Evaluation of the Present Value of Ancient Coins
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Jafar Mehdizadeh * |
Central Bank of the Islamic Republic of Iran, Economic Research and Policy Department |
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Abstract: (2087 Views) |
Many of the pious bequest policies (Vaghf)
at present time are denominated by old or ancient coins, the present value of
which is not well known. Therefore, fixing the annual custodian fee for Vaghf
is quite difficult. Moreover, the difficulty of evaluation of the present value
of the dowry the husband has to pay to the bride after the marriage (Mahr)
has created lots of difficulties for Ministry of Justice. Regarding the methods
of minting coins in the past which were not centralized and the coins were
“hammer hardened”, they were of different value, different weight and even
different names and place of issue. This variety makes the evaluation of the
ancient coins very sophisticated. In addition, the evaluation of the present
value of the ancient coins which were themselves mediums of measuring the value
of other goods is rather a difficult task. For this reason, the correct method
of evaluating the present value of these coins is to recognize first the
characteristics of these coins, and then selecting the best method of
evaluating its present value as considered in this research.
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Full-Text [PDF 208 kb]
(651 Downloads)
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Type of Study: Research |
Subject:
Monetary Economics Received: 2014/04/21 | Accepted: 2014/04/21 | Published: 2014/04/21
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