Cryptocurrency Q&A
When did the modern coin era start?
When did the modern coin era start?
Moonshadow
Sat Jul 20 2024
|
5 answers
963
Could you elaborate on the origins of the modern coin era? Specifically, I'm interested in knowing when this period of coinage truly began and what factors contributed to its emergence. Was it a gradual shift from earlier forms of currency, or was there a specific event or technological advancement that sparked this new era? I'm seeking a comprehensive yet concise explanation of this historical turning point in the evolution of coins and their use in global economies.
5 answers
OliviaTaylor
Mon Jul 22 2024
The advent of the modern coin era in the United States marked a significant shift in the history of currency.
Was this helpful?
230
27
Caterina
Sun Jul 21 2024
With the introduction of clad coins, the intrinsic value of coins diminished, as they were no longer composed of precious metals.
Was this helpful?
76
87
SejongWisdomSeeker
Sun Jul 21 2024
Commencing in 1965, the U.S. Mint introduced copper-nickel "clad" coins, effectively replacing silver coins as the standard currency.
Was this helpful?
299
92
ShintoSpirit
Sun Jul 21 2024
This transition heralded the end of an uninterrupted 173-year tradition, where silver coins had held a prominent place in circulation.
Was this helpful?
250
84
GwanghwamunGuardianAngelWings
Sun Jul 21 2024
For numerous coin collectors, this change signified a blow to their hobby.
Was this helpful?
108
76
