Many are aware of the many security features found in a currency’s banknotes, such as the watermark, microscopic text, and security strip, but much fewer are familiar with the special features of coins that are aimed at making coin forging impossible. And if you previously thought that coins were not in danger of being counterfeited, think again: the Royal Mint of Great Britain, in fact, just last year unveiled a new design of the British pound coin, created to combat the high rates of pound coin counterfeiting—a design which will roll out in 2017. Here are 4 of the most common security features that you’ll find in today’s coins.Read More
Thursday, July 23, 2015 9:08:00 AM America/Denver
Thursday, July 16, 2015 11:30:35 AM America/Denver
The rupee is the official form of currency of the Republic of India and is issued by the Reserve Bank of India. It is subdivided into 100 paise. The rupee is represented by the symbol ₹, and its ISO code is INR. Here is a brief history or the Indian rupee, and a description of its banknotes and coins.Read More
Thursday, July 9, 2015 9:01:47 AM America/Denver
Coin minting, or “coining,” refers to the process of manufacturing coins with a stamping technique. It is the most common method for coin manufacture today and differs from an older process of coin manufacture called cast coinage, which involves pouring melted metal into a mold.Read More
Thursday, July 2, 2015 11:29:00 AM America/Denver
The real (pronounced hey-al, with plural reais pronounced hey-ice) is the official form of currency of Brazil and is represented with the symbol R$. Its ISO code is BRL. The real is divided into 100 centavos. Here is a brief history of the real and a description of its banknotes and coins.Read More
Wednesday, June 24, 2015 10:50:18 AM America/Denver
Earlier this month, we covered 4 major error coins from around the world—some of which are worth thousands of dollars today. Now, here is a brief look at the wide variety of mint-made errors that coin collectors look for in their coin collections.
One of the most common minting errors occurs when a planchet is fed through the press and lands in the collar improperly. This causes it to be misaligned with the upper and lower dies, and thus only a portion of the planchet is struck.Read More
Wednesday, June 17, 2015 4:31:41 PM America/Denver
The Chilean peso is the official form of currency in the South American country of Chile. It is a unit-based form of currency with the peso functioning as the currency’s smallest unit. Here is a brief history of the Chilean peso, followed by a description of its coins and banknotes.Read More
Wednesday, June 10, 2015 11:06:06 AM America/Denver
Error coins—what are they, exactly? Simply put, they are coins that were manufactured incorrectly at some point in the minting process. These mint errors can be wide-ranging, with some examples being off-center striking, double striking, indents, or even improper metals used. Depending on the error, error coins can still find their way into circulation, and then eventually into the hands of coin collectors who treasure them for their unique qualities. As part one of a two-part series, here are four major error coins from around the world that have become valuable to coin collectors.Read More
Wednesday, June 3, 2015 4:21:22 PM America/Denver
The Saudi riyal is the official form of currency of Saudi Arabia and has been since the country came into being. The currency is abbreviated SR. Here is a brief history of the Saudi riyal as well as a description of its banknotes and coinage.
A Brief History
The word “riyal” comes from the Spanish real, which was one of the main currencies of the Mediterranean region during the reign of the Ottoman Empire.Read More
Friday, May 22, 2015 12:06:29 AM America/Denver
The peso, known as the ‘piso’ in the Filipino register of the Tagalog language, is the official currency of the Philippines. It is usually denoted with the symbol ₱, with its ISO 4217 code being PHP. Here is a brief history of the Philippine peso and a description of its banknotes and coins.
A Brief HistoryRead More
Friday, May 15, 2015 12:20:00 AM America/Denver
Traveling abroad is always an exciting opportunity, and many travelers find that coming to a foreign country with all of the exchanged currency that they will need in hand is the easiest way to deal with traveling expenses. While carrying paper and coin currency is convenient—especially since credit cards with magnetic strips are not the preferred method of payment in many places—it does also put you at risk for being targeted by skilled thieves. Here are some tips to protecting the large sums of foreign currency you’ll be carrying around when traveling.Read More