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Casa De Moneda De Coquimbo
The Casa de Moneda de Coquimbo was a Mint (facility), mint created in La Serena, Chile, La Serena, established on September 27, 1827, due to the silver mining boom triggered by the discovery of silver at Arqueros (1825). From the point of view of the Chilean government of that period, to purchase silver and make coins in the province of Coquimbo was more economical than transport the silver to Santiago. This mint is noted for being the only official mint located outside Santiago during the history of Chile. Gregorio Cordovez del Caso was appointed as intendent of the mint on 24 June, 1828. Location The mint was housed in the cloister of the Iglesia de San Francisco (La Serena), Iglesia de San Francisco, one of the oldest churches in the city. History Despite the fact that the mines of the zone produced above 85% of the silver extracted in Chile between 1825-1832, the Casa de Moneda de Coquimbo never prospered as expected due to political reasons (the creation of the Coquim ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mint (facility)
A mint is an industrial facility which manufactures coins that can be used as currency. The history of mints correlates closely with the history of coins. In the beginning, hammered coinage or cast coinage were the chief means of coin minting, with resulting production runs numbering as little as the hundreds or thousands. In modern mints, coin dies are manufactured in large numbers and planchets are made into milled coins by the billions. With the mass production of currency, the production cost is weighed when minting coins. For example, it costs the United States Mint much less than 25 cents to make a quarter (a 25 cent coin), and the difference in production cost and face value (called seigniorage) helps fund the minting body. Conversely, a U.S. penny ($0.01) cost $0.015 to make in 2016. History The first minted coins The earliest metallic money did not consist of coins, but of unminted metal in the form of rings and other ornaments or of weapons, which were used for th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
