Portal:Money

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The Money Portal

Euro coins and banknotes

Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts, such as taxes, in a particular country or socio-economic context. The primary functions which distinguish money are: medium of exchange, a unit of account, a store of value and sometimes, a standard of deferred payment.

Money was historically an emergent market phenomenon that possessed intrinsic value as a commodity; nearly all contemporary money systems are based on unbacked fiat money without use value. Its value is consequently derived by social convention, having been declared by a government or regulatory entity to be legal tender; that is, it must be accepted as a form of payment within the boundaries of the country, for "all debts, public and private", in the case of the United States dollar.

The money supply of a country comprises all currency in circulation (banknotes and coins currently issued) and, depending on the definition used, one or more types of bank money (the balances held in checking accounts, savings accounts, and other types of bank accounts). Bank money, whose value exists on the books of financial institutions and can be converted into physical notes or used for cashless payment, forms by far the largest part of broad money in developed countries. (Full article...)

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A banknote or bank note – also called a bill (North American English) or simply a note – is a type of paper money that is made and distributed ("issued") by a bank of issue, payable to the bearer on demand. Banknotes were originally issued by commercial banks, which were legally required to redeem the notes for legal tender (usually gold or silver coin) when presented to the chief cashier of the originating bank. These commercial banknotes were only traded at face value in the market served by the issuing bank. Commercial banknotes have primarily been replaced by national banknotes issued by central banks or monetary authorities.

By extension, the word "banknote" is sometimes used (including by collectors) to refer more generally to paper money, but in a strict sense notes that have not been issued by banks, e.g. government notes, are not banknotes.^{[better source needed]} (Full article...)

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The two-cent piece was produced by the Mint of the United States for circulation from 1864 to 1872 and for collectors in 1873. Designed by James B. Longacre, there were decreasing mintages each year, as other minor coins such as the nickel proved more popular. It was abolished by the Mint Act of 1873.

The economic turmoil of the American Civil War caused government-issued coins, even the non-silver Indian Head cent, to vanish from circulation, hoarded by the public. One means of filling this gap was private token issues, often made of bronze. The cent at that time was struck of a copper-nickel alloy, the same diameter as the later Lincoln cent, but somewhat thicker. The piece was difficult for the Philadelphia Mint to strike, and Mint officials, as well as the annual Assay Commission, recommended the coin's replacement. Despite opposition from those wishing to keep the metal nickel in the coinage, led by Pennsylvania Congressman Thaddeus Stevens, Congress passed the Coinage Act of 1864, authorizing bronze cents and two-cent pieces. (Full article...)

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... that a group of parents discovered that a children's charity had been embezzling money?
... that the operator of the Robie House sold bricks to raise money for a renovation?
... that the general manager of a Cleveland TV station believed its owner to be "just tired of losing money"?
... that Chen Diexian's 1913 autobiographical novel The Money Demon mainly details his own love affairs?
... that even though a village said that it did not want a church, Indonesian politician Thoriqul Haq allocated land and money to build one along with a musalla?
... that the church that attempted to sell a Kansas radio station could not locate the money allegedly paid by the buyer?
... that placekicker Cam Little donated money to a Down syndrome organization for every field goal he made?
... that Everyone Hates Elon invited members of the public to destroy a Tesla Model S to raise money for food banks?

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The following are images from various currency-related articles on Wikipedia.

Image 1Tibetan kong par tangka, dated 13-45 (= AD 1791), obverse (from Tibetan tangka)
Image 2Punch-marked coins discovered from Chandraketugarh. (from Punch-marked coins)
Image 3Tibetan "gaden" Tangka, undated (ca. AD 1840), obverse (from Tibetan tangka)
Image 4A 1914 British gold sovereign (from Money)
Image 5Huizi currency, issued in 1160 (from Money)
Image 6Paper money from different countries (from Money)
Image 7Tibetan silver tangka with Ranjana (Lantsa) script, dated 15-28 (= AD 1894), reverse (from Tibetan tangka)
Image 8Euro banknotes and coins (from Money)
Image 9Tibetan undated silver tangka, struck in 1953/54, reverse. (from Tibetan tangka)
Image 10Café in Delft accepting Bitcoin (from Money)
Image 11Egyptian gold stater of Nectanebo II: reverse with hieroglyphs nfr-nb, minted in Egypt around 360 BC. (from Money)
Image 12Money Base, M1 and M2 in the U.S. from 1981 to 2012 (from Money)
Image 13Tenga of Muhammad Khudayar Khan, struck at the Kokand mint, dated 1862–1863 (from Kokand tenga)
Image 14"Babyal Hoard" type, of the Kuru Janapada (350–315 BCE) (from Punch-marked coins)
Image 15President J. K. Paasikivi illustrated in a former Finnish 10 mark banknote from 1980 (from Money)
Image 16Undated Kelzang tangka (1910), reverse (from Tibetan tangka)
Image 17A hoard of mostly Mauryan punch-marked coins (from Punch-marked coins)
Image 18A 640 BC one-third stater electrum coin from Lydia. According to Herodotus, the Lydians were the first people to introduce the use of gold and silver coins. It is thought by modern scholars that these first stamped coins were minted around 650 to 600 BC. (from Money)
Image 19Banknotes of different currencies with a face value of 5000 (from Money)
Image 20Sino Tibetan silver tangka, dated 58th year of Qian Long era, reverse. Weight 5.57 g. Diameter: 30 mm (from Tibetan tangka)
Image 21Song Dynasty Jiaozi, the world's earliest paper money (from Money)
Image 22Tibetan undated silver tangka (2nd half of 18th century) with eight times the syllable "dza" in vartula script, reverse (from Tibetan tangka)
Image 23Tibetan silver tangka with Ranjana (Lantsa) script, dated 15-28 (= AD 1894), obverse (from Tibetan tangka)
Image 24Ancient Jewish coin, engraved menorah, from the Hasmoneon kingdom 37-40 BCE (from Money)
Image 25Printing paper money at a printing press in Perm (from Money)
Image 26A check, used as a means of converting funds in a demand deposit to cash (from Money)
Image 27Sino Tibetan silver tangka, dated 58th year of Qian Long era, obverse. Weight 5.57 g. Diameter: 30 mm (from Tibetan tangka)
Image 28Tibetan undated silver tangka, struck in 1953/54, obverse. (from Tibetan tangka)
Image 29Tibetan "gaden" Tangka, undated (ca. AD 1840), reverse (from Tibetan tangka)
Image 30"Bent bar" of the Gandhara Janapda unearthed with Achaemenid and Greek coins, Gandhara, c.350 BC. (from Punch-marked coins)
Image 31US dollar banknotes (from Money)
Image 32A person counts a bundle of different Swedish banknotes. (from Money)
Image 33Tibetan kong par tangka, dated 13-45 (= AD 1791), reverse (from Tibetan tangka)
Image 34Tibetan undated silver tangka (2nd half of 18th century) with eight times the syllable "dza" in vartula script, obverse (from Tibetan tangka)
Image 35Silver, ½ Karshapana coin, “Babyal Hoard” type, of the Kuru Janapada (450–315 BC) (from Punch-marked coins)
Image 36Undated Kelzang tangka (1910), obverse (from Tibetan tangka)
Image 37Gold coins are an example of legal tender that are traded for their intrinsic value, rather than their face value. (from Money)