin)
  • Image 50Chinese round coins, Eastern Zhou dynasty – Warring States Period, c. 300–220 BC. Four Hua (四化, 30mm, 6.94 g). Legend Yi Si Hua ([City of] Yi Four Hua). (from Coin)
    Chinese round coins, Eastern Zhou dynasty – Warring States Period, c. 300–220 BC. Four Hua (四化, 30mm, 6.94 g). Legend Yi Si Hua ([City of] Yi Four Hua). (from Coin)
  • Image 51The French East India Company issued rupees in the name of Muhammad Shah (1719–1748) for Northern India trade. This was cast in Pondicherry. (from History of money)
    The French East India Company issued rupees in the name of Muhammad Shah (1719–1748) for Northern India trade. This was cast in Pondicherry. (from History of money)
  • Poshumous Alexander the Great tetradrachm from
    Posthumous Alexander the Great tetradrachm from Temnos, Aeolis. Dated 188–170 BC. Obverse: Alexander the Great as Herakles facing right wearing the nemean lionskin. Reverse: Zeus seated on throne to the left holding eagle in right hand and scepter in left; in left field PA monogram and angular sigma above grape vine arching over oinochoe; ALEXANDROU vertical in right field. Reference: Price 1678. (from Coin)
  • Image 53A Swiss ten-cent coin from 1879, similar to the oldest coins still in official use today (from Coin)
    A Swiss ten-cent coin from 1879, similar to the oldest coins still in official use today (from Coin)
  • Image 54Shredded and briquetted US dollar notes from the Federal Reserve Bank of New York (approx. 1000 pieces, 1 kg) (from Banknote)
    Shredded and briquetted US dollar notes from the Federal Reserve Bank of New York (approx. 1000 pieces, 1 kg) (from Banknote)
  • Image 55Name of currency units by country, in Portuguese (from Currency)
    Name of currency units by country, in Portuguese (from Currency)
  • Image 56The Achaemenid Empire Satraps and Dynasts in Asia Minor developed the usage of portraiture from c. 420 BC. Portrait of the Satrap of Lydia, Tissaphernes (c. 445–395 BC). (from Coin)
    The Achaemenid Empire Satraps and Dynasts in Asia Minor developed the usage of portraiture from c. 420 BC. Portrait of the Satrap of Lydia, Tissaphernes (c. 445–395 BC). (from Coin)
  • Image 57When Brazil changed currencies in 1989, the 1000, 5000, and 10,000 cruzados banknotes were overstamped and issued as 1, 5, and 10 cruzados novos banknotes for several months before cruzado novo banknotes were printed and issued. Banknotes can be overstamped with new denominations, typically when a country converts to a new currency at an even, fixed exchange rate (in this case, 1000:1). (from Banknote)
    When Brazil changed currencies in 1989, the 1000, 5000, and 10,000 cruzados banknotes were overstamped and issued as 1, 5, and 10 cruzados novos banknotes for several months before cruzado novo banknotes were printed and issued. Banknotes can be overstamped with new denominations, typically when a country converts to a new currency at an even, fixed exchange rate (in this case, 1000:1). (from Banknote)

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 – 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 – The study of paper money or banknotes.
  • Scripophily – The study and collection of stocks and Bonds.

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See also: Category:Currency lists

Central banks • Currencies • Circulating currencies • Historical currencies • US community currencies • Canadian community currencies • Mints • Motifs on banknotes • Most expensive coins

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Most traded currencies

Most traded currencies by value
Currency distribution of global foreign exchange market turnover[1]
Rank Currency ISO 4217
code 		Symbol or
abbreviation 		Proportion of daily volume Change
(2019–2022)
April 2019 April 2022
1 U.S. dollar USD US$ 88.3% 88.5% Increase 0.2pp
2 Euro EUR € 32.3% 30.5% Decrease 1.8pp
3 Japanese yen JPY ¥ / 円 16.8% 16.7% Decrease 0.1pp
4 Sterling GBP £ 12.8% 12.9% Increase 0.1pp
5 Renminbi CNY ¥ / 元 4.3% 7.0% Increase 2.7pp
6 Australian dollar AUD A$ 6.8% 6.4% Decrease 0.4pp
7 Canadian dollar CAD C$ 5.0% 6.2% Increase 1.2pp
8 Swiss franc CHF CHF 4.9% 5.2% Increase 0.3pp
9 Hong Kong dollar HKD HK$ 3.5% 2.6% Decrease 0.9pp
10 Singapore dollar SGD S$ 1.8% 2.4% Increase 0.6pp
11 Swedish krona SEK kr 2.0% 2.2% Increase 0.2pp
12 South Korean won KRW ₩ / 원 2.0% 1.9% Decrease 0.1pp
13 Norwegian krone NOK kr 1.8% 1.7% Decrease 0.1pp
14 New Zealand dollar NZD NZ$ 2.1% 1.7% Decrease 0.4pp
15 Indian rupee INR ₹ 1.7% 1.6% Decrease 0.1pp
16 Mexican peso MXN MX$ 1.7% 1.5% Decrease 0.2pp
17 New Taiwan dollar TWD NT$ 0.9% 1.1% Increase 0.2pp
18 South African rand ZAR R 1.1% 1.0% Decrease 0.1pp
19 Brazilian real BRL R$ 1.1% 0.9% Decrease 0.2pp
20 Danish krone DKK kr 0.6% 0.7% Increase 0.1pp
21 Polish złoty PLN zł 0.6% 0.7% Increase 0.1pp
22 Thai baht THB ฿ 0.5% 0.4% Decrease 0.1pp
23 Israeli new shekel ILS ₪ 0.3% 0.4% Increase 0.1pp
24 Indonesian rupiah IDR Rp 0.4% 0.4% Steady
25 Czech koruna CZK Kč 0.4% 0.4% Steady
26 UAE dirham AED د.إ 0.2% 0.4% Increase 0.2pp
27 Turkish lira TRY ₺ 1.1% 0.4% Decrease 0.7pp
28 Hungarian forint HUF Ft 0.4% 0.3% Decrease 0.1pp
29 Chilean peso CLP CLP$ 0.3% 0.3% Steady
30 Saudi riyal SAR ﷼ 0.2% 0.2% Steady
31 Philippine peso PHP ₱ 0.3% 0.2% Decrease 0.1pp
32 Malaysian ringgit MYR RM 0.2% 0.2% Steady
33 Colombian peso COP COL$ 0.2% 0.2% Steady
34 Russian ruble RUB ₽ 1.1% 0.2% Decrease 0.9pp
35 Romanian leu RON L 0.1% 0.1% Steady
36 Peruvian sol PEN S/ 0.1% 0.1% Steady
37 Bahraini dinar BHD .د.ب 0.0% 0.0% Steady
38 Bulgarian lev BGN BGN 0.0% 0.0% Steady
39 Argentine peso ARS ARG$ 0.1% 0.0% Decrease 0.1pp
… Other 1.8% 2.3% Increase 0.5pp
Total[a] 200.0% 200.0%

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Sources

  1. ^ Triennial Central Bank Survey Foreign exchange turnover in April 2022 (PDF) (Report). Bank for International Settlements. 27 October 2022. p. 12. Archived (PDF) from the original on 2022-10-27.
  1. ^ The total sum is 200% because each currency trade is counted twice: once for the currency being bought and once for the one being sold. The percentages above represent the proportion of all trades involving a given currency, regardless of which side of the transaction it is on. For example, the US dollar is bought or sold in 88% of all currency trades, while the euro is bought or sold in 31% of all trades.
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