In ancient Egypt, grain, cattle, and precious metals like gold and silver served as commodity money. Cowry shells were used as currency in various parts of Africa, Asia, and the Pacific islands. Salt ...

In ancient Egypt, grain, cattle, and precious metals like gold and silver served as commodity money. Cowry shells were used as currency in various parts of Africa, Asia, and the Pacific islands.

Commodity money has intrinsic value. Think gold coins or cattle in ancient times. The value of commodity money stems from the commodity itself. Fiat money, conversely, derives its value from trust ...

The Aztecs believed cacao was a sacred gift from the god Quetzalcoatl , who was later punished by the other gods for sharing ...

This Celtic gold "ring money" from Ireland, may be 3500 years old. Nathan Lewis. What all these “commodity monies” have in common is: They are found only in primitive societies.

HIDALGO, Mexico (WKRC) - A recently discovered ancient and historically significant pyramid will be reburied due to budget concerns. Construction workers in the Mexican city of Hidalgo found an ...

Can't decide if gold is a commodity? ... when the ancient Egyptians ... date to between 500 and 600 B.C.E. Gold continued to be a leading source of currency until the introduction of paper money.

What is money, really and what do we actually know about how it works? In this episode of the Clear Crypto Podcast, anthropologist Bill Maurer traces money’s roots from ancient Mesopotamia to ...

Likewise, in India, the first forays into metal currency were "punch-marked coins," which were made mostly out of silver and stamped with natural shapes and symbols starting in the 6th century B.C.

A metal detectorist discovered ancient gold coins in the Netherlands that turned out to be a cult ritual offering. Experts believe the money left at the location was “devil’s money,” an ...

As an anthropologist who’s made discoveries of ancient currency in the field, I’m interested in how money evolved in human civilization – and what these archaeological finds can tell us ...