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A coin is a piece of hard material that is standardized in weight, is produced in large quantities in order to facilitate trade, and primarily can be used as a legal tender token for commerce in the designated country, region, or territory. Coins are usually metal or a metallic material and sometimes made of synthetic materials, 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 large numbers of bullion coins. In the present day, coins and banknotes make up the cash forms of all modern money systems. Coins made for paying bills and 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. Examples of modern gold collector/investor coins include the American Gold Eagle minted by the United States, the Canadian Gold Maple Leaf minted by Canada, and the Krugerrand, minted by South Africa. 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 How can I find out how much my coins are worth? Q. I've got a small collection of silver coins from various countries, all from the 20th century. I've no idea if they're worth anything or not, but it would be good to find out. I tried searching on Google for coin prices, but I just got the same few sites over and over, which were pretty useless. Is there a catalogue or something out there with guideline prices for coins? Asked by Alex 42 - Wed Aug 9 14:57:18 2006 - - 8 Answers - 0 Comments A. Hi. I am a coin dealer in the Midwestern US. Here's the correct answer. The value guide you are searching for is called the Standard Catalog of World Coins. It comes out annually, and lists coins from around the world A-Z, from 1901 to the present. (There are also volumes that cover 1801-1900, 1701-1800, and 1601-1700, available separately.) This book is about the size of a big city phone directory and will list all the coins you have, assuming they are all 20th century as you stated. You could likely find a copy at the local library, or if you want to buy one, coin dealers sell it for around $60. Bear in mind that the values listed are retail values, and not necessarily what you could sell the items for. PS. The guy above who was ripping… [cont.] Answered by answerman63 - Wed Aug 9 15:18:10 2006 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 many different combination of coins can make 25 cents?
Q. If I buy something for 25 cents, how many different combination of coins can I use? Example: 1 quarter or 1 nickel and 2 dimes. Asked by Hartej - Wed Jun 2 18:45:56 2010 - - 4 Answers - 0 Comments A. Assuming modern USA coinage. 1Q 1D 3N 1D 2N 5P 1D 1N 10P 1D 15P 2D 1N 2D 5P 5N 4N 5P 3N 10P 2N 15P 1N 20P 25P I count 13 combinations If you allow for alternative coinage from early America, there are far more. We at one time circulated the 20 , 3 , 2 , and coins. Answered by CogitoErgoCogitoSum - Wed Jun 2 18:49:42 2010 From Yahoo Answer Search: "Coins"
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