Numismatics

AAA

DEFINITION of 'Numismatics'

The study of the physical embodiment of various payment media (i.e. currencies). The study of numismatics as it applies to coins, is often in the research of the production and use of the coins to determine their rarity. Numismatics has many subfields, including but not limited to:

  • Notaphily - the study of paper money (i.e. bank notes)
  • Exonumia - the study of coin like items such as medals used in place of currency
  • Scripophily - the study of securities (i.e. stocks and bonds)

INVESTOPEDIA EXPLAINS 'Numismatics'

Numismatics differs from historical and economic studies of money. Numismatists study the physical attributes of the payment media rather than the use and development.

Numismatics also differs from coin collecting due to the scientific research involved. It could be said that all numismatists are coin collectors, but not all coin collectors are numismatists.

RELATED TERMS
  1. Barter

    The act of trading goods and services between two or more parties ...
  2. Stock Certificate

    The physical piece of paper representing ownership in a company. ...
  3. Currency

    A generally accepted form of money, including coins and paper ...
  4. Hard Currency

    A currency, usually from a highly industrialized country, that ...
  5. Money

    An officially-issued legal tender generally consisting of currency ...
  6. Boot

    Cash or other property added to an exchange or other transaction ...
Related Articles
  1. The Birth Of Stock Exchanges
    Personal Finance

    The Birth Of Stock Exchanges

  2. The Evolution Of Banking
    Credit & Loans

    The Evolution Of Banking

  3. Old Stock Certificates: Lost Treasure ...
    Investing Basics

    Old Stock Certificates: Lost Treasure ...

  4. The History Of Money: From Barter To ...
    Forex Education

    The History Of Money: From Barter To ...

Hot Definitions
  1. Halloween Strategy

    An investment technique in which an investor sells stocks before May 1 and refrains from reinvesting in the stock market ...
  2. Halloween Massacre

    Canada's decision to tax all income trusts domiciled in Canada. In October 2006, Canada's minister of finance, Jim Flaherty, ...
  3. Zombies

    Companies that continue to operate even though they are insolvent or near bankruptcy. Zombies often become casualties to ...
  4. Witching Hour

    The last hour of stock trading between 3pm (when the bond market closes) and 4pm EST. Witching hour is typically controlled ...
  5. October Effect

    The theory that stocks tend to decline during the month of October. The October effect is considered mainly to be a psychological ...
  6. Repurchase Agreement - Repo

    A form of short-term borrowing for dealers in government securities.
Trading Center