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.
Banknotes of the third Zimbabwean dollar, from $1 to $100 trillion
The banknotes of Zimbabwe were physical forms of Zimbabwe's first four incarnations of the dollar ($ or Z$), from 1980 to 2009. The banknotes of the first dollar replaced those of the Rhodesian dollar at par in 1981, one year after the proclamation of independence. The Reserve Bank of Zimbabwe issued most of the banknotes and other types of currency notes in its history, including the bearer cheques and special agro-cheques ("agro" being short for agricultural) that circulated between 15 September 2003 and 31 December 2008: the Standard Chartered Bank also issued their own emergency cheques from 2003 to 2004.
The obverse of Zimbabwean banknotes (including notes of the current dollar) featured an illustration of the Domboremari, one of the Chiremba Balancing Rocks located near Harare and Epworth: the Domboremari also appeared on bearer and agro-cheques, as part of the Reserve Bank's logo. The reverse often featured the culture or landmarks of the country. (Full article...)
The Lincoln cent (sometimes called the Lincoln penny) is a one-cent coin that has been struck by the United States Mint since 1909. The obverse or heads side was designed by Victor David Brenner, as was the original reverse, depicting two stalks of wheat (thus "wheat pennies", struck 1909–1958). The coin has seen several reverse, or tails, designs and now bears one by Lyndall Bass depicting a Union shield. All coins struck by the United States government with a value of 1⁄100 of a dollar are called cents because the United States has always minted coins using decimals. The penny nickname is a carryover from the coins struck in England, which went to decimals for coins in 1971.
In 1905, sculptor Augustus Saint-Gaudens was hired by the Mint to redesign the cent and the four gold coins, which did not require congressional approval. Two of Saint-Gaudens's proposed designs for the cent were eventually adapted for the gold pieces, but Saint-Gaudens died in August 1907 before submitting additional designs for the cent. In January 1909, the Mint engaged Brenner to design a cent depicting the late president Abraham Lincoln, 1909 being the centennial year of his birth. It was the first widely circulating design of a U.S. president on a coin, an idea that had been seen as too monarchical in the past, namely by George Washington. Nevertheless, Brenner's design was eventually approved, and the new coins were issued to great public interest on August 2, 1909. (Full article...)
... that Zack Kelly received a $500 signing bonus, lost money in his first professional seasons, and was released by two organizations before he made his Major League Baseball debut?
Image 9Tibetan undated silver tangka (2nd half of 18th century) with eight times the syllable "dza" in vartula script,obverse (from Tibetan tangka)
Image 10A person counts a bundle of different Swedish banknotes. (from Money)
Image 11Sino Tibetan silver tangka, dated 58th year of Qian Long era, reverse. Weight 5.57 g. Diameter: 30 mm (from Tibetan tangka)
Image 12Athens coin (c. 500/490-485 BC) discovered in Pushkalavati. This coin is the earliest known example of its type to be found so far east. (from Punch-marked coins)
Image 13Tibetan silver tangka with Ranjana (Lantsa) script, dated 15-28 (= AD 1894), reverse (from Tibetan tangka)
Image 14Gold coins are an example of legal tender that are traded for their intrinsic value, rather than their face value. (from Money)
Image 29A 640 BC one-third staterelectrum 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 30Song Dynasty Jiaozi, the world's earliest paper money (from Money)
Image 31Tibetan silver tangka with Ranjana (Lantsa) script, dated 15-28 (= AD 1894), obverse (from Tibetan tangka)
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