13-11-2012, 04:18 PM
coin collecting basics
basics_of_coin_collecting.ppt (Size: 281.5 KB / Downloads: 35)
A little about me
member of the Pasadena, Bellaire, and Greater Houston Coin Clubs, American Numismatic Association, Texas Numismatic Association and Society of Paper Money Collectors
vice president of the Pasadena Coin Club.
I have attended three summer seminars held by the American Numismatic Association.
The seminars are held once a year in Colorado Springs, Colorado and are the highlight of the numismatic year. The two, one-week sessions are held at the beginning of July. The Association brings in the top numismatist in each subject from across the country to teach the classes.
Collecting Terms
Numismatics- the study and collecting of things that are used as money, including coins, tokens, paper bills and medals
Currency- any kind of money, coins or paper money, that is used as a medium of exchange
Planchet- the blank piece of metal that the coin design is stamped on
A few more terms
Denomination- the different values of money. Circulating US coins are currently made in following denominations: cent, nickel, dime, quarter, half dollar and dollar
Die- an engraved stamp used for impressing a design upon a planchet to make a coin.
Mint mark- a small letter on a coin identifying which of the US Mint’s facilities struck the coin.
A few facts
The US Mint website states the approximate life span of a coin is 30 years.
By law a coin design has to stay in circulation for at least 25 years before it can be considered for redesign.
This law has been on the books since 1890, because of frequent design changes.