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Questions tagged [coins]

Coins are physical tokens of currency, typically made of metal and of small denominations, issued by a central bank or similar. Coins are distinct from bank notes, which are typically of larger denominations and made from some kind of paper.

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What practical issues would there be with mostly hollow coinage?

I saw a hollowed out US half dollar in this reddit post, and thought "I wish all my coins were like that". Doing a quick search around, most coinage seems to be quite solid. There seem to be some ...
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3answers
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Bullion coins questions

I'm planning on buying Vienna Philharmonic bullion coins. What confuses me the most is the face value of the coins. For instance, copper coins have face value of 5 euros. Will I always be able to ...
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Protective Paint for Coins [closed]

I have an antique silver coin that I was planning on displaying on a ring, and I was wondering if there was a protective paint that I could put on the coin. The paint needs to be scratch resistant, ...
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Calculate the number of coins for a trade with a fixed amount of total risk

I trade altcoins. Could someone tell me, how to calculate the total amount of coins for a trade with a fixed amount of risk (including fee). For example, my risk is $100 per trade I use this ...
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1answer
1k views

Generic name for the smallest unit of currency?

For example, in Canada and the US, it's a "cent", in Bitcoin it's the "satoshi", in Bahrain it's the "fil". What's a generic word that means "smallest unit of this currency"? By "smallest" I mean ...
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1answer
94 views

Which US coin type has more older coins in circulation?

Which US coin type (as in Quarters, Cents, Dimes, Nickels, Half Dollars, etc.) has the most old coins out of all in circulation?
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3answers
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Is the Canadian Gold Maple Leaf actually used as legal tender?

How could it be that this gold coin was created as legal tender when its gold content value is much higher than its face value? https://en.wikipedia.org/wiki/Canadian_Gold_Maple_Leaf The face value ...
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0answers
119 views

Why are 1982 and 1983 MS-6x Quarters so Expensive?

I've been shopping to fill four holes in my Washington Quarters coin album: 1982-P/D and 1983-P/D. I understand that there were no official Mint Sets made that year. Mintage figures, on the order of ...
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Bank will not accept loose change. Is this legal?

I recently found out that my bank (Wells Fargo) no longer accepts loose (unrolled) change when I took in a bucket of change that I wanted to deposit into my account. Apparently, they do not have coin ...
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1answer
569 views

Gold coins with face value greater than the metal value — what's the catch?

If you're going to keep some money in cash, is there any downside to keeping it in gold coins that you can buy at their face value, where that face value is higher than the metal value? I came ...
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2answers
140 views

Coin collection evaluation process

What are some of the ways to research a coin collection you inherited.
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2answers
339 views

If Canadian silver coins are worth their value in precious metal/face value, why do the mints sell them for many times their worth?

I was recently taking a look at the the new Zodiac silver coin series of the Canadian Mint. For each Zodiac sign silver coin, the number minted is 5500 coins. their face value is 3 $CAD , 99.99% ...
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Moving Coin Collection to Stapled Coin Pockets

I'm organizing my coin collection into stapled pockets, organized in the special coin sleeves in a binder. In additional to my previously bulk-stored coins, I have about a half dozen of the blue ...
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2answers
3k views

What is the face value of sovereign and Britannia gold coins?

I have seen claims on the internet saying sovereigns have face value of £1 and £100. These coins therefore have an embedded put option at the strike being the face value.
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1answer
166 views

Are American Eagle $20 gold coins considered “securities”, requiring dealers to be licensed to sell them as such?

I wonder if anyone can tell me whether U.S. $20 American Eagle gold coins are considered to be "securities" for purposes of sale? In other words, if I want to start a business that buys/sells them to ...
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1answer
304 views

What is this coin and what is its value in INR? [closed]

I have a coin like currency with me.We all have gone mad thinking what it is.Help me find what is this. Front: Back:
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3answers
802 views

How do gold sovereign coins compare to other gold investments? [UK]

I'm starting with the assumption that gold is sometimes useful for diversifying risk, responding to economic instability, or generally commodity trading. That stated, there are obviously different ...
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1answer
635 views

The Purpose of Change Machines [closed]

I need some clearing up, do Change Machines exchange bills for coins or coins for bills. For example if I put a dollar in a Change Machine will I get four quarters back or visa versa?
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2answers
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How to convert coins into paper money or deposit coins into bank account, without your bank in local?

I don't have my banks or their deposit ATMs in a place in NY state, and I don't want to open accounts with the local banks. How can I convert my little jar of coins into paper money, or deposit them ...
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2answers
7k views

What to do with copper coins in Australia

I've got a handful of Australian 1 and 2 cent coins, which are no longer regularly used (unlike the scenario in How to get rid of spare change). Much as I like feathertail gliders and frilled neck ...
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1answer
12k views

Coin counting machines in UK bank branches

A colleague recently mentioned to me that many HSBC branches offer self-service coin counting machines - you tip a bag of loose change in, and it credits it to your account. No need to queue up and ...
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0answers
61 views

How to exchange a heavy box of mixed-denomination coins? [duplicate]

I'm living in the UK and I'm about to move flat. In the five years in my current flat I've accumulated around 20kg of mixed coins - from £0.05 to €2 at a glance. Are there any easy ways to exchange ...
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How does a mint determine the face value of precious metal coins and what does it mean?

If one were to look at silver/gold proof coins that are minted by/for/on behalf of the government, one could see that some coins would bear a face value, such as the 1/2 oz $25 American Eagle gold ...
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5answers
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What should I do with the change in my change-jar?

My change-jar is full, mostly with denominations < 50p. Last time I emptied it, I took it to a machine at the supermarket: ...but it charged me for the privilege of turning my change into usable ...
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2answers
7k views

Is it possible to carry gold coins through US customs, arriving from the UK?

I would like to offload some coins that I bought in Europe to the US markets. Are there any laws I need to be aware of, transporting US legal coins (US Gold Bullion Coins, Silver Dollars, Silver Half ...
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1answer
476 views

Is it possible to pay contracts using gold in the UK using legal tender gold coins?

I have looked around for this for ages and for obvious reasons, would be a very efficient means of paying bills without HMRC taking a cut (as long as I can't be attacked for Tax evasion). I have seen ...
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Why do the 1 and 2 euro cent coins exist and why are they used?

Let's say I go to the supermarket. I buy some milk priced at 2.34 €; at the cash I'm expected to either give 2.34 € (not 2.30 €) or give 2.35 € and wait for the 1 cent change. If I say I don't want ...
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2answers
1k views

Why is seigniorage different for paper notes and coins?

Wikipedia defines Seigniorage for paper notes and metal coins. Why is seigniorage for paper money not just face value - production cost? I can understand using just the interest rate in the age of the ...
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2answers
3k views

Basis for American collectible coins in lieu of proof of purchase price?

Say I have some silver half dollars, but no receipt of purchase. Can I claim face value (50 cents) as the basis should I sell, or is the basis nothing?
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2answers
3k views

Will modern coins and currency be worth money in the future?

Coins that are hundreds of years old can be worth a bit of money, but generally because they are rare. Say, I had some notes of francs or Zimbabwe dollars or some other currencies that are no longer ...
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4answers
250 views

What metals are available as bullion/coins?

Everyone is familiar with gold and silver coins and bullion. What other metals are available as bullion or coins, or other tradable form?
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11answers
17k views

How to get rid of spare change

So I have about $50 in pennies, dimes and nickels. What would you do with it? I'm asking because I don't think spending hours rolling up the change and taking it to the bank is the best/most ...
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9answers
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Should I stockpile nickels?

As the US dollar continues to be devauled the metal content value of US coins will eventually be worth more than the face value of the coins. There use to be silver in US coins but due to the ...
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4answers
479 views

Does the US produce a gold coin?

And if so, are there reputable places to obtain the coins (i.e. a local bank, US mint website, etc.)?
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6answers
692 views

What happened to the $1 coin in US?

The US, like Canada tried to introduce a $1 coin awhile back to reduce minting costs of the $1 paper bill. This was successful in Canada but not so much in the States. Why was it not widely adopted? ...
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1answer
2k views

What is the least valuable unit of actively used currency that is coined or printed?

Another question about the potential for giving up on pennies made me wonder. What is the smallest (in terms of value) unit of currency that has a minted coin or printed bill that is in active use ...
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427 views

I've heard pennies are being phased out in Canada. Is this true?

If so, will it affect how retailers price items? Will they round up?