answersLogoWhite

0

Earlier trade was based on barter system.

1.Coins replaced the inconveniences and fulfilled the double coincidence of wants by the seller & the buyer.

2.Coins became a common measure of value.

3.Coins became a store value.

4.Coins became a medium of exchange.

5.Coins became a standard deferred payment

6. Coins had immediate liquidity in value.

7.Coins gave a territorial authority & sovereignty

User Avatar

Wiki User

14y ago

What else can I help you with?

Continue Learning about Economics

What does circulation mean for coins?

This is a bit of a simplification, but the term refers to coins that have been spent in commerce. Newly minted coins are shipped to banks for use in change-making. Up to that point the coins are considered to be uncirculated, but once they've been used in retail transactions and mixed with other coins they're said to circulated.


What is 75 pounds of random change worth?

It depends on what coins notes and other money that you have in that 75 pounds, if u hav 100000 10c coins it would be less amount than 100000 50c coins, but about the same weight.


What is the value of dollar coins from 2000?

Most are just a dollar, if their still in the package from the mint a $1.25 to $2.00. If you got in pocket change spend it.


What is a 1985 e. pluribus worth?

Not a meaningful question. ALL U.S. coins have that motto - check your pocket change. Please post a new question if necessary. In any case no circulation coins from 1985 are worth any more than face value. Also, this site has a Coins and Currency thread for asking questions about, well, coins and currency. Money and Credit is for things like checks, credit cards, loans, etc.


What is an overstamp on currency?

A "restrike" on coins is when the coin is struck again using the same dies. An "overstrike" on coins is when the coin was struck again with a different die to change the appearance of the coin. A "counterstrike" on coins is when the coin is restruck using a different die. For example, the British "counterstruck" 18th Century Spanish American 8 Reale coins and called them Dollars. This was once a relatively common practice. An "overdate" is a number engraved in the date over the original engraved date.