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A coin is a piece of hard material, usually metal or a metallic material, usually in the shape of a disc, and most often issued by a government. Coins are used as a form of money in transactions of various kinds, from the everyday circulation coins to the storage of vast numbers of bullion coins. In the present day, coins and banknotes make up the cash forms of all modern money systems. Coins made for circulation (general monetized use) are usually used for lower-valued units, and banknotes for the higher values; also, in most money systems, the highest value coin made for circulation is worth less than the lowest-value note. The face value of circulation coins is usually higher than the gross value of the metal used in making them, but this is not generally the case with historical circulation coins made of precious metals. Exceptions to the rule of coin face-value being higher than content value, also occur for some "bullion coins" made of silver or gold (and, rarely, other metals, such as platinum or palladium), intended for collectors or investors in precious metals. For examples of modern gold collector/investor coins, the United States mints the American Gold Eagle, Canada mints the Canadian Gold Maple Leaf, and South Africa mints the Krugerrand. The American Gold Eagle has a face value of US$50, and the Canadian Gold Maple Leaf coins also have nominal (purely symbolic) face values (e.g., C$50 for 1 oz.); but the Krugerrand does not. Historically, a great number of coinage metals (including alloys) and other materials have been used practically, artistically, and experimentally in the production of coins for circulation, collection, and metal investment, where bullion coins often serve as more convenient stores of assured metal quantity and purity than other bullion. Coins have long been linked to the concept of money, as reflected by the fact that in other languages the words "coin" and "currency" are synonymous. Fictional currencies may also bear the name coin (as such, an item may be said to be worth 123 coin or 123 coins). From Wikipedia under the
GNU Free Documentation License What is the metalic composition of the US gold colored dollar coins? Q. A friend returned from Greece today and gave me some Euro coins that I tested to be magnetic. Canadian 'looneys' (one dollar coin) are magnetic although appear gold as do our recently minted dollar coins. But US dollar coins are not attracted by a magnet. Asked by Robert B - Fri May 15 16:37:20 2009 - - 1 Answers - 0 Comments A. Note: The metallic composition of a Sacagawea Golden Dollar coin is identical to that of the Presidential Dollar coin. Answered by Al in NC - Sat May 16 04:50:45 2009 What coins make for the best long term investments? Q. Ok, Is it better to invest in rare coins and speculate on thier numismatic value going up or is it better to invest in pre-1964, that you can buy at or bellow melt, silver coins and speculate on them increasing in price due to thier bullion vallue? Also, if its better to invest by speculating on bullion value, is it better to buy silver coins at bellow melt or to buy bullion coins such as maple leafs, silver eagles, pandas ect? My final question is rather or not it would be possible for someone to build enough wealth to retire comfortably in say 25-30 years by investing wisely in coins either for thier numismatic or bullion values? Hello, Im 29 now and have just started in coins. My plan is to invest in them systematically on a… [cont.] Asked by james j - Sun Apr 1 00:07:37 2007 - - 4 Answers - 0 Comments A. There are quite a few different parts to this question that require somewhat elaborate answers. First, coins are not exactly investments. They fall more into the relm of speculation. The reason being that there is no real basis for their value other than what a person might be willing at any particular time to pay for them. That does not mean that they might not over time become worth more. In fact many have have. If you concentrate on silver bullion coins, you are going to have to have a very large vault to store them in. That is one of the big drawbacks to buying bullion silver. Gold not so large. Certain numismatic coins have had a history of steady increase in value, especially the key dated U S coins such as the 1877 penny… [cont.] Answered by muncie birder - Sun Apr 1 09:34:30 2007 How do I find out how much these coins are worth?
Q. I just inherited a couple gold coins from The Hamilton mint - Sprit of America 1976 Bicenntenial. A few silver bars from The Franklin Mint 1970 & 1974 Christmas series, and some "wonders of mankind" silver coins by Encyclopaedia Britannica. I have looked online and cannot seem to find out any information - especially how much they are worth. Help? Asked by sandy c-t - Wed May 16 16:51:58 2007 - - 4 Answers - 0 Comments A. I don't think there's any book or website that I have encountered so far listed such items. I collect coins, and can give you an idea of what to expect at the coin dealer's shop. Now first of all, those items are not coins, but medallions and bullion bars and they generally do not have a secondary collector market. Most collectors who bought such collectibles at premium issue prices ended up losing money when they resell because coin dealers are paying bullion prices for these items, minus a certain percentage of the precious metal price for profits. Those collectibles should come with a certificate of some sort detailing the weight, precious metal fineness and measurements. Use that to determine the value of your items. To get the best… [cont.] Answered by silverpet - Wed May 16 20:35:37 2007 From Yahoo Answer Search: "Coins"
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