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  • 2) Find the information on these points in the text:

a) the countries that have the euro as the sole currency as of 2010,

b) the organizations that manage and administer the euro,

c) the number of countries that are pegged to the euro outside the Eurozone,

d) the date of introduction of the term euro,

e) the beginning of the euro circulation,

f) commemorative coins that have legal tender throughout Eurozone,

g) the denominations of the euro banknotes,

h) the denominations of the euro coins.

  • 3) Point out the problems that are discussed in this text: the term “euro,” the structure of the euro, the look of the banknotes and coins, comparison with the American dollar, commemorative coins, the names of the famous euro coin collectors, organizations managing and administering the euro, the countries of the euro sole currency, Russia’s plans to peg its currency to the euro, the outside Eurozone countries directly pegged to the euro currency.

6.8 Money collecting

  • 1) Do you know any collectors of interesting or valuable objects such as works of art, stamps, clothes, or other things, books, banknotes or coins and so on? Are you a collector yourself? Why do you think people are going in for collecting things?

  • 2) Read the heading, look through the text and say what the article is about.

Numismatics is the scientific study of currency and different payment media used to resolve debts and the exchange of goods. So, numismatists are students or collectors of coins.

Exonumia is the study of coin-like objects such as tokens, coins and medals, and other items used in place of legal currency or for commemoration. This includes elongated coins, encased coins, souvenir medallions, tags, badges, wooden nickels, credit cards, and other similar items. Many coin collectors are also exonumists.

Notaphily is the study of paper money or banknotes. It is believed that people have been collecting paper money for as long as it has been in use. However, people only started collecting paper money systematically in Germany in the 1920s, particularly the colourful “Serienscheine Notgeld” (Series Notes). The turning point occurred in the 1970s, when notaphily was established as a separate area by collectors. At the same time, some developed countries such as the USA, Germany and France began publishing their respective national catalogues of paper money.

Scripophily is the study and collection of stocks and bonds. It is an interesting area of collecting due to both the inherent beauty of some historical documents as well as an interesting historical context of each document. Some stock certificates are excellent examples of engraving. Occasionally, an old stock document can still have value as a stock in a successor company.

  • 3) Say if these questions are covered in the text:

a) the study and collection of stocks and bonds,

b) a collection of baseball caps,

c) the collection of currency of different countries,

d) the collection of paper money of Russia,

e) the collection of coin-like objects,

f) the collection of adventure books.

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