inscription on the coin
Answers
A coin is a small, flat, (usually, depending on the country or value) round piece of metal or plastic used primarily as a medium of exchange or legal tender. They are standardized in weight, and produced in large quantities at a mint in order to facilitate trade. They are most often issued by a government.
Coins are usually metal or alloy, or sometimes made of synthetic materials[disambiguation needed]. They are usually disc shaped. Coins made of valuable metal are stored in large quantities as bullion coins. Other coins are used as money in everyday transactions, circulating alongside banknotes. Usually the highest value coin in circulation (i.e. excluding bullion coins) is worth less than the lowest-value note. In the last hundred years, the face value of circulation coins has occasionally been lower than the value of the metal they contain, for example due to inflation. If the difference becomes significant, the issuing authority may decide to withdraw these coins from circulation, possibly issuing new equivalents with a different composition, or the public may decide to melt the coins down or hoard them (see Gresham's law).
Exceptions to the rule of face value being higher than content value also occur for some bullion coins made of copper, silver, or gold (and, rarely, other metals, such as platinum or palladium), intended for collectors or investors in precious metals. Examples of modern gold collector/investor coins include the British sovereign minted by the United Kingdom, the American Gold Eagle minted by the United States, the Canadian Gold Maple Leaf minted by Canada, and the Krugerrand, minted by South Africa.
Answer:
A coin is a tiny, flat, spherical piece of metal or plastic that is primarily used as legal tender or as a means of transaction. They are mass-produced in a mint in order to simplify trade, and their weight is standardised. Governments most frequently issue them.
Explanation:
Coins are often constructed of metal, metal alloys, or occasionally synthetic materials. They often have a disc shape. Bullion coins are vast amounts of coins composed of precious metal that are kept in storage. Along with banknotes, other coins are also in circulation and are used as money in regular transactions. The most valuable coin in circulation typically has a lower value than the cheapest bill. The face value of circulation coins has occasionally fallen below the worth of the metal they contain throughout the past century, for instance as a result of inflation.
For some bullion coins made of copper, silver, or gold (and, sporadically, other metals, such as platinum or palladium), intended for investors in precious metals or coin collectors, exceptions to the rule of face value being higher than content value also apply.
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