Question

6. Write down the importance of coins in the study of history
iments​

Answer 1

The coins are the earliest evidence of the economic activity of the human being. When early men started to have surplus produce, the need for exchange was felt. In the primitive society, this exchange was done through barter – commodity for commodity or commodity for service. However, as the social structure grew complex and the needs of the people multiplied, a metallic medium, commonly accepted by all, came into use. These metallic media varied in different societies: if it was Nishka – an ornament in the Vedic Society in India, in China it was an iron knife. Later metallic pieces of definite weight and purity came into use in India. These pieces were stamped with certain symbols, probably to vouch for their weight and fineness. Thus, Punch Marked Coins, the earliest coinage of the world was born in India.