The Coin Book

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Excerpt from The Coin Book: Comprising a History of Coinage, A Synopsis of the Mint Laws of the United States, Statistics of the Coinage From 1792 to 1870, List of Current Gold and Silver Coins, and Their Custom House ValuesMoney is a measure of value and medium of exchange: coinage is the art of fabricating money.So soon as nations emerge from a state of barbarism, when simple barter no longer suffices to meet their wants, they will invent some common or conventional measure of value by which to exchange their products and carry on their commerce. In the rude ages of society, cattle are said to have been the common medium of commerce, and among the patriarchs of old they were the measure of mans wealth and greatness. The armor of Diomede, says Homer, cost only nine oxen, but that of Glaucus cost a hundred oxen. In some countries, in former times, salt was the measure of value and instrument of exchange, and in others shells formed the circulating medium.About the PublisherForgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.comThis book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully, any imperfections that remain are intentionally left to preserve the state of such historical works.