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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 The Morgan dollar is a United States dollar coin minted from 1878 to 1904, in 1921, and beginning again in 2021 as a collectible. It was the first standard silver dollar minted since the passage of the Coinage Act of 1873, which ended the free coining of silver and the production of the previous design, the Seated Liberty dollar. It contained 412.5 Troy grains of 90% pure silver (or 371.25 Troy grains = 24.057 g; 0.7734 ozt of pure silver). The coin is named after its designer, United States Mint Assistant Engraver George T. Morgan. The obverse depicts a profile portrait representing Liberty, modeled by Anna Willess Williams, while the reverse depicts an eagle with wings outstretched. The mint mark, if present, appears on the reverse above between D and O in "Dollar". The dollar was authorized by the Bland–Allison Act. Following the passage of the 1873 act, mining interests lobbied to restore free silver, which would require the Mint to accept all silver presented to it and return it, struck into coin. Instead, the Bland–Allison Act was passed, which required the Treasury to purchase between two and four million dollars' worth of silver at market value to be coined into dollars each month. In 1890, the Bland–Allison Act was repealed by the Sherman Silver Purchase Act, which required the Treasury to purchase 4,500,000 troy ounces (140,000 kg) of silver each month, but only required further silver dollar production for one year. This act, once again, was repealed in 1893. (Full article...)

    The Morgan dollar is a United States dollar coin minted from 1878 to 1904, in 1921, and beginning again in 2021 as a collectible. It was the first standard silver dollar minted since the passage of the Coinage Act of 1873, which ended the free coining of silver and the production of the previous design, the Seated Liberty dollar. It contained 412.5 Troy grains of 90% pure silver (or 371.25 Troy grains = 24.057 g; 0.7734 ozt of pure silver). The coin is named after its designer, United States Mint Assistant Engraver George T. Morgan. The obverse depicts a profile portrait representing Liberty, modeled by Anna Willess Williams, while the reverse depicts an eagle with wings outstretched. The mint mark, if present, appears on the reverse above between D and O in "Dollar".

    The dollar was authorized by the Bland–Allison Act. Following the passage of the 1873 act, mining interests lobbied to restore free silver, which would require the Mint to accept all silver presented to it and return it, struck into coin. Instead, the Bland–Allison Act was passed, which required the Treasury to purchase between two and four million dollars' worth of silver at market value to be coined into dollars each month. In 1890, the Bland–Allison Act was repealed by the Sherman Silver Purchase Act, which required the Treasury to purchase 4,500,000 troy ounces (140,000 kg) of silver each month, but only required further silver dollar production for one year. This act, once again, was repealed in 1893. (Full article...)
  • Image 2 The Lexington–Concord Sesquicentennial half dollar, sometimes the Lexington–Concord half dollar or Patriot half dollar, is a commemorative fifty-cent piece struck by the United States Bureau of the Mint in 1925 in honor of the 150th anniversary of the Battles of Lexington and Concord, which began the American Revolutionary War. It was designed by Chester Beach and features Daniel Chester French's 1874 The Minute Man statue on the obverse. Members of the Massachusetts congressional delegation introduced legislation in 1924 which would provide for a commemorative half dollar for the anniversary. The bill passed both houses of Congress and was signed by President Calvin Coolidge. Beach had to satisfy committees from both Lexington and Concord, and the Commission of Fine Arts passed the design only reluctantly, feeling Beach had been given poor materials to work with. (Full article...)

    The Lexington–Concord Sesquicentennial half dollar, sometimes the Lexington–Concord half dollar or Patriot half dollar, is a commemorative fifty-cent piece struck by the United States Bureau of the Mint in 1925 in honor of the 150th anniversary of the Battles of Lexington and Concord, which began the American Revolutionary War. It was designed by Chester Beach and features Daniel Chester French's 1874 The Minute Man statue on the obverse.

    Members of the Massachusetts congressional delegation introduced legislation in 1924 which would provide for a commemorative half dollar for the anniversary. The bill passed both houses of Congress and was signed by President Calvin Coolidge. Beach had to satisfy committees from both Lexington and Concord, and the Commission of Fine Arts passed the design only reluctantly, feeling Beach had been given poor materials to work with. (Full article...)
  • Image 3 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 4 The Albany Charter half dollar, also known as the Albany-Dongan half dollar or Albany half dollar, is a commemorative half dollar struck by the United States Bureau of the Mint in 1936. It was designed by sculptor Gertrude K. Lathrop, who lived in Albany, New York's state capital. In 1936, Congress approved many commemorative coins for issuance, including some of mostly local significance. These included the Albany piece, wanted by city officials to mark the 250th anniversary of the 1686 grant of its municipal charter by Thomas Dongan, governor of colonial New York. The authorizing bill passed through Congress without opposition, though amendments added protections for coin collectors against abuses seen in earlier commemorative issues. Lathrop's designs have generally been praised: she placed a beaver on one side of the coin, modeled from life (one appears on Albany's city seal) and depicted the persons involved in the grant of the charter on the other. After approval of the designs by the Commission of Fine Arts, the Philadelphia Mint coined 25,013 Albany half dollars in October 1936, including 13 pieces for testing by the Assay Commission. (Full article...)

    The Albany Charter half dollar, also known as the Albany-Dongan half dollar or Albany half dollar, is a commemorative half dollar struck by the United States Bureau of the Mint in 1936. It was designed by sculptor Gertrude K. Lathrop, who lived in Albany, New York's state capital.

    In 1936, Congress approved many commemorative coins for issuance, including some of mostly local significance. These included the Albany piece, wanted by city officials to mark the 250th anniversary of the 1686 grant of its municipal charter by Thomas Dongan, governor of colonial New York. The authorizing bill passed through Congress without opposition, though amendments added protections for coin collectors against abuses seen in earlier commemorative issues. Lathrop's designs have generally been praised: she placed a beaver on one side of the coin, modeled from life (one appears on Albany's city seal) and depicted the persons involved in the grant of the charter on the other. After approval of the designs by the Commission of Fine Arts, the Philadelphia Mint coined 25,013 Albany half dollars in October 1936, including 13 pieces for testing by the Assay Commission. (Full article...)
  • Image 5 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 6 The Indian Head gold pieces or Pratt-Bigelow gold coins were two separate coin series, identical in design, struck by the United States Mint: a two-and-a-half-dollar piece, or quarter eagle, and a five-dollar coin, or half eagle. The quarter eagle was struck from 1908 to 1915 and from 1925–1929. The half eagle was struck from 1908 to 1916, and in 1929. The pieces remain the only US circulating coins with recessed designs. These coins were the last of their denominations to be struck for circulation, ending series that began in the 1790s. President Theodore Roosevelt, from 1904, vigorously advocated new designs for United States coins, and had the Mint engage his friend, the sculptor Augustus Saint-Gaudens, to design five coins (the four gold pieces and the cent) that could be changed without congressional authorization. Before his death in August 1907, Saint-Gaudens completed designs for the eagle ($10 piece) and double eagle, although both required subsequent work to make them fully suitable for coining. (Full article...)

    The Indian Head gold pieces or Pratt-Bigelow gold coins were two separate coin series, identical in design, struck by the United States Mint: a two-and-a-half-dollar piece, or quarter eagle, and a five-dollar coin, or half eagle. The quarter eagle was struck from 1908 to 1915 and from 1925–1929. The half eagle was struck from 1908 to 1916, and in 1929. The pieces remain the only US circulating coins with recessed designs. These coins were the last of their denominations to be struck for circulation, ending series that began in the 1790s.

    President Theodore Roosevelt, from 1904, vigorously advocated new designs for United States coins, and had the Mint engage his friend, the sculptor Augustus Saint-Gaudens, to design five coins (the four gold pieces and the cent) that could be changed without congressional authorization. Before his death in August 1907, Saint-Gaudens completed designs for the eagle ($10 piece) and double eagle, although both required subsequent work to make them fully suitable for coining. (Full article...)
  • Image 7 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 8 The Old Spanish Trail half dollar is a commemorative coin struck by the United States Bureau of the Mint in 1935. The coin was designed by L. W. Hoffecker, a coin dealer, who also was in charge of its distribution. In 1930, President Herbert Hoover vetoed the Gadsden Purchase half dollar bill. Hoffecker had been the moving force behind that effort, and he sought another commemorative coin proposal that he could control if authorizing legislation was passed. He chose the travels of Spanish officer Álvar Núñez Cabeza de Vaca in the early 16th century. Hoffecker took liberties both with the timing of Cabeza de Vaca's travels and their location. For instance, although Hoffecker's hometown of El Paso, Texas, is featured on the coin, Cabeza de Vaca came nowhere near it. All this made little difference to Congress, which passed the Old Spanish Trail coin bill without opposition. It was signed into law by President Franklin D. Roosevelt. (Full article...)

    The Old Spanish Trail half dollar is a commemorative coin struck by the United States Bureau of the Mint in 1935. The coin was designed by L. W. Hoffecker, a coin dealer, who also was in charge of its distribution.

    In 1930, President Herbert Hoover vetoed the Gadsden Purchase half dollar bill. Hoffecker had been the moving force behind that effort, and he sought another commemorative coin proposal that he could control if authorizing legislation was passed. He chose the travels of Spanish officer Álvar Núñez Cabeza de Vaca in the early 16th century. Hoffecker took liberties both with the timing of Cabeza de Vaca's travels and their location. For instance, although Hoffecker's hometown of El Paso, Texas, is featured on the coin, Cabeza de Vaca came nowhere near it. All this made little difference to Congress, which passed the Old Spanish Trail coin bill without opposition. It was signed into law by President Franklin D. Roosevelt. (Full article...)
  • Image 9 The Buffalo nickel or Indian Head nickel is a copper–nickel five-cent piece that was struck by the United States Mint from 1913 to 1938. It was designed by sculptor James Earle Fraser. As part of a drive to beautify the coinage, five denominations of US coins had received new designs between 1907 and 1909. In 1911, Taft administration officials decided to replace Charles E. Barber's Liberty Head design for the nickel, and commissioned Fraser to do the work. They were impressed by Fraser's designs showing a Native American and an American bison. The designs were approved in 1912, but were delayed several months because of objections from the Hobbs Manufacturing Company, which made mechanisms to detect slugs in nickel-operated machines. The company was not satisfied by changes made in the coin by Fraser, and in February 1913, Treasury Secretary Franklin MacVeagh decided to issue the coins despite the objections. (Full article...)

    The Buffalo nickel or Indian Head nickel is a copper–nickel five-cent piece that was struck by the United States Mint from 1913 to 1938. It was designed by sculptor James Earle Fraser.

    As part of a drive to beautify the coinage, five denominations of US coins had received new designs between 1907 and 1909. In 1911, Taft administration officials decided to replace Charles E. Barber's Liberty Head design for the nickel, and commissioned Fraser to do the work. They were impressed by Fraser's designs showing a Native American and an American bison. The designs were approved in 1912, but were delayed several months because of objections from the Hobbs Manufacturing Company, which made mechanisms to detect slugs in nickel-operated machines. The company was not satisfied by changes made in the coin by Fraser, and in February 1913, Treasury Secretary Franklin MacVeagh decided to issue the coins despite the objections. (Full article...)
  • Image 10 The California Pacific International Exposition half dollar, sometimes called the California Pacific half dollar or the San Diego half dollar, is a commemorative fifty-cent piece struck by the United States Bureau of the Mint in 1935 and 1936. Robert Ingersoll Aitken designed the coin. Its obverse depicts Minerva and other elements of the Seal of California; the reverse shows buildings from the California Pacific International Exposition (held 1935–1936), which the coin was issued to honor. Legislation for the half dollar moved through Congress without opposition in early 1935, and Aitken was hired to design it. Once his creation was approved, the San Francisco Mint produced 250,000 coins, but expected sales did not materialize. Left with more than 180,000 pieces they could not sell, the Exposition Commission went back to Congress for further legislation so it could return the unsold pieces and have new coins, dated 1936, hoping for greater sales in the second year of the fair's run. Although the commission was successful in getting the legislation passed, it was less so in selling the coins, and 150,000 1936-dated pieces were returned to the Mint. The coins, of either date, sell in the low hundreds of dollars today. (Full article...)

    The California Pacific International Exposition half dollar, sometimes called the California Pacific half dollar or the San Diego half dollar, is a commemorative fifty-cent piece struck by the United States Bureau of the Mint in 1935 and 1936. Robert Ingersoll Aitken designed the coin. Its obverse depicts Minerva and other elements of the Seal of California; the reverse shows buildings from the California Pacific International Exposition (held 1935–1936), which the coin was issued to honor.

    Legislation for the half dollar moved through Congress without opposition in early 1935, and Aitken was hired to design it. Once his creation was approved, the San Francisco Mint produced 250,000 coins, but expected sales did not materialize. Left with more than 180,000 pieces they could not sell, the Exposition Commission went back to Congress for further legislation so it could return the unsold pieces and have new coins, dated 1936, hoping for greater sales in the second year of the fair's run. Although the commission was successful in getting the legislation passed, it was less so in selling the coins, and 150,000 1936-dated pieces were returned to the Mint. The coins, of either date, sell in the low hundreds of dollars today. (Full article...)
  • Image 11 The American twenty-cent piece is a coin struck from 1875 to 1878, but only for collectors in the final two years. Proposed by Nevada Senator John P. Jones, it proved a failure due to confusion with the quarter, to which it was close in both size and value. In 1874, the newly elected Jones began pressing for a twenty-cent piece, which he stated would alleviate the shortage of small change in the Far West. The bill passed Congress, and Mint Director Henry Linderman ordered pattern coins struck. Linderman eventually decided on an obverse and reverse similar to that of other silver coins. (Full article...)

    The American twenty-cent piece is a coin struck from 1875 to 1878, but only for collectors in the final two years. Proposed by Nevada Senator John P. Jones, it proved a failure due to confusion with the quarter, to which it was close in both size and value.

    In 1874, the newly elected Jones began pressing for a twenty-cent piece, which he stated would alleviate the shortage of small change in the Far West. The bill passed Congress, and Mint Director Henry Linderman ordered pattern coins struck. Linderman eventually decided on an obverse and reverse similar to that of other silver coins. (Full article...)
  • Image 12 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 13 Zerbe c. 1908 Joseph Farran Zerbe (April 16, 1871 – December 25, 1949) was an American coin collector and dealer who was the president of the American Numismatic Association (ANA) in 1908 and 1909. He served as chief numismatist (person responsible for selling government coins) at the World's Fairs in St. Louis (1904), Portland (1905), and San Francisco (1915). Zerbe was born in Tyrone, Pennsylvania, in 1871, and became interested in coins as a child. By the time he was 20, he was running a corner store in Tyrone, alongside involvement in other businesses. He joined the ANA in 1900, and thereafter made his living from coins. Accumulating a major collection of numismatic items, he exhibited them at the fairs and at local banks throughout the U.S. for over 20 years beginning in 1907. The high prices he charged for the commemorative coins issued by the U.S. Mint for the World's Fairs, as well as the fact that some of the coins sank in value after the fairs closed, earned him a reputation among some numismatists as a huckster. (Full article...)

    Zerbe c. 1908

    Joseph Farran Zerbe (April 16, 1871 – December 25, 1949) was an American coin collector and dealer who was the president of the American Numismatic Association (ANA) in 1908 and 1909. He served as chief numismatist (person responsible for selling government coins) at the World's Fairs in St. Louis (1904), Portland (1905), and San Francisco (1915).

    Zerbe was born in Tyrone, Pennsylvania, in 1871, and became interested in coins as a child. By the time he was 20, he was running a corner store in Tyrone, alongside involvement in other businesses. He joined the ANA in 1900, and thereafter made his living from coins. Accumulating a major collection of numismatic items, he exhibited them at the fairs and at local banks throughout the U.S. for over 20 years beginning in 1907. The high prices he charged for the commemorative coins issued by the U.S. Mint for the World's Fairs, as well as the fact that some of the coins sank in value after the fairs closed, earned him a reputation among some numismatists as a huckster. (Full article...)
  • Image 14 The Cleveland Centennial half dollar is a commemorative United States half dollar struck at the Philadelphia Mint in 1936 and 1937, though all bear the earlier date. Sometimes known as the Cleveland Centennial Great Lakes Exposition half dollar, it was issued to mark the 100th anniversary of Cleveland, Ohio, as an incorporated city, and in commemoration of the Great Lakes Exposition, held in Cleveland in 1936. In the mid-1930s, commemorative coins were increasing in value, and Cincinnati businessman Thomas G. Melish, a coin collector, lobbied Congress to authorize several new issues, of which he would be the sole distributor. He was successful with the Cincinnati Musical Center half dollar, from which he profited greatly, and with the Cleveland piece. Brenda Putnam designed the Cleveland coin, which was approved by the Commission of Fine Arts after suggestions by sculptor Lee Lawrie. (Full article...)

    The Cleveland Centennial half dollar is a commemorative United States half dollar struck at the Philadelphia Mint in 1936 and 1937, though all bear the earlier date. Sometimes known as the Cleveland Centennial Great Lakes Exposition half dollar, it was issued to mark the 100th anniversary of Cleveland, Ohio, as an incorporated city, and in commemoration of the Great Lakes Exposition, held in Cleveland in 1936.

    In the mid-1930s, commemorative coins were increasing in value, and Cincinnati businessman Thomas G. Melish, a coin collector, lobbied Congress to authorize several new issues, of which he would be the sole distributor. He was successful with the Cincinnati Musical Center half dollar, from which he profited greatly, and with the Cleveland piece. Brenda Putnam designed the Cleveland coin, which was approved by the Commission of Fine Arts after suggestions by sculptor Lee Lawrie. (Full article...)
  • Image 15 The Mercury dime is a ten-cent coin struck by the United States Mint from late 1916 to 1945. Designed by Adolph Weinman and also referred to as the Winged Liberty Head dime, it gained its common name because the obverse depiction of a young Liberty, identifiable by her winged Phrygian cap, was confused with the Roman god Mercury. Weinman is believed to have used Elsie Stevens, the wife of lawyer and poet Wallace Stevens, as a model. The coin's reverse depicts a fasces, symbolizing unity and strength, and an olive branch, signifying peace. By 1916, the dime, quarter, and half dollar designed by Mint Chief Engraver Charles E. Barber had been struck for 25 years, and could be replaced by the Treasury, of which the Mint is a part, without Congressional authorization. Mint officials were under the misapprehension that the designs had to be changed, and held a competition among three sculptors, in which Barber, who had been in his position for 36 years, also took part. Weinman's designs for the dime and half dollar were selected. (Full article...)

    The Mercury dime is a ten-cent coin struck by the United States Mint from late 1916 to 1945. Designed by Adolph Weinman and also referred to as the Winged Liberty Head dime, it gained its common name because the obverse depiction of a young Liberty, identifiable by her winged Phrygian cap, was confused with the Roman god Mercury. Weinman is believed to have used Elsie Stevens, the wife of lawyer and poet Wallace Stevens, as a model. The coin's reverse depicts a fasces, symbolizing unity and strength, and an olive branch, signifying peace.

    By 1916, the dime, quarter, and half dollar designed by Mint Chief Engraver Charles E. Barber had been struck for 25 years, and could be replaced by the Treasury, of which the Mint is a part, without Congressional authorization. Mint officials were under the misapprehension that the designs had to be changed, and held a competition among three sculptors, in which Barber, who had been in his position for 36 years, also took part. Weinman's designs for the dime and half dollar were selected. (Full article...)
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Seigniorage /ˈseɪnjərɪdʒ/, also spelled seignorage or seigneurage (from Old French seigneuriage 'right of the lord (seigneur) to mint money'), is the difference between the value of money and the cost to produce and distribute it. The term can be applied in two ways:

  • Seigniorage derived from specie (metal coins) is a tax added to the total cost of a coin (metal content and production costs) that a customer of the mint had to pay, and which was sent to the sovereign of the political region.
  • Seigniorage derived from notes is more indirect; it is the difference between interest earned on securities acquired in exchange for banknotes and the cost of printing and distributing the notes.

"Monetary seigniorage" is where sovereign-issued securities are exchanged for newly printed banknotes by a central bank, allowing the sovereign to "borrow" without needing to repay. Monetary seigniorage is sovereign revenue obtained through routine debt monetization, including expansion of the money supply during GDP growth and meeting yearly inflation targets. (Full article...)

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Credit: commons:User:Roger McLassus.
A 1 Hungarian pengő coin, made of aluminium, floating on water, demonstrating its surface tension.

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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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Credit: commons:User:Schutz.
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 1Shredded 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 2A 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 33 Rubles proof coin of Russia, minted in 2008 (from Coin)
    3 Rubles proof coin of Russia, minted in 2008 (from Coin)
  • Image 4Coin 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 5100 USD banknote (from History of money)
    100 USD banknote (from History of money)
  • Image 6An 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)
  • 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 8Collage 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 9Gandharan "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 10Bimetallic Egyptian one pound coin featuring King Tutankhamen (from Coin)
    Bimetallic Egyptian one pound coin featuring King Tutankhamen (from Coin)
  • Image 11Roman sestertius of Nero, c. 54–68 AD (from History of money)
    Roman sestertius of Nero, c. 54–68 AD (from History of money)
  • Image 12A 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 13A 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 14Silver 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 15The 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 16Shreds 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 17The 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 18The 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 19Genoese doppia, 1589 (from History of money)
    Genoese doppia, 1589 (from History of money)
  • Image 20Roman denarius of Julius Caesar, 44 BC (from History of money)
    Roman denarius of Julius Caesar, 44 BC (from History of money)
  • Image 21Shredded 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 22When 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)
  • Image 23The 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)
  • Image 24Hoard of mostly Mauryan Empire coins, 3rd century BC (from Coin)
    Hoard of mostly Mauryan Empire coins, 3rd century BC (from Coin)
  • Image 25Holographic 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 26Genoese scudo, 1541 (from History of money)
    Genoese scudo, 1541 (from History of money)
  • Image 271884 United States trade dollar (from Coin)
    1884 United States trade dollar (from Coin)
  • Image 28Five 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 29A 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 30A $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 31The 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 32Name of currency units by country, in Portuguese (from Currency)
    Name of currency units by country, in Portuguese (from Currency)
  • Image 33The 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 34Chinese 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 35Athenian 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 36Greek 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 37An 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 38Genoese 10 doppie, 1641 (from History of money)
    Genoese 10 doppie, 1641 (from History of money)
  • Image 39Marco 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 40Obverse and reverse of an old American $100 note (1928) (from Banknote)
    Obverse and reverse of an old American $100 note (1928) (from Banknote)
  • Image 41Fed 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 42A 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 43Many 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 44A Yuan dynasty printing plate and banknote with Chinese words. (from Banknote)
    A Yuan dynasty printing plate and banknote with Chinese words. (from Banknote)
  • Image 45Shredded 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)
  • 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 47Silver 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 48Roman aureus of Septimius Severus, c. 193–211 AD (from History of money)
    Roman aureus of Septimius Severus, c. 193–211 AD (from History of money)
  • Image 49Early punch-marked coins of Gandhara, Taxila-Gandhara region. (from Coin)
    Early punch-marked coins of Gandhara, Taxila-Gandhara region. (from Coin)
  • Image 50The 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)
  • Image 51Coins can be stacked. (from Coin)
    Coins can be stacked. (from Coin)
  • Image 52Earliest 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)
  • Image 53Song dynasty Jiaozi, the world's earliest paper money (from Currency)
    Song dynasty Jiaozi, the world's earliest paper money (from Currency)
  • Image 54French 1992 twenty Franc Tri-Metallic coin (from Coin)
    French 1992 twenty Franc Tri-Metallic coin (from Coin)
  • Image 55Song dynasty Jiaozi, the world's earliest paper money. (from Banknote)
    Song dynasty Jiaozi, the world's earliest paper money. (from Banknote)
  • Alexander the Great Tetradrachm from the Temnos Mint
    Alexander the Great Tetradrachm from the Temnos Mint, c. 188–170 BC (from Coin)
  • Image 57Russian American Company-issued Alaskan parchment scrip (c. 1852) (from Banknote)
    Russian American Company-issued Alaskan parchment scrip (c. 1852) (from Banknote)
  • Image 58Fifty-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 59Cowry shells being used as money by an Arab trader (from Currency)
    Cowry shells being used as money by an Arab trader (from Currency)
  • Image 60A 2000 Romanian lei polymer banknote (from Banknote)
    A 2000 Romanian lei polymer banknote (from Banknote)
  • Image 61Spade 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)

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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Most traded currencies

Most traded currencies by value
Currency distribution of global foreign exchange market turnover[1]
Currency ISO 4217
code 		Symbols Proportion of daily volume Change
(2019–2022)
April 2019 April 2022
U.S. dollar USD $, US$ 88.3% 88.5% Increase 0.2pp
Euro EUR € 32.3% 30.5% Decrease 1.8pp
Japanese yen JPY ¥, 円 16.8% 16.7% Decrease 0.1pp
Sterling GBP £ 12.8% 12.9% Increase 0.1pp
Renminbi CNY ¥, 元 4.3% 7.0% Increase 2.7pp
Australian dollar AUD $, A$ 6.8% 6.4% Decrease 0.4pp
Canadian dollar CAD $, Can$ 5.0% 6.2% Increase 1.2pp
Swiss franc CHF Fr., fr. 4.9% 5.2% Increase 0.3pp
Hong Kong dollar HKD $, HK$, 元 3.5% 2.6% Decrease 0.9pp
Singapore dollar SGD $, S$ 1.8% 2.4% Increase 0.6pp
Swedish krona SEK kr, Skr 2.0% 2.2% Increase 0.2pp
South Korean won KRW ₩, 원 2.0% 1.9% Decrease 0.1pp
Norwegian krone NOK kr, Nkr 1.8% 1.7% Decrease 0.1pp
New Zealand dollar NZD $, $NZ 2.1% 1.7% Decrease 0.4pp
Indian rupee INR ₹ 1.7% 1.6% Decrease 0.1pp
Mexican peso MXN $, Mex$ 1.7% 1.5% Decrease 0.2pp
New Taiwan dollar TWD $‎, NT$, 圓 0.9% 1.1% Increase 0.2pp
South African rand ZAR R 1.1% 1.0% Decrease 0.1pp
Brazilian real BRL R$ 1.1% 0.9% Decrease 0.2pp
Danish krone DKK kr., DKr 0.6% 0.7% Increase 0.1pp
Polish złoty PLN zł‎, Zl 0.6% 0.7% Increase 0.1pp
Thai baht THB ฿, B 0.5% 0.4% Decrease 0.1pp
Israeli new shekel ILS ₪, NIS 0.3% 0.4% Increase 0.1pp
Indonesian rupiah IDR Rp 0.4% 0.4% Steady
Czech koruna CZK Kč, CZK 0.4% 0.4% Steady
UAE dirham AED د.إ, Dh(s) 0.2% 0.4% Increase 0.2pp
Turkish lira TRY ₺, TL 1.1% 0.4% Decrease 0.7pp
Hungarian forint HUF Ft 0.4% 0.3% Decrease 0.1pp
Chilean peso CLP $, Ch$ 0.3% 0.3% Steady
Saudi riyal SAR ﷼, SRl(s) 0.2% 0.2% Steady
Philippine peso PHP ₱ 0.3% 0.2% Decrease 0.1pp
Malaysian ringgit MYR RM 0.2% 0.2% Steady
Colombian peso COP $, Col$ 0.2% 0.2% Steady
Russian ruble RUB ₽, руб 1.1% 0.2% Decrease 0.9pp
Romanian leu RON —, leu 0.1% 0.1% Steady
Peruvian sol PEN S/. 0.1% 0.1% Steady
Bahraini dinar BHD .د.ب, BD 0.0% 0.0% Steady
Bulgarian lev BGN лв., lv., lev 0.0% 0.0% Steady
Argentine peso ARS $, Arg$ 0.1% 0.0% Decrease 0.1pp
Other currencies 1.8% 2.3% Increase 0.5pp
Total: 200.0% 200.0%

References

These references will appear in the article, but this list appears only on this page.
  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.


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