Numismatics is the scientific study of money and its history in all its varied forms. While numismatists are often characterized as studying coins, the discipline also includes a much larger study of payment media used to resolve debts and the exchange of goods. Lacking a structured monetary system, people in the past as well as some today, lived in a barter society and used locally found items of inherent or implied value. Early money used by primitive people is referred to as "Odd and Curious," but the use of other goods in barter exchange is excluded, even where used as a circulating currency (e.g. prison cigarettes). For instance, the Kyrgyz people used horses as the principal currency unit and gave small change in lambskins.[1] The lambskins may be suitable for numismatic study, the horse is not. Many objects have been used for centuries, such as conch shells, precious metals and gems. Today, most transactions take place by a form of payment with either inherent, standardized or credit value. Numismatic value may be used to refer to the value in excess of the monetary value conferred by law. This is also known as the collectors value. Numismatists today often publish their research on the Internet. The best known example of this is Scott Balson, who has spent thirty years researching early South African numismatic history. His research has conclusively shown that South Africa's first widely circulating currency was a trade token, issued by Strachan and company in 1874 in East Griqualand.
2007-03-15 02:23:38
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answer #1
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answered by Hope Summer 6
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Numismatics is the scientific study of currency and its history in all its varied forms. While numismatists are often characterized as students or collectors of coins, the discipline also includes a much larger study of payment media used to resolve debts and the exchange of goods. Lacking a structured monetary system, people in the past as well as some today lived in a barter society and used locally found items of inherent or implied value. Early money used by primitive people is referred to as "Odd and Curious," but the use of other goods in barter exchange is excluded, even where used as a circulating currency (e.g., prison cigarettes). The Kyrgyz people used horses as the principal currency unit and gave small change in lambskins.The lambskins may be suitable for numismatic study, but the horse is not. Many objects have been used for centuries, such as conch shells, precious metals and gems.
Today, most transactions take place by a form of payment with either inherent, standardized or credit value. Numismatic value may be used to refer to the value in excess of the monetary value conferred by law. This is also known as the "collector's value."
2007-03-15 02:50:49
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answer #2
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answered by Swami 1
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The correct word id 'numismatics'. Numismatics is the scientific study of currency and its history in all its varied forms
2007-03-15 03:59:01
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answer #3
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answered by Anonymous
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Numismatic - One whose hobby is to collect different types of coins
2007-03-15 18:24:15
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answer #4
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answered by s mohan 1
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Numismatic is one who collects coins. He may or may not be interested in the research of coins.
2007-03-15 02:38:00
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answer #5
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answered by Tapan 2
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numistmatics is the study or the hobby of collecting coins or currency.A person who indulges in this hobby is known as a numistmatist.
2007-03-15 04:33:45
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answer #6
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answered by gj 4
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numismastic is the scientific study of coin of old age
2007-03-15 04:40:23
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answer #7
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answered by ? 2
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http://en.wikipedia.org/wiki/Numismatics Perhaps you meant numismatics.
2007-03-15 02:18:09
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answer #8
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answered by whatever 4
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