Wednesday, June 11, 2014

Money, What is it?

Money, what is it?
Money is any object or verifiable record that is generally accepted as payment for goods and services and repayment of debts in a particular country or socio-economic context.[1][2][3] The main functions of money are distinguished as: a medium of exchange; a unit of account; a store of value; and, occasionally in the past, a standard of deferred payment.[4][5] Any kind of object or verifiable record that fulfills these functions can be considered money.

Money is historically an emergent market phenomenon establishing a commodity money, but nearly all contemporary money systems are based on fiat money.[4] Fiat money, like any check or note of debt, is without intrinsic use value as a physical commodity. It derives its value by being declared by a government 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".[citation needed] Such laws in practice cause fiat money to acquire the value of any of the goods and services that it may be traded for within the nation that issues it.

The money supply of a country consists of currency (banknotes and coins) and usually includes bank money (the balance held in checking accounts and savings accounts). Bank money, which consists only of records (mostly computerized in modern banking), forms by far the largest part of broad money in developed countries

Tuesday, March 25, 2014

Portugal 2 Euros 2013 Clerigos Tower in Oporto


Portugal 2 Euros 2013 Clerigos Tower in Oporto.

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CountryPortugal 
Year2013
Value2 Euro (2 EUR)
MetalBi-Metallic Nickel-brass plated Nickel center in Copper-nickel ring
Weight8.5 g
Diameter25.75 mm
Thickness2.2 mm
EngraversHugo Maciel (obverse)
Luc Luycx (reverse)
ShapeRound
OrientationMedal alignment ↑↑

Sunday, March 23, 2014

Portugal Coin 1,5 Euros 2010 - MORABITINO - D. SANCHO II



Portugal Coin 1,5 Euros 2010 - MORABITINO - D. SANCHO II

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CountryPortugal 
Year2009
Value1 1/2 Euro (1.50 EUR)
MetalCopper-nickel
Weight8 g
Diameter26.5 mm
EngraverRui Vasquez
ShapeRound
OrientationMedal alignment ↑↑

Monday, March 10, 2014

Portugal 2 Euro Fernão Mendes Pinto


CountryPortugal 
Year2011
Value2 Euro (2 EUR)
MetalBi-Metallic Nickel-brass plated Nickel center in Copper-nickel ring
Weight8.5 g
Diameter25.75 mm
Thickness2.2 mm
EngraverLuc Luycx (reverse)
ShapeRound
OrientationMedal alignment ↑↑

Saturday, February 22, 2014

2½ Euro Football World Cup

2½ Euro Football World Cup



CountryPortugal 
Year2014
Value2,5 Euro (2.50 EUR)
MetalCopper-nickel
Weight10 g
Diameter28 mm
OrientationCoin alignment ↑↓

Sunday, January 5, 2014

Turkey Coin Set 2003

Front Cover of 2003 Uncirculated Set


Obverse of Turkish 2003 Uncirculated Set
Reverse of Turkish 2003 Uncirculated Set

Turkey Coin Set 2003
Specifications
DenominationDiameterWeightAlloy
250 Lira23.56.4Cupro-nickel
100 Lira237.2160Cupro-nickel
50 Lira307.0160Cupro-nickel
25 Lira17.83.6083Cupro-zinc

Friday, December 27, 2013

Slovakia 2 euro 2011 - KM#102



Informations:

Krause numberKM# 102
CountrySlovakia
PeriodEuropean Union (Euro) (2009 - 2013)
Coins typeCirculation coins
Denomination2 euro
Year2011
CompositionBi-Metallic: Brass center, Copper-Nickel ring
Edge typeLettering and fine milled
Edge description'SLOVENSKÁ REPUBLIKA', followed by three symbols star - linden leaf - star
ShapeRound
AlignmentMedal (0°)
Weight (gr)8.5
Diameter (mm)25.75
Thickness (mm)2.2

Creators:

SideNameSign
ObverseLuc LuycxLL
ReverseIvan Řehák

Mintage:

MintMarkMintage
UncBUProof
Kremnica, SlovakiaMK5.000.00025.0006.000

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