![]() In the last hundred years, the face value of circulated coins has occasionally been lower than the value of the metal they contain, primarily due to inflation. Usually, the highest value coin in circulation (excluding bullion coins) is worth less than the lowest-value note. Other coins are used as money in everyday transactions, circulating alongside banknotes. Coins made of valuable metal are stored in large quantities as bullion coins. The obverse of a coin is commonly called heads, because it often depicts the head of a prominent person, and the reverse is known as tails.Ĭoins are generally made of metal or an alloy, or sometimes of man-made materials. In this usage, obverse means the front face of the object and reverse means the back face. Obverse and its opposite, reverse, refer to the two flat faces of coins and medals. Coins often have images, numerals, or text on them. They are most often issued by a government. They are standardized in weight, and produced in large quantities at a mint in order to facilitate trade. ![]() A coin is a small object, usually round and flat, used primarily as a medium of exchange or legal tender. ![]()
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