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.
Questions tagged [coins]
47 questions
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How should spare change be exchanged?
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 creative thing.
More info: I took the change to the…
MrDatabase
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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.)?
Gary
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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 continued debasement of the dollar, the silver content of…
Muro
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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? Are these coins still available in circulation?
Zephyr
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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 like the smallest amount that you would see in your…
mpen
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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?
Nat_Rea
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Where to sell metals with numismatic value
I have various silver and gold bars and coins. After getting quotes for my collection from a local coin shop, I noticed that the bullion values are reasonable, but for rare coins, the quote is far lower than the actual value of the coins.
In the…
JacobIRR
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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 counters anymore. They told me to roll the change…
Marc
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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 used.
Will they gain value in the future? Or will…
Joe.E
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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 is 50 Canadian dollars.
1 ounce of gold is…
rapt
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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 worldwide?
Also, what is the value of that…
JohnFx
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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 across this €1000 coin, which can actually be bought…
EM0
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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?
mbhunter
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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 funds to the order of 8.9% - quite a large cut.
How…
Tom Medley
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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 gold standard, but why today? Is it because the…
highBandWidth
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