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 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.

Are round coins worth anything?

Rounds are minted by private mints and have no face value. They’re not intended to ever circulate as currency. As an investment in metals, rounds are great stores of value since their value is based solely off its Precious Metal content.

How is a coin minted?

A coin is minted by a sovereign government. A coin is legal tender with a minimum face value. Typically, government treasury-issued mint coins are intended to circulate within the public as currency, so the coins are given a face value that can be used during financial transactions.