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Coin
A coin is a small object, usually round and flat, used primarily as a medium of exchange or legal tender. They are standardized in weight, and produced in large quantities at a mint in order to facilitate trade. They are most often issued by a government. Coins often have images, numerals, or text on them. The faces of coins or medals are sometimes called the ''obverse'' and the ''reverse'', referring to the front and back sides, respectively. The obverse of a coin is commonly called ''heads'', because it often depicts the head of a prominent person, and the reverse is known as ''tails''. The first metal coins – invented in the ancient Greek world and disseminated during the Hellenistic period – were precious metal–based, and were invented in order to simplify and regularize the task of measuring and weighing bullion (bulk metal) carried around for the purpose of transactions. They carried their value within the coins themselves, but the stampings also induced manip ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2€ Commemorative Coins
€2 commemorative coins are special euro coins that have been minted and issued by member states of the eurozone since 2004 as legal tender in all eurozone member states. €2 coins are the only denomination intended for circulation that may be issued as commemorative coins. Only the national Obverse and reverse, obverse sides of the commemorative coins differ; the common reverse sides do not. The coins typically Commemorative coin, commemorate the anniversaries of historical events or current events of special importance. Since 2012, the number of commemorative coins has been limited to two per country per year; previously only one was allowed. Issues of common commemoratives do not count towards the limit. The total number of commemorative coins placed in circulation per year is also limited. The commemorative coins must follow the design standards stipulated for regular €2 coins, with design limitations to guarantee uniformity. Up to the end of 2024, 548 variations of � ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Coin Clipping
A coin is a small object, usually round and flat, used primarily as a medium of exchange or legal tender. They are standardized in weight, and produced in large quantities at a mint in order to facilitate trade. They are most often issued by a government. Coins often have images, numerals, or text on them. The faces of coins or medals are sometimes called the ''obverse'' and the ''reverse'', referring to the front and back sides, respectively. The obverse of a coin is commonly called ''heads'', because it often depicts the head of a prominent person, and the reverse is known as ''tails''. The first metal coins – invented in the ancient Greek world and disseminated during the Hellenistic period – were precious metal–based, and were invented in order to simplify and regularize the task of measuring and weighing bullion (bulk metal) carried around for the purpose of transactions. They carried their value within the coins themselves, but the stampings also induced manipulat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sovereign (British Coin)
The sovereign is a British gold coin with a face value, nominal value of one pound sterling (£1) and contains of pure gold. Struck since 1817, it was originally a Currency in circulation, circulating coin that was accepted in Britain and elsewhere in the world; it is now a bullion coin and is sometimes mounted in jewellery. In addition, circulation strikes and proof coin, proof examples are often collected for their numismatic value. In most recent years, it has borne the design of Saint George and the Dragon on the obverse and reverse, reverse; the initials () of the designer, Benedetto Pistrucci, are visible to the right of the date. The coin was named after the English gold sovereign, which was last minted about 1603, and originated as part of the Great Recoinage of 1816. Many in Parliament believed a one-pound coin should be issued rather than the 21-shilling guinea (British coin), guinea that was struck until that time. The Master of the Mint, William Wellesley-Pole, 3 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Legal Tender
Legal tender is a form of money that Standard of deferred payment, courts of law are required to recognize as satisfactory payment in court for any monetary debt. Each jurisdiction determines what is legal tender, but essentially it is anything which, when offered ("tendered") in payment of a debt, extinguishes the debt. There is no obligation on the creditor to accept the tendered payment, but the act of tendering the payment in legal tender discharges the debt. It is generally only mandatory to recognize the payment of legal tender in the discharge of a monetary debt from a debtor to a creditor. Sellers offering to enter into contractual relationship, such as a contract for the sale of goods, do not need to accept legal tender and may instead contractually require payment using electronic methods, foreign currencies or any other legally recognized object of value. Coins and banknotes are usually defined as legal tender in many countries, but personal cheque, checks, credit c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Coinage Metals
The coinage metals comprise those metallic chemical elements and alloys which have been used to mint coins. Historically, most coinage metals are from the three nonradioactive members of group 11 of the periodic table: copper, silver and gold. Copper is usually augmented with tin or other metals to form bronze. Gold, silver and bronze or copper were the principal coinage metals of the ancient world, the medieval period and into the late modern period when the diversity of coinage metals increased. Coins are often made from more than one metal, either using alloys, coatings ( cladding/plating) or bimetallic configurations. While coins are primarily made from metal, some non-metallic materials have also been used. History Early coinage made from metal came into use during the Axial Age in the Greek world, in northern India, and in China, as coins became a widespread embodiment of money. Bronze, gold, silver and electrum (a naturally occurring pale yellow mixture of gold and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Commemorative Coins
A commemorative coin is a coin issued to commemorate some particular event or issue with a distinct design with reference to the occasion on which they were issued. Some coins of this category serve as collector's items only, while most commemorative coins are for regular circulation. Subcategories Commemorative coins can be seen as being of one of three types: *'' Regular issue coinage'' are the normal coins intended to be used in commerce every day and are typically issued with the same design for several years, e.g. euro coins. *''Circulating commemoratives'' are intended to be used for commerce, but the design will only be issued for a limited time to commemorate an event, anniversary, person or location, among other items. Examples include the €2 commemorative coins and U.S. 50 State Quarters. *'' Non-circulating legal tender (NCLT)'' are coins which are legal tender, and thus can in theory be used to purchase goods or services, but are not intended to be used in such ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Canadian Gold Maple Leaf
The Canadian Gold Maple Leaf (GML; ) is a gold coin, gold bullion coin that is issued annually by the Government of Canada. It is produced by the Royal Canadian Mint. The Gold Maple Leaf is legal tender with a face value of 50 Canadian dollars. The Commodity market, market value of the metal varies, depending on the Spot contract, spot price of gold. Having a .9999 millesimal fineness (24 karat (purity), karats), in some cases .99999, the coin is among the purest official bullion coins worldwide. The standard version has a weight of minimum 1 troy ounce (31.1 grams). Other sizes and denominations include: 1 gram, ($0.50), ($1), ($5), ($10) and ($20). History The coin was introduced in 1979. At the time the only competing bullion coins being minted were the Krugerrand (which was not widely available because of the economic boycott of apartheid-era South Africa) and the Coins of the Austro-Hungarian krone, Austrian 100 Corona. Coins minted between 1979 and 1982 have a finenes ... [...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 first mint was likely established in Lydia in the 7th century BC, for coining gold, silver and electrum. The first coins known to be minte ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gresham's Law
In economics, Gresham's law is a monetary principle stating that "bad money drives out good". For example, if there are two forms of commodity money in circulation, which are accepted by law as having similar face value, the more valuable commodity will gradually disappear from circulation. The law was named in 1857 by economist Henry Dunning Macleod after Sir Thomas Gresham (1519–1579), an English financier during the Tudor dynasty. Gresham had urged Queen Elizabeth to restore confidence in then- debased English currency. The concept was thoroughly defined in Renaissance Europe by Nicolaus Copernicus and known centuries earlier in classical Antiquity, the Near East, and China. "Good money" and "bad money" Under Gresham's law, "good money" is money that shows little difference between its nominal value (the face value of the coin) and its commodity value (the value of the metal of which it is made, often precious metals, such as gold or silver). The price spread betwe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
American Gold Eagle
The American Gold Eagle is an official gold bullion coin of the United States. Authorized under the Gold Bullion Coin Act of 1985, it was first released by the United States Mint in 1986. Because the term "eagle" also is the official United States designation for the pre-1933 ten dollar gold coin, the weight of the bullion coin is typically used when describing American Gold Eagles (e.g., "1/2-ounce American Gold Eagle") to avoid confusion with the pre-1933 coins. This is particularly true with the 1/4-oz American Gold Eagle, which has a marked face value of ten dollars, the same as that of its predecessor. Details Offered in 1/10 oz, 1/4 oz, 1/2 oz, and 1 oz denominations, these coins are guaranteed by the U.S. government to contain the stated amount of actual gold weight in troy ounces. By law, the gold must come from sources in the United States, alloyed with silver and copper to produce a more wear-resistant coin. In addition, sales of these and other specie coins fro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Obverse And Reverse
The obverse and reverse are the two flat faces of coins and some other two-sided objects, including paper money, flags, seals, medals, drawings, old master prints and other works of art, and printed fabrics. In this usage, ''obverse'' means the front face of the object and ''reverse'' means the back face. The obverse of a coin is commonly called ''heads'', because it often depicts the head of a prominent person, and the reverse ''tails''. In numismatics, the abbreviation ''obv.'' is used for ''obverse'',David Sear. ''Greek Imperial Coins and Their Values.'' Spink Books, 1982. p. xxxv. while , )(Jonathan Edwards. ''Catalogue of the Greek and Roman Coins in the Numismatic Collection of Yale College, Volume 2.'' Tuttle, Morehouse & Taylor, 1880. p. 228. and ''rev.''Allen G. Berman. ''Warman's Coins And Paper Money: Identification and Price Guide.'' Penguin, 2008. are used for ''reverse''. Vexillologists use the symbols "normal" for the obverse and "reverse" for the reverse ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bullion Coins
A bullion coin (also known as a specie) is a coin struck from highly refined precious metal (bullion) and kept as a store of value or an investment rather than used in day-to-day commerce, or collectable, with numismatic value beyond that of its metal content. A bullion coin is distinguished by its weight (or mass) and fineness on the coin. Unlike rounds, bullion coins are minted by government mints and have a legal tender face value. Bullion coins can have fineness ranging from 91.9% (22 karat) to 99.99% purity (24 karat). In the United Kingdom coins deemed to be investment coins are exempt from value-added tax (VAT) on transactions. A coin is considered to be an investment coin if it was minted after 1800, and at least 900 thousandths fine, and has been legal tender in its country of origin, and not normally sold at more than 180% of the value of its precious metal content; or if it is on a long list of coins deemed to be investment coins. This Web page links to the current list ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
