Stater of Marion, Ancient Coins of Cyprus Thematic Issue, Republic of Cyprus

Stater of Marion, Ancient Coins of Cyprus Thematic Issue, Republic of Cyprus

Postage stamps--Cyprus--History

Γραμματόσημα--Κύπρος--Ιστορία

Man, having the need to find the necessities for his survival established the barter system of trade whereby he exchanged what was surplus to his needs with what he required. Exchanges of this kind had however their problems. The demand existed but it was necessary to have the required goods of equal value at the same time that the exchange was to take place.The first striking of coins was in Ionia and perhaps in Lydia towards the end of the 7th or 6th century B.C. The idea appears to be Greek and not Lydian as some suggest. It is certain however that the development of coinage was the creation of Greek intellect. The amazing ability of the ancient Greeks to create beautifully even the most insignificant objects in daily use, gave the coin-engravers the incentive to create truly pieces of art in the form of coins.he value of coins is determined by the weight of the metal from which a coin is made. All countries had coins of specific weight with the result that no exchange problems arose. This system remained in force until the 20th century. All the developed countries had gold pound coins of eight grams and silver coins the size of a dollar. These formed the basis of the trade. The word dollar derives from the German word "Thaler" used for the silver coin of the same size, and it derives from the word "Talanton"and "talandefsi" which was the method used for the accurate determination of the coin’s weight in ancient times. In Cyprus coins were struck towards the 5th century B.C. and Cyprus coins appear on the 1928, 1955, 1972 and 1977 commemorative issues.

Cyprus Post, Republic of Cyprus

Κυπριακά Ταχυδρομεία, Κυπριακή Δημοκρατία

Cyprus Post, Republic of Cyprus

Κυπριακά Ταχυδρομεία, Κυπριακή Δημοκρατία

Library of Cyprus University of Technology

Digital Heritage Research Lab of Cyprus University of Technology

25th September 1972

Designer: A. Tassos

Απαγορεύεται η δημοσίευση ή αναπαραγωγή, ηλεκτρονική ή άλλη χωρίς τη γραπτή συγκατάθεση του δημιουργού.

www.cypruspost.gov.cy

TIFF

EL, EN

Image

1972-COINS-20M

35.160417, 33.346556

Aspioti - Elka, Athens