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A Castaing machine, on display at the American Numismatic Association museum.. The Castaing machine is a device used to add lettering and decoration to the edge of a coin. . Such lettering was necessitated by counterfeiting and edge clipping, which was a common problem resulting from the uneven and irregular hammered coi
The struck coin is fed into the machine and the machine then pressed the design into the edge of the coin. Sometimes a mint will use both methods to apply an edge design. The U.S. Mint, for example, used an edge incusing machine to letter the edges business strike presidential dollars and a collar for the proof versions of these coins.
The 50 State Quarters Program was started to support a new generation of coin collectors, [1] [2] and it became the most successful numismatic program in US history, with roughly half of the US population collecting the coins, either in a casual manner or as a serious pursuit. [3]
New Jersey’s Manasquan Bank has coin machines at many, if not all, branches. Bank clients can bring their coins in for free. Non-clients pay a 15% redemption fee.
Coinstar, LLC (formerly Outerwall, Inc.) is an American company operating coin-cashing machines.. Coinstar's focus is the conversion of loose change into paper currency, donations, and gift cards via coin counter kiosks which deduct a fee for conversion of coins to banknotes; it processes $2.7 billion worth of coins annually as of 2019. [2]
An elongated coin (also known as a pressed penny or smashed penny) is a coin that has been flattened or stretched, and embossed with a new design. Such coins are often used as commemorative or souvenir tokens, and it is common to find coin elongation machines in tourism hubs, such as museums, amusement parks, and natural or man-made landmarks.
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The three most important standards of the ancient Greek monetary system were the Attic standard, based on the Athenian drachma of 4.3 grams (2.8 pennyweights) of silver, the Corinthian standard based on the stater of 8.6 g (5.5 dwt) of silver, that was subdivided into three silver drachmas of 2.9 g (1.9 dwt), and the Aeginetan stater or didrachm of 12.2 g (7.8 dwt), based on a drachma of 6.1 g ...