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The Numismatics Portal. Electrum coin from Ephesus, 520-500 BCE. Obverse: Forepart of stag. Reverse: Square incuse punch. Numismatics is the study or collection of currency, including coins, tokens, paper money, medals and related objects.
The primary functions which distinguish money are: medium of exchange, a unit of account, a store of value and sometimes, a standard of deferred payment. Money was historically an emergent market phenomenon that possessed intrinsic value as a commodity; nearly all contemporary money systems are based on unbacked fiat money without use value.
New coins have been produced annually and they comprise a significant aspect of the United States currency system. Circulating coins exist in denominations of 1¢ (i.e. 1 cent or $0.01), 5¢, 10¢, 25¢, 50¢, and $1.00. Also minted are bullion, including gold, silver and platinum, and commemorative coins. All of these are produced by the ...
Precious metals in the form of coins whose market value is determined by metallic content rather than scarcity. bullion value The current market value of the raw precious metal content of a coin. For example, the bullion value for Canadian silver coins minted between 1920 and 1966 is 12 times the face value when silver is $20.00 per troy ounce.
A coin catalog (or coin catalogue) is a listing of coin types. Information may include pictures of the obverse and reverse (front and back), date and place of minting, distribution type, translation of inscriptions, description of images, theme, metal type, mintage, edge description, orientation of the coin, weight, diameter, thickness, design credentials, shape and prices for various grades.
In 2011, the US Mint changed the finish of Mint Set coins to a more proof-like "brilliant" finish. This change was made because the satin finish of the 2005–2010 coins made contact marks more apparent. [5] The brilliant finish coins are struck with more force than circulation coins, resulting in higher quality and more detailed design.
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