Gut zu wissen

What is money?

What exactly is money? It seems obvious. There are coins, banknotes, credit cards – wait, a credit card isn’t money, it’s just a means of transferring money, just like a cheque or an early modern bill of exchange. So what is it then? What functions must money fulfil in order to function as money?
read more at our partner SIXBID

What is non-circulating legal tender?

There are coins that do not circulate in the country in whose name they are issued. Are they coins at all? Yes, they are. These coins belong to the category of non-circulating legal tender, which is usually abbreviated to NCLT. A very large proportion of commemorative coins minted today, if not the majority, fall into this category.
read more at our partner SIXBID