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July 06, 2008 | 73°F Broken clouds

The Leonard Lopate Show

Please Explain: The History of Money

The first coins were invented in the seventh century BC! Please Explain looks into the history of money...from the earliest lumps of metal, to modern-day virtual money. Numismatist Douglas Mudd is the curator of The American Numismatic Association's Money Museum and author of All the Money in the World.


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[1]
Posted by: eCAHNomics
January 11, 2008 - 12:17PM

The Bush Administration is about to issue new coinage. The description can be found in the video at this url: http://www.boomantribune.com/story/2008/1/9/16147/71670

[2]
Posted by: Howard Lee
January 11, 2008 - 01:48PM
Berkeley Heights NJ

I Believe Douglas Mudd is incorrect to suggest the Greeks were the first to use coins en massse. I believe it was the ancient Persians who used coins en masse first - eg the Daric coin named for Darius the Great. Darius also instituted the reforms of weights and measures necessary for the money system to take off.

[3]
Posted by: Josh
January 11, 2008 - 01:51PM
East Village

Is the value of a nickel--in terms of its mineral content--greater than 5 cents?

[4]
Posted by: eCAHNomics
January 11, 2008 - 01:51PM

Using cois insteead of paper money is strictly anti-consumer. Who cares how long the coins last? They put holes in your pocket, weigh a lot more, and if you're not from the country in question, you can't figure out what the demonination is. Paper is clearly superior from the user's POV, but government bureaucrats do no care about users.

[5]
Posted by: Glenn
January 13, 2008 - 11:31AM
Manhattan

Is there a presidential candidate who is running on a platform of doing away with pennies? They're idiotic. Get rid of them. Round up or down to the next 5c already.

Seems like a great idea everyone would rally around and create a new America.

Leonard, you were obviously bored to death with this program. You could have made it more interesting for everyone including yourself.

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