By Mike Maharrey
Money Metals Exchange, Eagle, Idaho
Friday, November 21, 2025
If I travel to another country, I'll generally need to make a currency exchange before I can go shopping. I'll have to swap my dollars for euros if I'm in Europe, or for yuan if I'm in China, or perhaps for lira if I'm in Turkey.
However, in ancient times, a currency exchange wasn't necessary because the money had intrinsic value that was recognized worldwide.
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The amount of Islamic silver that found its way into Scandinavia attests to the portability of money in the ancient world.
In 1844 a farmer discovered a large trove of silver in a field. A Viking likely buried the treasure. It included jewelry along with a large number of silver coins with Arabic inscriptions. ...
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