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Coins and Collecting
By their very nature, coins are highly robust, useful, portable and accurate methods of payment and investments. In order to meet these requirements, minting skills have traditionally been very precise and safeguarded functions commissioned and managed by individual countries reigning establishment and a few chosen mints around the world. Right from the start, coin making systems consisted of two predominant spheres of work - the fabrication of suitable blanks of a defined mix and exact weight; and the production of the equipment for striking the coins. In effect, nothing has altered in this regard from the earliest methods until today. Only the ways and means have improved with industrialisation of nations and technical progress. Right from the , coins were struck with 2 coining dies - a lower die depicting the coin in a negative form, and a similar upper die. The coin blank was then located between these two dies and the top die struck with a weighty hammer, thus rendering a positive figure on the blank. The hammer technique was employed long into medieval times. Even now we sometimes speak of coins being struck. The History of Coin Minting It is known that the earliest coins were struck during the 7th century BC by the Lydians in Asia Minor. These were constructed from coin blanks of a uniform combination of silver and gold alloy known as electrum. For this intent, molten electrum was dispensed into suitable molds. Although the Lydians started with unsophisticated forms, subsequently there was a move to more complex ones which made the manufacture of a bigger number feasible at any one time. For many hundreds of years, this type of creation of circular coin blanks remained principally unchanged until the burgeoning economy in Europe during the fifteen hundreds saw a dramatic upsurge in necessity for coins. Minting techniques consequently were to meet this need. |
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This intel was contributed by alonzo
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May, 2012
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