p. 777 | POINTS ABOUT MONEY

Pacific Press Publishing Company · Oakland, California · Oct 15, 1894

POINTS ABOUT MONEY.

Herodotus says that Croesus was the first sovereign to make coins of gold.

In 1503 the first English shilling was minted. It bore the king's image.

Silver was first coined in Rome in B.C. 269, when Fabius Pictor set up a mint.

The United States Mint was established in 1792 and at once began operations.

The first English laws against counterfeiting were issued in 1108 by Henry I.

In 1844 Napier's coin-weighing machine was put in use in the Bank of England.

In the fifth century before Christ, refined copper was deemed as precious as gold.

The first American coins were made in England in 1612 for the Virginia Company.

The first English gold coins were minted in 1257, in the forty-second year of Henry III.

In 1631 the invention of milling the edges of coins, to prevent clipping, was introduced.

Over one thousand series of Greek coins, issued by independent cities, are known to exist.

English sovereigns were first minted in 1489. They were called by various nicknames.

During the reign of Numa Pompilius, 700 B.C., an experiment was made with wooden money.

The bronze cent and two-cent pieces of this country were first coined in 1864, and the nickel half dime in 1866.

The earliest Greek coins bore a lion or tortoise on the obverse and punch marks on the reverse.

Wampum was adopted by the New England colonists in all their dealings with the Indians.

English coin was first made a legal tender in 1216. Before this rents had been paid in produce.

Vermont and Connecticut coined coppers in 1785. New Jersey and Massachusetts did the same in 1786.

In 1237 the English coined gold pennies which weighed 1-120th of a pound and passed for twenty pence.

Down to the Norman conquest the Britons had "living money" and "dead money," the former being slaves and cattle, the latter metal.—Selected.