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Around 2500 BC Ancient Egyptians were making metal rings which some historians think they used as money
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Canadian colonies began to use paper money and these was big innovation. Paper money was used internationally.
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Europeans were using metal coins, made with metal from teir colonies oversea. Now coins and notes are only a symbolic representation of these precious metals and can no longer be exchenged for them.
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They used objects like tools and weapons to be traded to get different objects. They used discs of electrum(a natural mix of silver and gold) and they stamped pictures in them. The first stamped coin´s picture is King Croesus face.
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They made some discs of metal to make coins.Between 700 and 600 BC they had made the first coin in the history.The coins had a stamped pictures to show their value.The first gold coin was minted by the Lydian king Croesus.
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In 1700s the pirates paid in pieces of eight in shops. Spanish eight real coin was often split up into bits to pay things. "Bit" was a English small coin and it was used very recently.
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Today the people uses credit and debit cards to pay because is more confortable but people uses physical money too specially to make small purchases.
