What is a coin used for?

A coin is a small object, usually round and flat, used primarily as a medium of exchange or legal tender. They are standardized in weight, and produced in large quantities at a mint in order to facilitate trade. They are most often issued by a government. Coins often have images, numerals, or text on them.

What is the value of a coin?

Currently coins are used as money in everyday transactions, circulating alongside banknotes. Usually, the highest value coin in circulation (excluding bullion coins) is worth less than the lowest-value note.

When did coinage start?

Coins spread rapidly in the 6th and 5th centuries BC, leading to the development of Ancient Greek coinage and Achaemenid coinage, and further to Illyrian coinage. The first type of Siglos (Type I: "King with bow and arrows", upper body of the king only), from the time of Darius I, c. 520–505 BC

What is the obverse of a coin called?

The obverse of a coin is commonly called heads, because it often depicts the head of a prominent person, and the reverse is known as tails . A coin is generally made of metal or an alloy, or sometimes of human-made materials. Precious metal -based coins had the advantage of carrying their value within the coins themselves.