5324 Spring Hill Dr Spring Hill, FL 34606 | Phone: (352) 585-9772 | Connect with Us on FacebookConnect with Us on Twitter

Coins

A Coins for Kids Post.

All About Coins

What are coins? Coins are small metallic discs made for use as money. Each year the United States Mint makes more than 10 billion coins! That’s a heck of a lotta money.

Every day coin(s) are known as “in circulation”. These are coins that you use at the grocery store, vending machines, etc.

How do coins circulate?

 

Circulation Flow:

coins - circulating coins flow. Vermillion Enterprises

 

 

 

 

 

 

Coin(s) circulate from the U.S. Mint to the Federal Reserve Banks throughout the nation. Currently, there are 12 Federal Reserve Districts in the United States:

coins - federal reserve districts throughout the united states

Depending on where you live in the United States, determines which Federal Reserve District will send coins to the banks nearest you. Which Federal Reserve Bank serves your area?

Stores and other people often go to the bank to trade cash for coin(s). So they can always make change when needed. Which in turn, people like you and me, when we receive change – we usually spend it to keep it in circulation. Or save it in our piggy banks, so we can buy something we really want later.

 

 

What are the parts of a coin?

Coin Parts:

coin parts - spring hill coin shop vermillion enterprises

 

 

 

 

 

 

Heads or Tails?

Different sizes and designs make up different types of coins. As well as different metals. But every coin has two sides. Heads, known as the obverse. And tails, known as the reverse. Each side depicts a design or artwork. Often including a person from the neck up. Referred to as a bust. For instance, on the Quarter, there is a bust of President George Washington.

Outside of A Coin

The outer surface of the coin can have lettering, reeding, or designings. This is called the edge.  The area near the edge which is raised is known as the rim.

On The Coin

The area in the background of a coin, where it is blank, is known as the field. Throughout the coin, there is markings. For instance “United States of America” and “Liberty”. The depth of the markings and how much they are raised above the field, determines their “relief”. There are three basic reliefs used to describe a coins markings.

  • Low Relief
    • Which means the writings/markings are only slightly raised. This version isn’t considered “ideal” when collecting coins . But it is very ideal when making coins to be used in circulation.
  • High Relief
    • This means the writings/markings are very raised. This version is considered “ideal” when collecting coins. It creates high detail and makes the coin look beautiful.
  • Incuse
    • It is the opposite of a relief. It refers to an area of the coin that has been sunken in. Whether by design or accident.

There are other markings on coins as well.

Mint Mark

A letter or letters that let you know where a coin was minted.

Sculptor/Artist

Intials of the person who designed the coin.

Date

The year on a coin.

Inscription

Legend or lettering on a coin. For instance, “E Pluribus Unum”. Which is Latin for “Out of Many, One”. It is the motto of the United States of America.

What are coins made of?

Coin Composition

Coin composition

 

 

 

 

 

 

The United States Mint makes a lot of coins. But not all coins are worth the same value. In the chart above is the most common circulating coins. The chart details their value, metal makeup, how much they weigh, and their size. However, the U.S. Mint used to make coins out of Silver.  Nickels, Dimes, Quarters, Half Dollars, and Dollars, are worth a lot more money than just their face value. Why? Because Silver is worth more than copper or nickel.

 

You can learn more about Silver Coins here!

 

Vermillion Enterprises – Serving areas nationwide and throughout Florida.

 

Holiday, FL Brooksville, FL Sarasota, FL Lutz, FL
Homosassa, FL Clearwater, FL Spring Hill, FL New Port Richey, FL
Hudson, FL Crystal River, FL Tampa, FL Ocala, FL
Inverness, FL Dade City, FL Tarpon Springs, FL Odessa, FL
Land O Lakes, FL Floral City, FL Wesley Chapel, FL Palm Harbor, FL
Lecanto, FL Gainesville, FL Zephyrhills, FL Saint Petersburg, FL
Wesley Chapel Lutz  Brandon Gainesville
Holiday Brooksville  Tampa Sarasota
Palm Harbor Hudson  Bradenton Winter Springs
Tarpon Springs Inverness  Kissimmee Odessa
Elfers New Port Richey  Orlando Land O’ Lakes
Dade City Crystal River  Longwood Daytona Beach
Comments are closed.
GIA - Gemological Institute of AmericaNGC - Numismatic Guaranty CorporationNCS - Numismatic Conservation Society
PMG - Paper Money Guaranty

This website designed and maintained by The Clever Robot Inc.