Search results
Results from the WOW.Com Content Network
Led by "King" David Hartley, the Coiners obtained real coins from publicans, sometimes on the promise that they could "grow" the investment by smelting the original metals with base ores. They "clipped" the edges of genuine coins, leaving them only very slightly smaller, and collected the shavings. They then melted down the shavings to produce ...
The president's office at the Cabeen House in Chicago. The main reading room on the second floor of the clubhouse Some books at the CCC library. The Collectors Club of Chicago (CCC) began with informal meetings in the 1920s of specialized collectors residing in the Chicago area. The CCC was incorporated as a not-for-profit in Illinois.
In modern practice in the United States, milling, or a milled edge, can refer to the raised edge on the coin face, applied by a special milling machine after the planchets are cut out and polished. In addition, the reeding of coins of higher value, applied by the collar holding the coin when it is stamped, can be considered part of the milled edge.
By 1696 forged coins constituted approximately 10% of the nation's currency. [3] The currency also had a third problem: its value as silver bullion in Paris and Amsterdam was greater than the face value in London, and thus vast quantities of coins were melted and shipped abroad — an arbitrage market.
Bairnsdale and District Stamp and Coin Club; Bathurst Stamp, Coin, Collectables and Lapidary Club; Bendigo Coin & Collectables Club Inc; Coffs Harbour Stamp and Coin Club; Geelong Numismatic Society; Gold Coast Coin Club; IBNS (Melbourne Chapter) IBNS (Perth Chapter) IBNS (Sydney Chapter) Illawarra Numismatic Association; Maitland and District ...
Debasement lowers the intrinsic value of the coinage and so more coins can be made with the same quantity of precious metal. If done too frequently, debasement may lead to a new coin being adopted as a standard currency, as when the Ottoman akçe was replaced by the kuruş (1 kuruş = 120 akçe), with the para (1/40 kuruş) as a subunit.
[4] [5] Some gold and silver coins were reeded to discourage clipping, i.e. scraping off the precious metals from the edge of the coin, to maintain its stated value in precious metal. [4] This practice was made more difficult through the implementation of reeding by Isaac Newton in 1698, [6] during his time as warden of the Royal Mint.
Coin edges are the parts of a coin's surface between the faces; they may be plain (smooth) or patterned, or a combination of both. They can also include lettering. Reeded edges are often referred to as "ridged" or "grooved" (US usage), or "milled" (UK usage). [1] Some coins, such as United States quarters and dimes, have reeded edges