Coins have existed in the world since the 7th and 6th century BCE throughout Greece and Persia. They became a standardized currency system by the late bronze age when the Chinese created a standardized cast for tokens. Since then the idea spread quickly across the globe in different mediums, increments and names. Read more...
The modern world used to have standard metals to create coins that represented the coins literal worth if the metal was melted down. However, debasement has occurred in which the primary metal is replaced with a cheaper metal, and then coated. Meaning the value behind each coin is no long based on their worth as a base metal.
Coins now serve as a historical marker throughout the years, a medium of expression for different countries and collectibles for those interested in the history, progress and process of each currency around the globe. Read less