After a gold treasure discovery in Caesaria, Israel once again reported the discovery of another historical treasure trove and this time, the cache featured Hellenistic silver and bronze coins and other objects estimated to be 2,300 years old. This was confirmed by the Israel Antiquities Authority, and according to the officials of the agency, the collection of coinage and objects is one of the most important discoveries in the region and will require more time before the treasure trove can be studied. The excavations in the cave started out February this year, lead by Reuven Zakai, Hen Zakai and Lior Halony, all part of the local caving club, as they took the responsibility of exploring the area for stalactites before the rest of the club members descend into the cave. According to... Read More
Known as a treasured hobby for royals, coin collecting has spread throughout the world and now considered as a favorite hobby by different individuals, from a variety of backgrounds. But how did coin collection become a popular hobby, and what could be the reasons for its popularity? A check of coinage history will tell us that it was Caesar Augustus who was considered the first collector of these items. According to tales and written records, the Roman emperor loved compiling the coins, both local and those given to him by foreign dignitaries. The love for collecting this ancient coinage was transferred to the next emperor. While coinage is now seen as a means for transacting business and sales, in early times coins were treated as intricate works of... Read More
The result of the public competition to design a new £1 coin design was made public, and will serve as the design for the new coinage that will be used in United Kingdom in a couple of years. The design that captured the attention of the judges to be used for the ‘tails’ part of the coin was from a 15-year old pupil, David Pearce, a student of Queen Mary’s Grammar School. Pearce’s take on coinage design won the contest conducted by The Royal Mint that drew more than 6,000 design-entries.
The Chancellor led the announcement after making a call to the teenager. David, together with the other young contestants was at the Downing Street for a formal reception. The competition called for coin designs that will illustrate Britain and some of the... Read More
Herodotus, the famed Greek historian, once said that it was the Lydians who first introduced the manufacture and use of silver and gold coins. This early account of coinage in the world is almost authentic, except for a few details about coinage and its history that should be clarified for modern readers and students of coinage. Historical excavations suggest that some of the early coins used for transactions were found in areas that the world know now as Turkey, and these items were traditionally made from a combination of silver and gold known as electrum. Produced in 7th century BC, these coins feature a design on one side, with only a few punches included at the other side.
Irregular-sized but strict in weight system
Early... Read More