1. Concept
The coin (from Latin cuneus via OF coing, “wedge,” i.e. the wedge-shaped die used to stamp metal) was long synonymous with money in the early modern period (Money economy), although even in the Middle Ages there were some forms of cashless transaction (Payment transactions), such as bill of exchange, giro transactions, and securities like bonds of debt (obligations). The first forms of paper money came into use from the second half of the 17th century, first…