Coins, Tokens & Banknotes
Collectors have long appreciated coins and historic medallions, many of them being considered works of art in their own right, and all expressing a facet of history. Who, on finding a silver coin of the reign of George II, marked with the name LIMA, would be anything but fascinated to discover that the silver used in the making had come from captured treasures? The British privateers the Duke and Prince Frederick had taken two armed French ships in the North Atlantic. On their return to Britain, the captured silver was immediately taken to the Tower of London where it probably supplied more than half the coinage of George II’s reign. Coins of this period, particularly the low denominations, are by no means overpriced. It is also surprising to note the prices obtained for silver coins of the 1200s and 1300s. A silver penny of the reign of King Edward I, for example, may still be purchased for well under £50.00, yet such a coin is a medieval royal portrait that has been hammered individually by hand.
Money is any item or medium of exchange that is accepted by people for the payment of goods and services, as well as the repayment of loans. Money makes the world go 'round. Economies rely on money to facilitate transactions and to power financial growth. Typically, it is economists who define money, where it comes from, and what it is worth.
In general, a token is an object that represents something else, such as another object (either physical or virtual), or an abstract concept, for example, a gift is sometimes referred to as a token of the giver's esteem for the recipient. Tokens have a vast range of potential functions, from helping make decentralized exchanges possible to selling rare items in video games. Still, they can all be traded or held like any other cryptocurrency.