When Did Coins And Notes First Come Into Existence?


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It was the discovery of the touchstone that led the way for metal-based commodity money and coinage. Any metal can be tested for purity on a touchstone, allowing one to quickly calculate total content of a particular metal in a lump. Gold was also a soft metal, which was also hard to come by, dense, and storable. As a result, monetary gold spread very quickly from Asia Minor, where it first gained usage, to the entire world.

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