Money has been on our minds since the first coins of Lydia. We make it, trade it, earn it, collect it and think about it. Society interacts with money: the great facilitator and persuader. We say it’s not everything, but it sure does have a lot to do with almost everything we do. As we enter a new era in the evolution of the coin, the world is coming to grips with perceived changes to the foundation of money and finance.
Collectors and researchers at Austin Lloyd will always regard the iconic gold and silver coins as the ultimate monetary standard. They have been the workhorse of trade, investment and collecting, and they are things of true beauty. Precious metal coins speak to us of history, craftsmanship and value. Numismatists prize the coin as more than currency, and rightly so.
And what of the new coin on the scene? Cryptocurrencies are making waves in finance, but many still see them as "fake money." They certainly aren't the things we know as coins in the physical sense, but they do bear similarities in value and standardization. We believe bitcoin, the blockchain and cryptocurrencies are worth some research and attention from the community that knows money like no other.
In Coinage to Crypto, an original series on real money from Austin Lloyd, we research the relationship between old and new standards. We explore the kinship between coinage and cryptocurrency as real symbols of value. Come along for the ride.
The composite graph above shows the uncanny similarities between gold and bitcoin trading in key trading periods.