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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.
Continued Coin FAQ |
