For hundreds, if not thousands of years, coins have been used as a common form of currency. Coins were considered to be an easy way to be able to purchase goods in a community, as the small coins were easy to carry. Most every country has some form of coins that are used still today in regards to currency. Coin collectors like to add unique coins from varying countries to have an interesting and hopefully valuable collection. The history of coins is quite colorful and there are many interesting facts available when it comes to coins across the globe. Read on to see the many differences between coin values and other characteristics when considering coins from across the globe.
1. The first coins were minted, which means made, around 2,500 years ago. Coins have long been used around the world as a way to pay for items needed such as food and shelter.
2. A British pound was originally created based on the actual weight of the coin. A British pound was equal to a pound of silver in weight. This made the coin quite heavy in the very beginning for individuals to use a currency.
3. Australian currency used to be one and two cent coins. Such coins were removed from circulation back in 1992 and were actually melted down to create the medals for bronze during the Sydney Olympics of 2000.
4. The 50-yen Japanese coin has a unique round hole at the center. This hole was created to save on the cost of materials and makes the coin very difficult to counterfeit. The hole also makes the coin stand out when compared to the similarly styled 100-yen coin.
5. The Euro is a term for European currency and is used in several countries including Spain, Greece, Italy and France. The euro was actually a form of electronic currency until 2002 when the coins and colorful paper notes were minted.
6. Coin values range in price based on a number of factors. The condition of the coin, the rarity, and metal along with other attributes will determine the real value. Silver coins, gold coins and a number of other types are collected due to such attributes.
7. Often times the most collectible coins are those that have errors or imperfections. Many coin collectors try to find coins that have misprints in the text, picture deformities or other characteristics that are not supposed to exist but do due to misprinting.
8. The most expensive coin ever to be sold at auction was the Flowing Hair dollar which was minted in the United States in the years 1794 and 1795. The coin sold for over $10 million in January of 2013.
9. Pennies created in 1933 by The Royal Mint are considered to be especially rare as there are believed to be no more than six or seven of these coins in existence.
10. Coin values will go up and down based on a number of factors.
Overall, coin collecting can be fun and interesting. Work with Colonial Acres Coins to add to your collection or to learn more about the coin collecting world.
Colonial Acres Coins 