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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Apr 15, 1991
Page
11
This piece introduces numismatics as the study of coins and money. It notes the term comes from a Greek root meaning coin and discusses why money is designed to be useful, portable, and widely accepted for value measurement.
The ancient Chinese traded with small replicas of real items and created metal money trees. People detached small amounts as needed. Later copper coins with square holes were threaded on strings for portability.
North American Indians used shell beads as currency calling them wampum. They stringed the beads into belt like strips for trade and tribute.
Pirates who sailed the seas hunted vessels carrying Mexican silver and gold coins. They often buried their treasure in hidden spots across Central America and along the shores.
Yap islanders used large carved stones as money with holes in the center for lifting. Some stones reached 12 feet in diameter and were displayed outside homes as a sign of wealth.
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