Coin Collecting-Tips and Tutorials | Contact

 





On Mints And Mint Marks

Mint Marks are tiny letters referring to the locality where the minting of coins took place. The position of mint mark can be found typically on the back side of coins that were minted before the year 1965 and on the front after the year 1967.

Coins of every US mint branch are recognized by mint marks. These coin marks date back to ancient times in Rome and Greece.

The “Director of the Mint”, through the “Act of March 3, 1835”, set rules to classify and distinguish the coins released from every US Mint branch. This core management set accurate standards and pattern of production as well as responsible coinage.

Coins that minted at the “Philadelphia mint” earlier than the year 1979 have no mint marks. So it was in that year that the dollar was marked with the letter P and other denominations had that same mark thereafter.

All dies for US coins are produced at the “Philadelphia Mint” and prior to shipping the coins to their mint branch, coins are marked first with the correct and designated mint markings. The precise size and positioning of the coins’ mint mark can slightly vary; this is influenced by how deep the punch was impressed and where.

The importance of mint marks:

Collectors can determine the value of a coin though mint mark, date and condition examination, making the coins condition the most significant factor and standard when determining its value.

Defining the Mint which hit the coin is tremendously important in determining the value of the coin; the coin can be hit in huge quantities at a single Mint or in smaller quantities in another hit.

The process of minting:

1. The making of metal strips in the correct thickness: Zinc strips are used for pennies, alloy strips composed of nickel (25%) and nickel (75%) for nickel and dollars, half-dollars, dimes, half-dimes are fabricated from a fusion of three coatings of metals; the external layer are alloys and the center is copper.

2. These strips of metals are then put into “blanking presses” that are responsible for cutting “round blanks”, approximately the dimension of the “done” coin.

3. The blanks then are softened by running them through an annealing furnace, through tumbling barrels, and then through revolving cylinders containing chemical mixtures to burnish and clean the metal.

4. The blanks then are washed and placed into a drying device, then into the "upsetting" machines, that produce the raised rim.

5. The Final stage: “coining press”. Each blank is clasp into position by a collar or ring as it is being struck or hit under great pressure. Pennies need approximately40 tons of pressure and the larger coins need more. The “upper and lower dies” are stamped simultaneously on the two sides of each coin.

The design:

The “Director of the Mint” chooses the design and pattern for United States coins, then that is approved by the “Secretary of the Treasury”; congress can recommend and suggest a design. The design then can not be changed for twenty five years unless directed by the congress.

All emblems of United States coins minted currently represent previous presidents of the United States. President Lincoln is on the one-cent coin, adopted in the year1909; Washington on the 25 cent coin that was minted first in 1932; Jefferson on the five cent coin in 1938; Franklin Roosevelt on the dime, introduced in the year1946; Kennedy on the half dollar that was first minted in 1964.

The “Act of 1997” known as the “50 States Quarters Program” supports and allows the redesigning of the quarters - the reverse side is to show each of the fifty states emblems. Every year starting in 1999 and until 2008, coins honoring five states, having designs that are created by each state, will be issued in the sequence or manner in which each state signed the Constitution.

The phrase "In God We Trust" was used first in 1864, on a United States two-cent coin. It then was seen on the quarter, nickel, half-dollar, silver dollar and on the $10, $5 and $20 in 1866; in 1909 on the penny, in 1916 on the dime. Today, all United States coins carry the motto.

 

 
Translate Page Into German Translate Page Into French Translate Page Into Italian Translate Page Into Portuguese Translate Page Into Spanish Translate Page Into Japanese Translate Page Into Korean

More Articles



More Articles


Software For Coin Collecting: The Smarter Way To Collect Coins

... organizing his coin records, leaving ample time for other activities. This means spending less time organizing and managing coins and more time for enjoying the hobby. The tedious job of keeping a systematic record is sometimes the main reason some coin collectors give up the hobby, and why employing ... 

Read Full Article  


Have Coins? Will Collect!

... times what the coin was worth back then. A penny a day, is worth okay Fortunately or unfortunately, there was a shortage of copper during the year 1943 and all pennies made at that time were minted using steel. There were however, some Lincoln pennies that were incorrectly minted on bronze that turned ... 

Read Full Article  


Even Coins Get Grades

... services, you may get 2 different grades. Sometimes even the same service will give a coin a different grade if it s submitted more than once. This has been taken advantage of by coin sellers trying to get a higher grade for a coin so they can put a higher price tag on it. One company had the idea to ... 

Read Full Article  


A Coin Is Worth More Than A Coin

... the 1700 s. The 1916-D dimes sell higher than the much older 1798 coins. The fact that there are more (approximately four hundred thousand) 1916-D coins than there are dimes from the year 1798 (only about thirty thousand), does little to affect the price of each. It is best to have a professional coin ... 

Read Full Article  


Design Types Of US Coins And Coin Collecting

... collecting is disregarding the types of coins but concentrating on a certain time period. Coins have different mint marks and collecting those that were struck in the same location can also be interesting. The important thing for hobbyists is to stick to the collection until it has been completed. For ... 

Read Full Article  

Coin Collecting News from Yahoo:

Coin and Bullion Company Launches Interactive Coin Collections

Coin and Bullion Company Launches Interactive Coin Collections The American Eagle Reserve, a trusted leader and innovator in the coin and bullion industry, caters directly to the needs and wants of coin collectors with the launch of their interactive AERLOOMS Virtual Collection system. The American Eagle Reserve launched its highly anticipated interactive AERLOOMS Virtual Collection system that ...

The Happy Coin Launches Online Store, Offering Rare & Coveted Collectible Coins

The Happy Coin is now live online as a premier Rare Coin Dealership. They offer everything from common date Morgan Dollars, Indian Head Cents and Buffalo Nickels to high end rarities such as the 1907 High Relief in PCGS MS 65, the 1937 D 3 Legged Buffalo Nickel in NGC MS 66, the 1898 Morgan Dollar in PCGS MS 66 Deep Cameo or a stunning 1903 Barber Quarter in NGC Proof 68 Cameo. For whatever type ...

National coin exhibition a hit with Hyderabad participants

Hyderabad, May 20 (ANI): The third day of the annual three-day National Numismatic Exhibition 2012 held here, showcased over 700 artifacts, apart from coins and paper money, drawing appreciation from numismatists and public alike.

Coin hoarding soon a crime?

Senator Lapid has filed a bill to punish coin hoarding.

Euro Coin Collection - with 2 Euro Commemoratives 1.3

"...its a little kind of magic for newbie numismatists as well as for experienced collectors." La Vita Nva, digital maga...

Ebooks | Contact Us | About | Advertise with Us |Sitemap | Miscellaneous Articles | Site Terms and Legal Disclaimer | Extras | Topics |

Copyright: EXZOrders.com -