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A coin that has never been used, thus retaining all or most of its original luster. [1] uniface A coin struck with the design on one side only. union A proposed United States gold coin worth $100 (one hundred dollars). Only one pattern "half union" is known to exist. Platinum $100 coins are not technically "unions". unique
Coin grading [1] is the process of determining the grade or condition of a coin, one of the key factors in determining its collectible value. A coin's grade is generally determined by six criteria: strike, preservation, luster, color, attractiveness, and occasionally the country/state in which it was minted. Several grading systems have been ...
The alternative to a commodity money system is fiat money which is defined by a central bank and government law as legal tender even if it has no intrinsic value. Originally fiat money was paper currency or base metal coinage, but in modern economies it mainly exists as data such as bank balances and records of credit or debit card purchases, [3] and the fraction that exists as notes and coins ...
A simple equation helps explain the heated rally in bitcoin: More coins are being bought each day than new ones are being created. 1 reason for new bitcoin mania: 'Simply not enough' supply [Video ...
Also called resource cost advantage. The ability of a party (whether an individual, firm, or country) to produce a greater quantity of a good, product, or service than competitors using the same amount of resources. absorption The total demand for all final marketed goods and services by all economic agents resident in an economy, regardless of the origin of the goods and services themselves ...
Gresham's law is a specific application of the general law of price controls. A common explanation is that people will always keep the less adultered, less clipped, less filed, less trimmed coin, and offer the other in the marketplace for the full units for which it is marked. It is inevitably the bad coins proffered, good ones retained.
Details of the coin are sharp. Traces of mint luster may show. 45 Choice Extremely Fine Ch. Ex. Fine, EF45 Slight, overall wear is seen at the highest points of the coin (examples being raised features). All the details are full and very sharp. Mint luster may show only in protected areas of the coin's surface (Such as between the star points). 50
In Ancient Greece and the Roman Empire, copper coins were used for small transactions and were issued a monetary value greater than the value of the metal itself. [3] This established the principle of token money, which is the nature of coinage in contemporary society. [3] Plato distinguished between tokens and commodities. [8]