In earlier times, people use to barter for commodities that they required. For instance, if they desired for a mud pot, they exchanged it with a dozen bananas. That way, both the people involved, got what they want. But this system had a major drawback. It did not take into account that it takes a different amount of efforts and labor to create and manufacture different things. A generalized system of currency was what the ancient civilization required.
The concept of currency and money was introduced a few thousand years ago. This way, each commodity could have a fixed price and people can also keep the valuable belonging which they would have to exchange, following the barter system.
Significance of Coins
Coins were the first form of currency ever used. In the very initial days, coins were made up of valuable metals like gold and silver. Then as the civilizations evolved, cheaper alternatives of these metals were found, that could serve as the liquid currency. Several projects and excavations have been conducted to find these little pieces of metal from some very huge and significant civilizations.
- What is so unique about these old coins is that they have the impressions of the time they were built in and the engraving of the ruler of the group.
- They are no longer produced or made.
- They are not available in abundance.
There are people who are passionate about these coins and collect them. They even pay a huge amount for the same. There are various websites that sell these coins. Just type on the search, rare coins for sale now. For some people, they might be just tiny pieces of metal, but for some, these coins value more than the entire wealth they possess.