The six characteristics of money are durability, portability, acceptability, limited supply, divisibility and uniformity. Money acts as a unit of account, a medium of exchange and a store of value.Know More
Durability means that dollar bills or coins are easily replaceable should they become damaged. Portability means that money can easily be transported from one location to the next. Acceptability means that money is commonly accepted as a value exchange mechanism. Limited supply ensures that money holds its value. Divisibility implies that money can be broken down into smaller values. Uniformity establishes a standard for the look of various denominations.
Historically, cows have been used as a monetary exchange mechanism. However, they do not possess the six characteristics of money.Learn more in Coins & Currency
The earliest Roman currency was a bronze coin called the as. It weighed as much as a Roman pound, about 335.9 grams. Around 187 B.C. a silver coin called the denarius was introduced. During the Second Punic War (218 to 201 B.C.), a gold coin called the aureus was introduced.Full Answer >
A dime from 1910 can sell in collectors' circles for as little as $3 to over $180, depending on its condition. Dimes from 1910 produced at the Philadelphia mint as proofs are worth more money, with those in good condition valued at $400 to $485.Full Answer >
To identify foreign paper currency, determine the country of origin and research denomination designs for that country. You need a website with pictures of every country's currency. Identifying the currency takes 20 minutes or less.Full Answer >
All genuine Confederate currency has value to collectors, depending on its rarity and condition, and, in 2014, ranges in value from under $100 to tens of thousands, according to CSA Notes. Because modern reproductions are extremely common, all Confederate notes must be authenticated. Counterfeit notes made during the Confederacy, however, have value from $10 to $100, depending on their origins, explains Heritage Auctions.Full Answer >