1.
United Kingdom
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The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom or Britain, is a sovereign country in western Europe. Lying off the north-western coast of the European mainland, the United Kingdom includes the island of Great Britain, Northern Ireland is the only part of the United Kingdom that shares a land border with another sovereign state—the Republic of Ireland. The Irish Sea lies between Great Britain and Ireland, with an area of 242,500 square kilometres, the United Kingdom is the 78th-largest sovereign state in the world and the 11th-largest in Europe. It is also the 21st-most populous country, with an estimated 65.1 million inhabitants, together, this makes it the fourth-most densely populated country in the European Union. The United Kingdom is a monarchy with a parliamentary system of governance. The monarch is Queen Elizabeth II, who has reigned since 6 February 1952, other major urban areas in the United Kingdom include the regions of Birmingham, Leeds, Glasgow, Liverpool and Manchester. The United Kingdom consists of four countries—England, Scotland, Wales, the last three have devolved administrations, each with varying powers, based in their capitals, Edinburgh, Cardiff and Belfast, respectively. The relationships among the countries of the UK have changed over time, Wales was annexed by the Kingdom of England under the Laws in Wales Acts 1535 and 1542. A treaty between England and Scotland resulted in 1707 in a unified Kingdom of Great Britain, which merged in 1801 with the Kingdom of Ireland to form the United Kingdom of Great Britain and Ireland. Five-sixths of Ireland seceded from the UK in 1922, leaving the present formulation of the United Kingdom of Great Britain, there are fourteen British Overseas Territories. These are the remnants of the British Empire which, at its height in the 1920s, British influence can be observed in the language, culture and legal systems of many of its former colonies. The United Kingdom is a country and has the worlds fifth-largest economy by nominal GDP. The UK is considered to have an economy and is categorised as very high in the Human Development Index. It was the worlds first industrialised country and the worlds foremost power during the 19th, the UK remains a great power with considerable economic, cultural, military, scientific and political influence internationally. It is a nuclear weapons state and its military expenditure ranks fourth or fifth in the world. The UK has been a permanent member of the United Nations Security Council since its first session in 1946 and it has been a leading member state of the EU and its predecessor, the European Economic Community, since 1973. However, on 23 June 2016, a referendum on the UKs membership of the EU resulted in a decision to leave. The Acts of Union 1800 united the Kingdom of Great Britain, Scotland, Wales and Northern Ireland have devolved self-government
2.
France
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France, officially the French Republic, is a country with territory in western Europe and several overseas regions and territories. The European, or metropolitan, area of France extends from the Mediterranean Sea to the English Channel and the North Sea, Overseas France include French Guiana on the South American continent and several island territories in the Atlantic, Pacific and Indian oceans. France spans 643,801 square kilometres and had a population of almost 67 million people as of January 2017. It is a unitary republic with the capital in Paris. Other major urban centres include Marseille, Lyon, Lille, Nice, Toulouse, during the Iron Age, what is now metropolitan France was inhabited by the Gauls, a Celtic people. The area was annexed in 51 BC by Rome, which held Gaul until 486, France emerged as a major European power in the Late Middle Ages, with its victory in the Hundred Years War strengthening state-building and political centralisation. During the Renaissance, French culture flourished and a colonial empire was established. The 16th century was dominated by civil wars between Catholics and Protestants. France became Europes dominant cultural, political, and military power under Louis XIV, in the 19th century Napoleon took power and established the First French Empire, whose subsequent Napoleonic Wars shaped the course of continental Europe. Following the collapse of the Empire, France endured a succession of governments culminating with the establishment of the French Third Republic in 1870. Following liberation in 1944, a Fourth Republic was established and later dissolved in the course of the Algerian War, the Fifth Republic, led by Charles de Gaulle, was formed in 1958 and remains to this day. Algeria and nearly all the colonies became independent in the 1960s with minimal controversy and typically retained close economic. France has long been a centre of art, science. It hosts Europes fourth-largest number of cultural UNESCO World Heritage Sites and receives around 83 million foreign tourists annually, France is a developed country with the worlds sixth-largest economy by nominal GDP and ninth-largest by purchasing power parity. In terms of household wealth, it ranks fourth in the world. France performs well in international rankings of education, health care, life expectancy, France remains a great power in the world, being one of the five permanent members of the United Nations Security Council with the power to veto and an official nuclear-weapon state. It is a member state of the European Union and the Eurozone. It is also a member of the Group of 7, North Atlantic Treaty Organization, Organisation for Economic Co-operation and Development, the World Trade Organization, originally applied to the whole Frankish Empire, the name France comes from the Latin Francia, or country of the Franks
3.
Spain
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By population, Spain is the sixth largest in Europe and the fifth in the European Union. Spains capital and largest city is Madrid, other urban areas include Barcelona, Valencia, Seville, Bilbao. Modern humans first arrived in the Iberian Peninsula around 35,000 years ago, in the Middle Ages, the area was conquered by Germanic tribes and later by the Moors. Spain is a democracy organised in the form of a government under a constitutional monarchy. It is a power and a major developed country with the worlds fourteenth largest economy by nominal GDP. Jesús Luis Cunchillos argues that the root of the span is the Phoenician word spy. Therefore, i-spn-ya would mean the land where metals are forged, two 15th-century Spanish Jewish scholars, Don Isaac Abravanel and Solomon ibn Verga, gave an explanation now considered folkloric. Both men wrote in two different published works that the first Jews to reach Spain were brought by ship by Phiros who was confederate with the king of Babylon when he laid siege to Jerusalem. This man was a Grecian by birth, but who had given a kingdom in Spain. He became related by marriage to Espan, the nephew of king Heracles, Heracles later renounced his throne in preference for his native Greece, leaving his kingdom to his nephew, Espan, from whom the country of España took its name. Based upon their testimonies, this eponym would have already been in use in Spain by c.350 BCE, Iberia enters written records as a land populated largely by the Iberians, Basques and Celts. Early on its coastal areas were settled by Phoenicians who founded Western Europe´s most ancient cities Cadiz, Phoenician influence expanded as much of the Peninsula was eventually incorporated into the Carthaginian Empire, becoming a major theater of the Punic Wars against the expanding Roman Empire. After an arduous conquest, the peninsula came fully under Roman Rule, during the early Middle Ages it came under Germanic rule but later, much of it was conquered by Moorish invaders from North Africa. In a process took centuries, the small Christian kingdoms in the north gradually regained control of the peninsula. The last Moorish kingdom fell in the same year Columbus reached the Americas, a global empire began which saw Spain become the strongest kingdom in Europe, the leading world power for a century and a half, and the largest overseas empire for three centuries. Continued wars and other problems led to a diminished status. The Napoleonic invasions of Spain led to chaos, triggering independence movements that tore apart most of the empire, eventually democracy was peacefully restored in the form of a parliamentary constitutional monarchy. Spain joined the European Union, experiencing a renaissance and steady economic growth
4.
Italy
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Italy, officially the Italian Republic, is a unitary parliamentary republic in Europe. Located in the heart of the Mediterranean Sea, Italy shares open land borders with France, Switzerland, Austria, Slovenia, San Marino, Italy covers an area of 301,338 km2 and has a largely temperate seasonal climate and Mediterranean climate. Due to its shape, it is referred to in Italy as lo Stivale. With 61 million inhabitants, it is the fourth most populous EU member state, the Italic tribe known as the Latins formed the Roman Kingdom, which eventually became a republic that conquered and assimilated other nearby civilisations. The legacy of the Roman Empire is widespread and can be observed in the distribution of civilian law, republican governments, Christianity. The Renaissance began in Italy and spread to the rest of Europe, bringing a renewed interest in humanism, science, exploration, Italian culture flourished at this time, producing famous scholars, artists and polymaths such as Leonardo da Vinci, Galileo, Michelangelo and Machiavelli. The weakened sovereigns soon fell victim to conquest by European powers such as France, Spain and Austria. Despite being one of the victors in World War I, Italy entered a period of economic crisis and social turmoil. The subsequent participation in World War II on the Axis side ended in defeat, economic destruction. Today, Italy has the third largest economy in the Eurozone and it has a very high level of human development and is ranked sixth in the world for life expectancy. The country plays a prominent role in regional and global economic, military, cultural and diplomatic affairs, as a reflection of its cultural wealth, Italy is home to 51 World Heritage Sites, the most in the world, and is the fifth most visited country. The assumptions on the etymology of the name Italia are very numerous, according to one of the more common explanations, the term Italia, from Latin, Italia, was borrowed through Greek from the Oscan Víteliú, meaning land of young cattle. The bull was a symbol of the southern Italic tribes and was often depicted goring the Roman wolf as a defiant symbol of free Italy during the Social War. Greek historian Dionysius of Halicarnassus states this account together with the legend that Italy was named after Italus, mentioned also by Aristotle and Thucydides. The name Italia originally applied only to a part of what is now Southern Italy – according to Antiochus of Syracuse, but by his time Oenotria and Italy had become synonymous, and the name also applied to most of Lucania as well. The Greeks gradually came to apply the name Italia to a larger region, excavations throughout Italy revealed a Neanderthal presence dating back to the Palaeolithic period, some 200,000 years ago, modern Humans arrived about 40,000 years ago. Other ancient Italian peoples of undetermined language families but of possible origins include the Rhaetian people and Cammuni. Also the Phoenicians established colonies on the coasts of Sardinia and Sicily, the Roman legacy has deeply influenced the Western civilisation, shaping most of the modern world
5.
Scandinavia
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Scandinavia /ˌskændᵻˈneɪviə/ is a historical and cultural region in Northern Europe characterized by a common ethnocultural North Germanic heritage and mutually intelligible North Germanic languages. The term Scandinavia always includes the three kingdoms of Denmark, Norway and Sweden, the remote Norwegian islands of Svalbard and Jan Mayen are usually not seen as a part of Scandinavia, nor is Greenland, an overseas territory of Denmark. This looser definition almost equates to that of the Nordic countries, in Nordic languages, only Denmark, Norway and Sweden are commonly included in the definition of Scandinavia. In English usage, Scandinavia sometimes refers to the geographical area, the name Scandinavia originally referred vaguely to the formerly Danish, now Swedish, region Scania. Icelanders and the Faroese are to a significant extent descended from the Norse, Finland is mainly populated by Finns, with a minority of approximately 5% of Swedish speakers. A small minority of Sami people live in the north of Scandinavia. The Danish, Norwegian and Swedish languages form a continuum and are known as the Scandinavian languages—all of which are considered mutually intelligible with one another. Faroese and Icelandic, sometimes referred to as insular Scandinavian languages, are intelligible in continental Scandinavian languages only to a limited extent, Finnish and Meänkieli are closely related to each other and more distantly to the Sami languages, but are entirely unrelated to the Scandinavian languages. Apart from these, German, Yiddish and Romani are recognized minority languages in Scandinavia, the southern and by far most populous regions of Scandinavia have a temperate climate. Scandinavia extends north of the Arctic Circle, but has mild weather for its latitude due to the Gulf Stream. Much of the Scandinavian mountains have a tundra climate. There are many lakes and moraines, legacies of the last glacial period, Scandinavia usually refers to Denmark, Norway, and Sweden. Some sources argue for the inclusion of the Faroe Islands, Finland and Iceland, though that broader region is known by the countries concerned as Norden. Before this time, the term Scandinavia was familiar mainly to classical scholars through Pliny the Elders writings, and was used vaguely for Scania, as a political term, Scandinavia was first used by students agitating for Pan-Scandinavianism in the 1830s. After a visit to Sweden, Andersen became a supporter of early political Scandinavism, the term is often defined according to the conventions of the cultures that lay claim to the term in their own use. More precisely, and subject to no dispute, is that Finland is included in the broader term Nordic countries, various promotional agencies of the Nordic countries in the United States serve to promote market and tourism interests in the region. The official tourist boards of Scandinavia sometimes cooperate under one umbrella, Norways government entered one year later. All five Nordic governments participate in the joint promotional efforts in the United States through the Scandinavian Tourist Board of North America, Scandinavia can thus be considered a subset of the Nordic countries
6.
Netherlands
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The Netherlands, also informally known as Holland is the main constituent country of the Kingdom of the Netherlands. It is a densely populated country located in Western Europe with three territories in the Caribbean. The European part of the Netherlands borders Germany to the east, Belgium to the south, and the North Sea to the northwest, sharing borders with Belgium, the United Kingdom. The three largest cities in the Netherlands are Amsterdam, Rotterdam and The Hague, Amsterdam is the countrys capital, while The Hague holds the Dutch seat of parliament and government. The port of Rotterdam is the worlds largest port outside East-Asia, the name Holland is used informally to refer to the whole of the country of the Netherlands. Netherlands literally means lower countries, influenced by its low land and flat geography, most of the areas below sea level are artificial. Since the late 16th century, large areas have been reclaimed from the sea and lakes, with a population density of 412 people per km2 –507 if water is excluded – the Netherlands is classified as a very densely populated country. Only Bangladesh, South Korea, and Taiwan have both a population and higher population density. Nevertheless, the Netherlands is the worlds second-largest exporter of food and agricultural products and this is partly due to the fertility of the soil and the mild climate. In 2001, it became the worlds first country to legalise same-sex marriage, the Netherlands is a founding member of the EU, Eurozone, G-10, NATO, OECD and WTO, as well as being a part of the Schengen Area and the trilateral Benelux Union. The first four are situated in The Hague, as is the EUs criminal intelligence agency Europol and this has led to the city being dubbed the worlds legal capital. The country also ranks second highest in the worlds 2016 Press Freedom Index, the Netherlands has a market-based mixed economy, ranking 17th of 177 countries according to the Index of Economic Freedom. It had the thirteenth-highest per capita income in the world in 2013 according to the International Monetary Fund, in 2013, the United Nations World Happiness Report ranked the Netherlands as the seventh-happiest country in the world, reflecting its high quality of life. The Netherlands also ranks joint second highest in the Inequality-adjusted Human Development Index, the region called Low Countries and the country of the Netherlands have the same toponymy. Place names with Neder, Nieder, Nether and Nedre and Bas or Inferior are in use in all over Europe. They are sometimes used in a relation to a higher ground that consecutively is indicated as Upper, Boven, Oben. In the case of the Low Countries / the Netherlands the geographical location of the region has been more or less downstream. The geographical location of the region, however, changed over time tremendously
7.
Portugal
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Portugal, officially the Portuguese Republic, is a country on the Iberian Peninsula in Southwestern Europe. It is the westernmost country of mainland Europe, to the west and south it is bordered by the Atlantic Ocean and to the east and north by Spain. The Portugal–Spain border is 1,214 kilometres long and considered the longest uninterrupted border within the European Union, the republic also includes the Atlantic archipelagos of the Azores and Madeira, both autonomous regions with their own regional governments. The territory of modern Portugal has been settled, invaded. The Pre-Celts, Celts, Carthaginians and the Romans were followed by the invasions of the Visigothic, in 711 the Iberian Peninsula was invaded by the Moors, making Portugal part of Muslim Al Andalus. Portugal was born as result of the Christian Reconquista, and in 1139, Afonso Henriques was proclaimed King of Portugal, in the 15th and 16th centuries, Portugal established the first global empire, becoming one of the worlds major economic, political and military powers. Portugal monopolized the trade during this time, and the Portuguese Empire expanded with military campaigns led in Asia. After the 1910 revolution deposed the monarchy, the democratic but unstable Portuguese First Republic was established, democracy was restored after the Portuguese Colonial War and the Carnation Revolution in 1974. Shortly after, independence was granted to almost all its overseas territories, Portugal has left a profound cultural and architectural influence across the globe and a legacy of over 250 million Portuguese speakers today. Portugal is a country with a high-income advanced economy and a high living standard. It is the 5th most peaceful country in the world, maintaining a unitary semi-presidential republican form of government and it has the 18th highest Social Progress in the world, putting it ahead of other Western European countries like France, Spain and Italy. Portugal is a pioneer when it comes to drug decriminalization, as the nation decriminalized the possession of all drugs for use in 2001. The early history of Portugal is shared with the rest of the Iberian Peninsula located in South Western Europe, the name of Portugal derives from the joined Romano-Celtic name Portus Cale. Other influences include some 5th-century vestiges of Alan settlements, which were found in Alenquer, Coimbra, the region of present-day Portugal was inhabited by Neanderthals and then by Homo sapiens, who roamed the border-less region of the northern Iberian peninsula. These were subsistence societies that, although they did not establish prosperous settlements, neolithic Portugal experimented with domestication of herding animals, the raising of some cereal crops and fluvial or marine fishing. Chief among these tribes were the Calaicians or Gallaeci of Northern Portugal, the Lusitanians of central Portugal, the Celtici of Alentejo, a few small, semi-permanent, commercial coastal settlements were also founded in the Algarve region by Phoenicians-Carthaginians. Romans first invaded the Iberian Peninsula in 219 BC, during the last days of Julius Caesar, almost the entire peninsula had been annexed to the Roman Republic. The Carthaginians, Romes adversary in the Punic Wars, were expelled from their coastal colonies and it suffered a severe setback in 150 BC, when a rebellion began in the north
8.
Franklin half dollar
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The Franklin half dollar is a coin that was struck by the United States Mint from 1948 to 1963. The fifty-cent piece pictures Founding Father Benjamin Franklin on the obverse, a small eagle was placed to the right of the bell to fulfill the legal requirement that half dollars depict the figure of an eagle. Produced in 90 percent silver with a edge, the coin was struck at the Philadelphia, Denver. At the end of April 2016 the metal value of the $0.50 coin was approximately $6.48, Mint director Nellie Tayloe Ross had long admired Franklin, and wanted him to be depicted on a coin. In 1947, she instructed her chief engraver, John R. Sinnock, Sinnocks designs were based on his earlier work, but he died before their completion. The designs were completed by Sinnocks successor, Gilroy Roberts, the Mint submitted the new designs to the Commission of Fine Arts for its advisory opinion. The Commission disliked the small eagle and felt that depicting the crack in the Liberty Bell would expose the coinage to jokes, despite the Commissions disapproval, the Mint proceeded with Sinnocks designs. After the coins were released in April 1948, the Mint received accusations that Sinnocks initials JRS on the cutoff at Franklins shoulder were a tribute to Soviet dictator Joseph Stalin, no change was made, with the Mint responding that the letters were simply the artists initials. The coin was struck regularly until 1963, beginning in 1964 it was replaced by the Kennedy half dollar, though the coin is still legal tender, its value to collectors or as silver both greatly exceed its face value. Mint Director Nellie Tayloe Ross had long been an admirer of Benjamin Franklin, in 1933, Sinnock had designed a medal featuring Franklin, which may have given her the idea. Franklin had opposed putting portraits on coins, he advocated proverbs about which the holder could profit through reflection, in a 1948 interview, Ross noted that Franklin only knew of living royalty on coins, and presumably would feel differently about a republic honoring a deceased founder. He detested the eagle, and numismatic lore has it that he referred to it as a scavenger. Given the practical man that he was, Franklin proposed the wild turkey as our national bird, an 1890 statute forbade the replacement of a coin design without congressional action, unless it had been in service for 25 years, counting the year of first issuance. The Walking Liberty half dollar and Mercury dime had been first issued in 1916, they could be replaced without congressional action from and after 1940. Mint officials considered putting Franklin on the dime in 1941, during the war, the Mint contemplated adding one or more new denominations of coinage, Sinnock prepared a Franklin design in anticipation of a new issue, which did not occur. The dime was redesigned in 1946 to depict fallen President Franklin Roosevelt, the Walking Liberty design seemed old-fashioned to Mint officials, and the only other coin being struck which was eligible for replacement was the Lincoln cent. Abraham Lincoln remained a figure, and Ross did not want to be responsible for removing him from the coinage. In 1947, Ross asked Sinnock to produce a design for a half dollar featuring Franklin, the chief engraver adapted his earlier work for the obverse
9.
Exonumia
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Exonumia are numismatic items other than coins and paper money. This includes Good For tokens, badges, counterstamped coins, elongated coins, encased coins, souvenir medallions, tags, wooden nickels and it is related to numismatics, and many coin collectors are also exonumists. Besides the above definition, others extend it to include non-coins which may or may not be legal tenders such as cheques, credit cards. These can also be considered notaphily or scripophily, the noun exonumia is derived from two classical roots, exo, meaning out-of in Greek, and nummus, meaning coin in Latin, thus, out-of-coins. Usually, the term exonumia is applied to objects in the United States. The words exonumist and exonumia were coined in July 1960 by Russell Rulau, an authority and author on the subject. Chronologically, in the United States many Exonumia items were used as currency when actual money was not easily available in the economy, a notable exception to this definition are Medals, which were generally not used as currency or exchange. See the for clarification section below for distinctions between various branches of exonumia, Tokens were used both to advertise and to facilitate commerce. Token authority Russell Rulau offers a definition for exonumia. For example, an advertising token may also be considered a medal, Good For tokens may also advertise. Counterstamped coins have been called “little billboards. ”Strictly, exonumia is anything not a governmental issue coin and this could almost mean anything coin-like. The English term Para-numismatica, or alongside currency, appears more limiting, hinting that tokens must have some sort of “value” or monetary usage, one definition of Para-numismatica is anything coin-like but not a coin. In America this is not the accepted usage, rulaus 1040 page tome, UNITED STATES TOKENS, 1700-1900 includes many tokens without any monetary value depicted on the token. While he included many items, some types of exonumia were not included just so the book would not get any bigger, the following groupings of categories are continually expanding. One way of parsing tokens is into three general categories, Has a ‘value, ’ facilitating commerce, such as Good For Something. Commemoration, remembrance, dedication, or the like, for person, place. Typically catalogs of tokens are organized by location, time period and/or type of item, historically the need for tokens grew out of the need for currency. In America some tokens legally circulated alongside or instead of currency up until recently, hard Times Tokens and Civil War Tokens each were the size of the contemporary cent
10.
Troy weight
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Troy weight is a system of units of mass customarily used for precious metals and gemstones. One troy ounce equals 31.1034768 grams exactly, there are only 12 troy ounces per troy pound, rather than the 16 ounces per pound found in the more common avoirdupois system. However, the pound has 7000 grains whereas the troy pound has only 5760 grains. Both systems use the same grain defined by the international yard, therefore the troy ounce is 480 grains, compared with the avoirdupois ounce, which is 437.5 grains. So the troy ounce is about 10% heavier than the avoirdupois ounce, although troy ounces are still used to weigh gold, silver, and gemstones, troy weight is no longer used in most other applications. One troy ounce of gold is denoted with the ISO4217 currency code XAU, troy weight probably takes its name from the French market town of Troyes in France where English merchants traded at least as early as the early 9th century. The name troy is first attested in 1390, describing the weight of a platter, the word troni refers to markets. Watson finds the dialect word troi, meaning a balance in Wrights Dialect Dictionary, troy weight referred to the tower system, the earliest reference to the modern troy weights is in 1414. Many aspects of the weight system were indirectly derived from the Roman monetary system. The Romans used bronze bars of varying weights as currency, an aes grave weighed 1 pound. One twelfth of an aes grave was called an uncia, or in English an ounce, before the adoption of the metric system, many systems of troy weights were in use in various parts of Europe, among them Holland troy, Paris troy, etc. Their values varied from one another by up to several percentage points, troy weights were first used in England in the 15th century, and were made official for gold and silver in 1527. The British Imperial system of weights and measures was established in 1824, the troy ounce in use today is essentially the same as the British Imperial troy ounce, adopted as an official weight standard for United States coinage by Act of Congress on May 19,1828. The British Imperial troy ounce was based on, and virtually identical with, the pre-1824 British troy ounce, the English troy ounce was officially adopted for coinage in 1527. Troy ounces have been used in England since about 1400, before that, various sorts of troy ounces were in use on the continent. The troy ounce and grain were also part of the apothecaries system and this was long used in medicine, but has now been largely replaced by the metric system. The only troy weight in widespread use today is the British Imperial troy ounce, both are currently based on a grain of 0.06479891 gram, with 480 grains to a troy ounce. The British Empire abolished the 12-ounce troy pound in the 19th century, the origin of the troy weight system is unknown
11.
Coin collecting
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Coin collecting is the collecting of coins or other forms of minted legal tender. Coins of interest to collectors often include those that circulated for only a time, coins with mint errors. Coin collecting can be differentiated from numismatics, in that the latter is the study of currency. Though closely related, the two disciplines are not necessarily the same, a numismatist may or may not be a coin collector, and vice versa. A coins grade is a determinant of its value. For a tiered fee, a third party service like PCGS or NGC will grade, authenticate, attribute. Over 80 million coins have been certified by the four largest services, people have hoarded coins for their bullion value for as long as coins have been minted. However, the collection of coins for their value was a later development. Evidence from the archaeological and historical record of Ancient Rome and medieval Mesopotamia indicates that coins were collected and catalogued by scholars and it also seems probable that individual citizens collected old, exotic or commemorative coins as an affordable, portable form of art. Contemporary coin collecting and appreciation began around the fourteenth century, during the Renaissance, it became a fad among some members of the privileged classes, especially kings and queens. The Italian scholar and poet Petrarch is credited with being the pursuits first and most famous aficionado, following his lead, many European kings, princes, and other nobility kept collections of ancient coins. Perhaps because only the wealthy could afford the pursuit, in Renaissance times coin collecting became known as the Hobby of Kings. During the 17th and 18th centuries coin collecting remained a pursuit of the well-to-do, but rational, Enlightenment thinking led to a more systematic approach to accumulation and study. During the 19th and 20th centuries, coin collecting increased further in popularity, the market for coins expanded to include not only antique coins, but foreign or otherwise exotic currency. Coin shows, trade associations, and regulatory bodies emerged during these decades, as one of the oldest and most popular world pastimes, coin collecting is now often referred to as the King of Hobbies. The motivations for collecting are varied, possibly the most common type of collector is the hobbyist, who amasses a collection purely for fun with no real expectation of profit. This is especially true of casual collectors and children who collect items on the basis of chance, another frequent reason for purchasing coins is as an investment. As with stamps, precious metals or other commodities, coin prices are based on supply
12.
Sheldon coin grading scale
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The Sheldon Coin Grading Scale is a 70-point coin grading scale used in the numismatic assessment of a coins quality. It is used by all major coin grading companies, the main two being NGC and PCGS. The scale was invented by William Herbert Sheldon, in 1949, the original scale was first presented in Dr. William H. Sheldons Early American Cents titled A Quantitative Scale for condition as a way to grade Large cents. The scale is known today as the Sheldon scale, by 1953 the original Sheldon scale had become outdated. It was not until the 1970s, however, that the ANA chose to adapt the scale for use on all US coins, the scale used today is a modification of the original Sheldon scale, with added adjustments, additions, deletions, and modifications to it. Note, Some early American coin varieties are almost always found to be struck in places. This does not bring the grade of a coin down and is considered normal for early coins, mint State most commonly refers to a coins condition and is attributed to a coin, minted for regular distribution, but has never experienced general circulation. The coin can therefore be described as new or Uncirculated, in modern-day United States numismatics, mint state coins are given a number from 60 to 70 inclusive, with 70 being perceived as a perfect coin with no visible blemishes. Coins with a grade, although unworn, may suffer from weak striking, bag marks. Some early coins appear quite worn-looking in mint state, due to striking problems or problems with the coins planchet and/or metal quality, other, similar-date, specimens are currently unknown to exist in uncirculated condition. The terms Brilliant, Choice, and Gem have been used to describe Uncirculated grades, a Brilliant uncirculated coin can describe any coin over the grade of MS60. Choice Uncirculated is used for coins MS-64 and above, while Gem Uncirculated is used for coins graded MS65, like circulated grades, proof coins are graded on the Sheldon scale from 1 to 70. Proof coins graded 60 to 70 are mirrored to those of Uncirculated grades with the difference that the coin was not made for circulation, proof coins with the grade of Pr63 are sometimes called Choice Proofs
