History of Coins
Friends, today we are going to tell you the story of Coins Coin which has been an important part of buying and selling in human life since the beginning. The circulation of notes has started to be more than the last 50-60 years, but before that only barter was used on the basis of Coins coins. Coins had different importance in every country and rulers of every country used to put their image on coins to show their dominance in their subjects. Over time, coins have been integrated. The coins of the provinces were closed in the coins of the state and then later the coins of the provinces were turned into national coins. Let us first tell you how Coins coins originated.
Many years ago, coins did not exist because people used to trade on the basis of barter. In exchange of goods, people used to live by exchanging goods. Just like the exchange of grain, gold and silver in exchange of grocery goods used to be such barter, in those times people used to get food in exchange for wages. In many countries, state tax was also given as grain. In Rome, by the fifth century BCE, people usually paid sheep and paid royalty.
History of Coins
Gradually, when economic life started developing, man realized that the barter system cannot work. That is why people seem to need something that is acceptable, whose value is fixed and by which man can take anything he wants. For this purpose, the medium of transaction was created, which is called “coin”. The word coin is derived from the word “moist” of Assyria. The coin was not initially made of metal. It was different in different eras and in different countries.
In some countries, coins were made from the hair and leather of pets and animals. Cow and ox and sheep were the main “coins” in agricultural countries. All these rates were fixed. For example, in ancient Rome, an ox could be bought by giving ten sheep. After this, items of salt, tea, coconut, dates, tobacco, olive oil, cloth, coal, rubber, etc. were made the medium of exchange. That means these items could be bought and sold by coins.
History of Coins
India made a penny coin. Cowrie is found more in the Indian Ocean only. This coin was first introduced in countries of Asia, then in Africa, Europe, America etc. In different languages, it was known by the name of Kauri that foreigners had taken this thing from India itself. In English, it was called the Krawari, the Kouris in the French, the Kouris in Roman, the Kouris in Germany and the Kouris in Russian.
Kauri is the most ancient currency of India. Bhaskaracharya mentions Kauri as the currency in his book “Lilavati“. She was given to the Pandits in Dakshina. A few years ago, the penny was accepted as currency. In pilgrimage centers, beggars were distributed to beggars. From 1840, there was a rupee of 2400 caudas. After that, at first its value decreased and later it increased. Now the cowrie gets very expensive prices. By the middle of the 19th century in many parts of Africa, it was the main currency. The annual income of a king there was three crores, where it was called “Kundi”.
Appropriate means of exchange did not prove satisfactory, so there is a need for something which is useful, is less and difficult to meet, is solid and durable and is convenient for everyone to identify and take. All these qualities were found in the metal itself, so it was made the medium of exchange. Therefore, instead of all other coins, the coin of the same was frozen. Initially, metal coins were not like the coins of today. Coins were used for their simple pieces or with small metal rods and nails.
Some experts are of the opinion that about 3000 years ago, China introduced a metal coin. Aristotle wrote that iron was used for this in China and Japan. Silver was prevalent in Greece. First pieces of brass went to Rome, then silver started to be used from 269 BC. Some copper or gold was also used.
These metal blocks were not of the same size-type, so it was difficult to calculate and calculate their purity and measurement. To overcome this difficulty, it was considered necessary to divide the metal blocks into smaller sizes of the same size and weight and to determine their value and to put a mark on them, so that their exact value and Somebody’s right to be informed about their circulation.
Highlighted pieces of such metal can be authenticated and accepted when the state is made and run. Therefore, the king of various countries started making coins like gold, silver, copper and brass. All of them used to mark their different state and ethnic religious symbols, names and values. In each country only the coin of the king could run there. This right of the king was considered so important that coinage became the symbol of dominance.
Every independent king used to use his special marked posture to prove his authority. Only the independent government of a country had the right to create and propagate currency. At this time, the stamps of different names and forms were prevalent in different countries. Such as the ruble in Russia, the dollar in America, the pound in England, the franc in France, the lira in Italy, the mark in Germany and the rupee in India.
So friends, this is the story of the origin of coins. Now in the next part we will tell you the story of Coins ancient coins and modern coins started in different countries. Then you should express your views on this post and keep reading other posts.
History of Coins