It has since cultivated over 8,00,000 objects dating back to 650 BCE and exhibits a numismatic library of around 100,000 books and artefacts. For instance, The American Numismatic Society, founded in New York City in 1858, was formed to foster public recognition of coins, medals, and currencies. There are various organisations dedicated to the study, research, and advancement of numismatics sciences. It jointly stemmed from the French word "numismatiques" derived from the Latin word "numismatis". The word "numismatics" was first used in English in 1829, originating from the word adjective numismatic meaning "of coins". It is a popular belief that numismatics commenced during the European Renaissance, as an exercise of re-discovering all classical things. Hence, all numismatists are coin collectors, but not all coin collectors are numismatists. Numismatics also is different from collecting coin since the former involves scientific research. Numismatists study the physical properties of the payment media instead of development and use. Numismatics varies from economic and historical studies of money. Scripophily - the study of securities, such as stocks and bonds.Notaphily - the study of paper money, such as banknotes.Exonumia - the study of coin-like objects, for instance, medals used in place of currency.Numismatics consists of various subfields, some of which are as listed below: Since the study of numismatics applies to coins, it often deals with the research of the making and use of the coins to check their rarity. Numismatics refers to the art and knowledge of the material embodiment of different payment media, such as currencies.
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