Paragraph on “Coins” complete paragraph for Class 9, Class 10, Class 11 and Class 12

Coins

Coins are used as currency or money and are pieces of metal of a specific weight and bearing the seal or stamp of the issuing authority. The Lydians made the first coins in the 7th century B.C. and were called ‘staters’. Other people also saw the utility of these coins and they too started making their own and within the next century almost the entire Asia minor and Europe had different types of coins. Greek coins lasted for about five hundred years and as the Romans ran over Europe, they introduced their own  coins. Till this period the coins were thin, uneven and unattractive, it was only in the fifteenth century that skilled artists were asked to engrave the dies and more attractive coins came into being. Gold coins were considered to be the most valuable and then came coins in silver and copper.