It’s something we seemingly can’t live without, and something most of us know very little about. Coins, and all forms of money for that matter, are an important part of our lives, allowing us to buy food, drinks and other products as well as to pay for parking and for services. Yet we don’t tend to stop and think about how far they’ve come since they were first brought into circulation.
Over the past few month, news hit that the look of British currency will change. Author Jane Austen will appear on the £10 note in place of Charles Darwin, following criticism that the Bank of England had ignored important women in British history with its announcement that Winston Churchill will replace prison reformer Elizabeth Fry on the £5 note. Back in 1998, the bank introduced the £2 coin into circulation, the most recent addition to British currency. And across the ocean, the Royal Canadian Mint ended production of its one-cent penny coin in February. These recent news items illustrate that money changes over time and has quite a history. Continue reading