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

Coins are generally hard round pieces ofalloys of all kinds are used for minting
metal that are used as currency and havecoins , earlier valuable metals like
ben used this way for centuriesgold silver and platinum were used which
together. Coins are issued by the banksthen became collectors item or Bullion
or Government . Coins are used for daycoins ,for currency the use of copper
to day circulation in daily life. Lowercame into practice this too at some
denomination are in form of coins wherepoint when the metal value of copper
as higher denominations are issued inincreased had to be ceased after copper
form of bank notes .Nickel was very popular for small coins
The gross value of the metal used inof cent and quarter .Nowadays steel is
coins is much lower than the face valueused practically for all the coins
of the coin.,though plating and coloring of
Exception to the currency coins are thedifferent kinds are given to create
Bullion coins ,coins made out ofdifferentiation among the coins.
precious metal like gold silver andThere are many types of coins
platinum. These coins are not used forCurrency coins are the ones used for day
currency, gold coins and silver coins asto day circulation ,the face value of
currency was ceased in 1933 when thethese coins is the market value of the
gross value of the coin became highercoin ,the gross value of the coin is
than the face value.lower than the face value.
Gold and Silver coins are not producedBullion Coins -Gold and Silver coins
only as souvenirs or as collectors item,the coin value of these coins depends
or for investors.100%on the market value of the metal ,a
Gold and Silver coins being verygold coin is priced as per the
valuable are mainly produced for coinprevailing rate of the gold metal
collectors ,or for investors who.Bullion coins are valued as per the
purchase these coins to safe guard theircost of metal their standard weight as
savings. These valuable coins are a goodwell as their purity. These coins are no
way of liquidating your investments ,inmore used In circulation, they are used
the United States financial planners areas investors item .
known to advice their clients to put atRare antique coins
least 40 % of their savings inThese coins are collectors item , the
purchasing these Gold and Silver Bullionvalue of these coins is determined by
coins.the rarity the age the condition the
Every country mints Gold coins for theirdate of issue the mint mark of the coin
investors as well as coin. If the above criteria's are not met
collectors.United Stats mints thewith the coin ,the coin is graded with a
American Gold Eagle.Canada is known tolow grade and the market value of the
mint the very popular Canadian Goldcoin is relatively low.
Maple Leaf.Certain coins have historical
South Africa is known to mint the not sosignificance to their presence and such
popular in demand the Krugerrand.coins whatever be the condition are well
The face value of the U.S Eagle is 10$priced n the collectors market.
,though In this case the face valueCoins have been a part of our lives from
makes no difference as the gross valuethe 6th century BC ,the first coin was
of the coin is much more ,the coin inminted by the Mahajanapadas of Indo-
this case is valued as per theGangetic Plan since then coins are an
prevailing market price of Gold metal.essential part of lives either in form
The Canadian Maple Gold leaf also has aof currency or In form of Bullion coins
nominal face value.as investment.
A great number of metals are used forCoins - go figure - and enjoy!
the production of coins ,metals and



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