Login

ANA Blog

10 Jul 2017

Wampum

Young Numismatists Exchange | user_8029

The word ‘wampum’ brings to mind many thing to a numismatist, mainly white and purple beads on a string, that the Native Americans used before and during the colonial American times. This is all true, but the reality of these classic shell beads is a tad more complicated. There are social customs related to them, as well as different names than the one that is commonly used.

READ MORE
10 Jul 2017

Nova Constellatio

Young Numismatists Exchange | user_8029

Chaos. This is the word summarizing the currency system of the thirteen American Colonies before and immediately after the Revolutionary war. Picture each state of the United States each having their own completely independent governments with their own borders and disputes, and worst of all, currency. Each colony had silver and gold smiths making ‘coins’ such as the pine tree coins. When you decided to traverse from, say Pennsylvania to New York, you had to find out what the complicated exchange rate was in hundreds of different currencies, some made here, some Mexican or British or French. People were trying to solve this problem, and the Nova Constellatio was Robert Morris’.

READ MORE
24 Jun 2017

Cowry Shells

Young Numismatists Exchange | user_8029

Far before the coin was invented, the cowry shell served as currency in much of what is now China. These shells were the ideal coin, having convenience, perceived value, durability, a uniform size and weight and more, all of which are seen in most currencies around the world. These “coins” have an interesting history and numismatic importance, which make an interesting story.

READ MORE
24 Jun 2017

Jewelry as Currency

Young Numismatists Exchange | user_8029

Gold and Jewels, usually in the decorative form of rings or necklaces, are much appreciated by humans as a whole. Almost every culture has developed some form of them, whether they be golden or made out of the skin of a deer. These types of jewelry, unsurprisingly, have developed into a form of currency or as a store of wealth. The main types of these jewelries are bracelets and necklaces, though anklets and neck rings also were used as money.

READ MORE
28 May 2017

Edibles as Currency

Young Numismatists Exchange | user_8029

One of the most common types of barter items are edible items. Everybody needs food to survive, and it is one thing that everybody needs to buy and trade for, so it has entered our exchange system quite often throughout history. The three that will be focused on in this article are bread, seasonings and tea.

READ MORE
28 May 2017

Furs and Skins as Currency

Young Numismatists Exchange | user_8029

The earliest currency was not metal or paper, as the currency we typically use today is. In ancient times, before the invention of the coin by Lydia, the medium of trade used was much more practical for them. The currency used then was usually the fur or skin of an animal that was hunted. These basic currencies were so effective that they did not, generally, fade away as currency until the late 18th century.

READ MORE
25 May 2017

Our First Student-Members-Only Auction

Young Numismatists Exchange | Dave_75466

The Legacy Knights Numismatic Society ended the school year by holding its first annual student-members-only auction, which turned out to be a rousing success!The idea came about when I was pondering how to fairly distribute donated items among our student members. The donated reference books went to our school library to create a numismatic reference section. That way they are always available during the school year, not only for our Society members, but also the rest of the student body, as a way of perpetuating awareness of our numismatic group.But what about the other donated items? We have 13 members; what would we do with something that couldn't be divided evenly by 13? How would we match these items to the persons who actually had an interest? And what if more than one student wanted an item; how do we give everyone a fair shot at something?Thus was born the First Annual Legacy Knights Numismatic Society End of the Year Student Members Only Auction.Up front, I eliminated the idea that they would use real money for bidding. Not so much to keep the richest kid in the room from winning all the bids, but because the items up for bid were all donations to be given to the kids, or earned as awards for achievements, etc.; not sold to them.I could either have them bid using balance sheets, or I could use "play money". I opted for the latter, as it was more fun. For "security reasons", I opted to design and print my own, rather than buy some online.The auction was conducted using custom-made "Knights Payment Certificates" (KPC, Series 171), which were denominated in British pre-decimal Pounds, Shillings, and Pence: 12 pence to a shilling, 20 shillings to a pound. We used eight different denominations of notes.Now why in the world, you may ask, would I make third graders use pre-decimal British pounds, shillings, and pence? Well, because we are, after all, Knights; and shillings of one variety or another were once used in many European countries where knights lived. But more practically, the British system of £/s/d circled the globe with the British Empire; and our student numismatists, all of whom are learning to identify world coins, would be well served if they could understand that system. And besides, I just thought it would be fun to try.We had to set some auction rules, the main one being that if you overbid and couldn't pay for an item you won, you would forfeit the item, pay a penalty, and be disqualified from bidding for the rest of the auction. This forced them to think about their bids and kept us from wasting time with overbids.Each student received £6 5/- (or 125 shillings) to use for bidding. To make it interesting, I let students bring in their own items to auction ahead of the donated items. In this way, they could add to their bidding funds. One student nearly doubled his funds with the popular items he auctioned. Donated items auctioned included US and foreign coins and currency, such as an 1843 US large cent, a proof Eisenhower dollar, a BU silver US bicentennial half, US silver certificates, a German 5000 mark banknote, a collection of 1800's world coins, several WW2-era coin sets, a subset of Japanese Invasion Money, a page of four different WW2 Allied Military Currency notes, and rolls of wheat pennies. Other popular hobby-related items included a jeweler's loupe and coin collection display folders, with foldovers and storage tubes being bought outright at the end of the auction for a penny or three.If you're an experienced auction buyer you might think bidding among elementary students would be pretty tame. You would be wrong! Some heady sums were reached during the often furious-paced, cookie-fueled bidding. We managed to distribute all the donated items by auction's end. And most importantly, everyone had a lot of fun. We will definitely plan another auction for next year!

READ MORE

Blog Policy / Disclaimer

This is a community-sourced blog. Any views or opinions represented in this blog are personal and belong solely to the blog post’s author, and do not represent the views or opinions of the American Numismatic Association, and may not represent the views or opinions of people, institutions or organizations that the author may or may not be associated with in professional or personal capacity.

All content provided on this blog is for informational purposes only. The American Numismatic Association (ANA) makes no representations as to the accuracy or completeness of any information on this site or found by following any link on this site. The ANA does not monitor the blog on a constant basis.

The ANA will not be liable for any errors or omissions in this information, nor for the availability of this information. The ANA will not be liable for any losses, injuries, or damages from the display or use of this information.

Downloadable Files and Images

Any downloadable file, including but not limited to pdfs, docs, jpegs, pngs, is provided at the user’s own risk. The ANA will not be liable for any losses, injuries, or damages resulting from a corrupted or damaged file.

Blogs/Comments

Blogs and comments are encouraged. However, the ANA reserves the right to edit or delete any blog posts or comments submitted to this blog without notice due to :

  • Content deemed to be spam or questionable spam.
  • Content includes profanity.
  • Content contains language or concepts that could be deemed offensive.
  • Content contains hate speech, credible threats, or direct attacks on an individual or group.

The ANA is not responsible for the content in blog posts or comments.

This blog disclaimer is subject to change at anytime.