Firstly, most of us tend to first think of ‘money’ in the forms of metallic coins (e.g., copper, silver, gold) then in fiat paper currency or anything else of portable value that can be placed in a small portable purse, pocket or physical wallet. The wallet is easily accessible by being on or near the person and available almost instantly to facilitate purchases. Our wallets held intrinsically valuable precious items.
Source: www.marshalhistorical.cz
The wallet or purse was intended for relatively small and frequent purchases. It was mostly seen as being portable and easily carried on the person. The bearer of the wallet was assumed to be the legal owner of the wallet's contents as ‘possession being 9/10 of the law’ was well represented in statute. The contents of such wallets were traditionally coins and therefore ‘fungible’ e.g. one was the same as another of the same type and representing the same stored value. The combination of the wallets port…
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