Canadian Gold and Silver Maple Leaf Coins: When Only the Finest Will Do

Canadian Gold and Silver Maple Leaf Coins: When Only the Finest Will Do

South Africa started the gold bullion rush with the Krugerrand. Once other national mints noticed that investors couldn’t get enough of the gold and silver bullion coins, they followed suit. Now in competition, the sovereign mints of the United State, Australia, China, Canada and Switzerland offer beautiful coins of guaranteed high quality which are also legal tender in their respective countries. But no product quite reaches the level of purity as the Canadian Gold and Silver Maple Leaf coins. When you want only the very finest bullion, look to the Royal Canadian Mint.

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You Won’t Believe This $1 Million Coin: The 1804 Draped Bust Silver Dollar

You Won't Believe This $1 Million Coin: The 1804 Draped Bust Silver Dollar

Pop quiz: when is a dollar not worth a dollar? When it’s worth a million dollars, that’s when! The 1804 Draped Bust Silver Dollar was crafted by the Jackson administration for foreign dignitaries. While that is not so unusual, this particular coin has a significant following and is incredibly unique for a variety of reasons. While the draped bust design was minted on dollar coins from 1795 through 1836, which is the year that the 1804 money was actually struck? This may sound a bit confusing, but such is the world of coins!

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What Happened to the Sacagawea Dollar Coin?

What Happened to the Sacagawea Dollar Coin?

The Sacagawea Dollar coin, which is commonly referred to as the “Golden Dollar,” continues to be one of the most unpopular coins ever produced by the U.S. government. Although the coin has been minted every year since 2000, it was only released into general circulation a total of five times. Nevertheless, the story of the Sacagawea dollar is an interesting tale of how good intentions can sometimes lead to the most unexpected results.  Continue reading “What Happened to the Sacagawea Dollar Coin?”

Behind the Scenes of the Coin Minting Process

Behind the Scenes of the Coin Minting Process

There was a time that everyone had a purse or pocket full of loud, jangly coins. While more people are leaning towards digital payment methods, coins are still the best way to pay or receive money for smaller transactions. Did you ever stop to think about how far these coins travel, or how they are made? The minting process is fascinating and contains a lot of steps and details that you may not realize are required to make a coin. Enjoy your peek behind the scenes — maybe you’ll pick up a tidbit of information to use at your next trivia night!

What is a Coin Die?

In the minting process, two metallic pieces are struck together to create an image on the coin. The die itself is a mirror of the final image that will be on the coin. These metal stamping tools are exceptionally hard and strike each coin multiple times, almost quicker than the eye can see. Dies can be used to stamp tens of thousands of times before they are decommissioned and destroyed.

How are Dies Produced?

Modern dies are created by a multi-step process that begins with a large plaster model, which is then subjected to a rubber coating. This large-scale replica of the final coin then is reduced on to a master steel template, called a ‘hub.’ This master hub is pressed into steel blanks to form master dies. Once the master die is created, working hubs are then made, which will be used to stamp the coins. The key difference between a ‘hub’ and a ‘die’ is that the die has an image that is hammered or pressed in, while a hub’s image is raised.

Coins only have two sides, the front and back, right? Not exactly. Coins technically have a third side, which is their edge! The ridges on the U.S. half dollar, quarter and dime have a raised edging that looks like a ridge or a collar.

True or False: Coins Are Two-Sided

Coins only have two sides, the front and back, right? Not exactly. Coins technically have a third side, which is their edge! The ridges on the U.S. half dollar, quarter and dime have a raised edging that looks like a ridge or a collar. Not all coins have this fancy outer border, but these design elements are rarely carved into the master die. Interestingly enough, coins that are supposed to have these third side designs but do not can be incredibly expensive and are very rare. The lack of a border is considered an error called a ‘broadstrike,’ where the coins are a bit flatter and may be shaped differently than others of the same denomination.

Learning more about the ways coins travel through the minting process is fascinating. We bet that you never realized the intricate details required to ensure that our nation’s coins are handled correctly at the mint. Want to learn more about coin collections and coins? Contact Roswell Gold, Silver & Coins today at 770-910-9313 or visit our store located at 900 Mansell Rd, Suite 18, Roswell, GA.

The Highest Valued U.S. Coins in Existence

The Highest Valued U.S. Coins in Existence

Nearly everyone could use extra money at some point in time, but did you know that you might literally be holding a treasure in your spare change? While you may not find some of these high-value U.S. coins hiding in your couch, you might discover pocket change that amounts to more than enough for a coffee run or lunch. Check out these valuable United States coins that may be hiding in plain sight in your home.  Continue reading “The Highest Valued U.S. Coins in Existence”