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How Coins Have Influenced our Lives From the 6th Century Bc

Coins are generally hard round pieces ofvaluable metals like gold silver and platinum
metal that are used as currency and have benwere used which then became collectors item
used this way for centuries together. Coinsor Bullion coins ,for currency the use of
are issued by the banks or Government . Coinscopper came into practice this too at some
are used for day to day circulation in dailypoint when the metal value of copper
life. Lower denomination are in form of coinsincreased had to be ceased after copper
where as higher denominations are issued inNickel was very popular for small coins of
form  of  bank  notes  .cent and quarter .Nowadays steel is used
practically for all the coins ,though plating
The gross value of the metal used in coins isand coloring of different kinds are given to
much  lower  than the face value of the coin.create  differentiation  among  the  coins.
Exception to the currency coins are theThere  are  many  types  of  coins
Bullion coins ,coins made out of precious
metal like gold silver and platinum. TheseCurrency coins are the ones used for day to
coins are not used for currency, gold coinsday circulation ,the face value of these
and silver coins as currency was ceased incoins is the market value of the coin ,the
1933 when the gross value of the coin becamegross value of the coin is lower than the
higher  than  the  face  value.face  value.
Gold and Silver coins are not produced onlyBullion Coins -Gold and Silver coins ,the
as souvenirs or as collectors item or forcoin value of these coins depends 100%on the
investors.market value of the metal ,a gold coin is
priced as per the prevailing rate of the gold
Gold and Silver coins being very valuable aremetal .Bullion coins are valued as per the
mainly produced for coin collectors ,or forcost of metal their standard weight as well
investors who purchase these coins to safeas their purity. These coins are no more used
guard their savings. These valuable coins areIn circulation, they are used as investors
a good way of liquidating your investmentsitem  .
,in the United States financial planners are
known to advice their clients to put at leastRare  antique  coins
40 % of their savings in purchasing these
Gold  and  Silver  Bullion  coins.These coins are collectors item , the value
of these coins is determined by the rarity
Every country mints Gold coins for theirthe age the condition the date of issue the
investors as well as coin collectors.Unitedmint mark of the coin . If the above
Stats mints the American Gold Eagle.Canada iscriteria's are not met with the coin ,the
known to mint the very popular Canadian Goldcoin is graded with a low grade and the
Maple  Leaf.market  value  of the coin is relatively low.
South Africa is known to mint the not soCertain coins have historical significance to
popular  in  demand  the  Krugerrand.their presence and such coins whatever be the
condition are well priced n the collectors
The face value of the U.S Eagle is 10$market.
,though In this case the face value makes no
difference as the gross value of the coin isCoins have been a part of our lives from the
much more ,the coin in this case is valued as6th century BC ,the first coin was minted by
per the prevailing market price of Goldthe Mahajanapadas of Indo- Gangetic Plan
metal. The Canadian Maple Gold leaf also hassince then coins are an essential part of
a  nominal  face  value.lives either in form of currency or In form
of  Bullion  coins  as  investment.
A great number of metals are used for the
production of coins ,metals and alloys of allCoins - go figure - and enjoy!
kinds are used for minting coins , earlier



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