Glossary of terms

Key signs

Definitions:

Coins – a coin, in its original meaning, is a block of metal with a circle shape or a similar shape, on which some kind of stamping is made (hence its name), and whose purpose is to be used as a means of payment that facilitates the buying, selling and payment for goods, work or services. But in order for a currency to be called a currency, it must meet the following definitions:
It was minted for the authorities that control that region of land.
Its monetary value is given by the authorities.
Aim for distribution and use as money.

Banknotes – A banknote is one of the forms of means of payment that people use in order to pay for goods and services they buy, along with coins, bills constitute all forms of cash in the modern world and are a legal procedure.

Trust in the note depends on the backing given to it by the issuer. In the past, in most countries, the value of the currency was tied to gold, and therefore the state could only issue notes in an amount that corresponded to its gold stock, because any citizen could at any moment redeem the note in his hand for its value in gold. That is, the value of money was backed by an actual commodity and it can be said that there was really “value” to money and that it did not just enjoy “trust”. After the abolition of the pegged to gold in many countries, the notes became papers that are backed only by the trust that the citizens have towards it and their belief that the government will accept this banknotes.

Tokens – In numismatics, tokens are coin-like objects used as a substitute for the usual means of payment. Taxonomy is the name for the science that deals with their identification and research.

The value of the tokens will be expressed or imprinted on them, in their size, color or shape. They were mostly made of cheaper and simpler metals than the material of the coins that were in circulation at that time.

A key point of difference between token currency (token) and legal currency is that coins are issued by authorities and are freely exchangeable for goods. However, tokens usually have a much more limited use and are often issued by a private company, group, Association or individual. Tokens have many reasons for being issued, usually they will be used as a solution to the lack of small change, to indicate entry / participation / help in a certain event and as a substitute for cash in places of entertainment and use of machines.

Medals – A medal or a medallion is a small and portable art object in the shape of a thin disc which usually bears a design on both sides. Often created for some kind of commemoration and many are given as prizes. Their use mainly as signs, as jewelry, to mark events, a person or a certain organization.

A medal can be awarded to a person or organization as a form of recognition for sporting, military, scientific, cultural, academic or other achievements. Military awards and decorations are more accurate terms for certain types of state decorations. Medals can also be made for sale or to commemorate certain people or events, yet they can be expressions of art forms in their own right. In the past, medals commissioned for an individual usually included a decano, often used as a type of diplomatic or personal gift without any sense of reward for the recipient’s conduct.

The artist who creates medals or medallions is called a “medalist”. Medals have long been a popular collector’s item in numismatics, usually the size of the medal’s diameter will start from 4 centimeters and can reach up to about 15 centimeters, and as for medals over 15 centimeters, they are called models and are not common at all.

The term “medallion” is often used to denote a necklace pendant or other types of medals. can also be called “table medals” due to the fact that they are very large and heavy and the possibilities for displaying them are not extended beyond – on the wall / on the table or any other piece of furniture

Glossary of terms

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