Money was historically an emergent market phenomenon that possessed intrinsic value as a commodity; nearly all contemporary money systems are based on unbacked fiat money without use value. Its value is consequently derived by social convention, having been declared by a government or regulatory entity to be legal tender; that is, it must be accepted as a form of payment within the boundaries of the country, for "all debts, public and private", in the case of the United States dollar.
By the late 1880s, there were increasing calls for the replacement of the Seated Liberty design, used since the 1830s on most denominations of silver coins. In 1891, Mint DirectorEdward O. Leech, having been authorized by Congress to approve coin redesigns, ordered a competition, seeking a new look for the silver coins. As only the winner would receive a cash prize, invited artists refused to participate and no entry from the public proved suitable. Leech instructed Barber to prepare new designs for the dime, quarter, and half dollar, and after the chief engraver made changes to secure Leech's endorsement, they were approved by President Benjamin Harrison in November 1891. Striking of the new coins began the following January. (Full article...)
The one hundred euro note (100 €) is one of the higher value euro banknotes and has been used since the introduction of the euro (in its cash form) in 2002. The note is used daily by some 343 million Europeans and in the 25 countries which have it as their sole currency (with 23 legally adopting it). In July 2023, there were approximately 3942000000 hundred euro banknotes in circulation in the eurozone. It is the third most widely circulated denomination, accounting for 13.3% of the total banknotes.
It is the third largest note, measuring 147 millimetres (5.8 in) × 82 millimetres (3.2 in) and has a green colour scheme. The hundred euro notes depict bridges and arches/doorways in the baroque and rococo style (17th and 18th centuries). The hundred euro note contains several complex security features such as watermarks, invisible ink, holograms and microprinting that document its authenticity. (Full article...)
... that even though a village said that it did not want a church, Indonesian politician Thoriqul Haq allocated land and money to build one along with a musalla?
... that Colin Stubs spent the prize money from his first international tennis title on an old Volkswagen to travel around Europe?
... that Bull Island was farmed by the Money family for over 100 years before being turned into a wildlife preserve?
... that medievalist Edward Rand rang the doorbell of Harvard president Charles William Eliot and asked him: "I would like to go to Harvard; do you have any money?"
Image 4Gold coins are an example of legal tender that are traded for their intrinsic value, rather than their face value. (from Money)
Image 5A 640 BC one-third staterelectrum coin from Lydia. According to Herodotus, the Lydians were the first people to introduce the use of gold and silver coins. It is thought by modern scholars that these first stamped coins were minted around 650 to 600 BC. (from Money)
Image 6Money Base, M1 and M2 in the U.S. from 1981 to 2012 (from Money)
Image 26Paper money from different countries (from Money)
Image 27Athens coin (c. 500/490-485 BC) discovered in Pushkalavati. This coin is the earliest known example of its type to be found so far east. (from Punch-marked coins)
Image 28Tibetan silver tangka with Ranjana (Lantsa) script, dated 15-28 (= AD 1894), obverse (from Tibetan tangka)
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