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The coinage metals comprise those metallic chemical elements and alloys which have been used to mint coins. Historically, most coinage metals are from the three nonradioactive members of group 11 of the periodic table: copper, silver and gold. Copper is usually augmented with tin or other metals to form bronze.
Group 11 is also known as the coinage metals, due to their usage in minting coins [2] —while the rise in metal prices mean that silver and gold are no longer used for circulating currency, remaining in use for bullion, copper remains a common metal in coins to date, either in the form of copper clad coinage or as part of the cupronickel alloy.
Coins were first made of scraps of metal by hitting a hammer positioned over an anvil. The Chinese produced primarily cast coinage , and this spread to South-East Asia and Japan. Although few non-Chinese cast coins were produced by governments, it was a common practice amongst counterfeiters .
Striking a coin refers to pressing an image into the blank metal disc, or planchet, and is a term descended from the days when the dies were struck with hammers to deform the metal into the image of the dies. Modern dies made out of hardened steel are capable of producing many hundreds of thousands of coins before they are retired and defaced.
The best known precious metals are the precious coinage metals, which are gold and silver. Although both have industrial uses, they are better known for their uses in art , jewelry , and coinage. Other precious metals include the platinum group metals: ruthenium , rhodium , palladium , osmium , iridium , and platinum , of which platinum is the ...
Physical metals: You can purchase coins or bullion (precious metals valued by weight) and hold onto them. You’ll need a secure place to store them. You’ll need a secure place to store them.
Billon (/ ˈ b ɪ l ən /) is an alloy of a precious metal (most commonly silver, but also gold) with a majority base metal content (such as copper). It is used chiefly for making coins, medals, and token coins. The word comes from the French bille, which means 'log'. [1]
Critics say the rise of electronic commerce and the billions of pennies in circulation mean the U.S. could stop printing the copper coins tomorrow and see little widespread effect for decades.
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