The Evolution of Coinage (Classic Reprint)

Language: English

Published by Forgotten Books, 2018

1330867734 / 9781330867730

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Seller: Forgotten Books, London, United KingdomForgotten Books

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Print on Demand. This book investigates the evolution of coinage by exploring aspects of its production and use from the very beginning through to the establishment of monometallic systems in Greece. The author traces the origins of coinage to electrum, a natural alloy of gold and silver that was widely available in Asia Minor and eventually led to separate minting of the two constituent precious metals. The work examines the varied systems of coinage in antiquity, the evolution of centralized systems for minting and distribution of coins, and the crucial importance of state intervention in maintaining the integrity of coinage as a medium of exchange. The author demonstrates how the availability of abundant supplies of gold and silver in Persia led to a stable bimetallic currency and the dominance of gold coinage, particularly the daric, in international trade. However, in Greece proper, a monometallic silver currency prevailed for centuries, supplemented by gold coinage from external sources to meet the needs of large transactions. The book concludes by discussing the drawbacks of a silver-only currency and the eventual adoption of gold coinage in many Greek cities during the fourth century BC, as well as the use of small denominations to facilitate everyday transactions. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book.…

Seller Inventory # 9781330867730_0

Title
The Evolution of Coinage (Classic Reprint)
Author
George Macdonald
Publisher
Forgotten Books
Publication year
2018
Condition
New
Book Type
print-on-demand item
Binding
Paperback
Language
English
ISBN 10
1330867734
ISBN 13
9781330867730
Seller catalogs
Medieval World History

Forgotten Books

London, United Kingdom

5-star seller

AbeBooks seller since June 2, 2021

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Store description

Forgotten Books’ Classic Reprint Series utilizes the latest technology to regenerate facsimiles of historically important writings. Careful attention has been made to accurately preserve the original format of each page whilst digitally enhancing the quality of the aged text.

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FB &c Ltd

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